The S&P 500 saw significant movements on Friday, with notable advances and declines among its constituents. On the advancers’ side, Palantir Technologies (PLTR) led the way with shares rising 6.5%. This surge was attributed to positive sentiment concerning its expanding government business and renewed enthusiasm surrounding artificial intelligence, especially following strong earnings from chipmaker Broadcom (AVGO). Despite recent session pullbacks, Palantir’s stock hit an all-time high earlier in the week, bolstered by optimism in the AI sector.
Moderna (MRNA) shares closed up 5.1%, concluding a week of volatility. The rise followed the announcement of FDA approval for its new COVID-19 vaccine specifically for older and higher-risk patients. Plans for a placebo-controlled trial to evaluate this vaccine, as indicated by Health and Human Services Secretary Robert F. Kennedy Jr., also contributed to the stock’s positive outlook.
In the aviation sector, United Airlines (UAL) saw shares increase by 4.8% after announcing a partnership with Spotify Technology (SPOT). This collaboration will allow passengers to access playlists, audiobooks, and video podcasts from Spotify on their seatback screens during flights. Competitor Delta Air Lines (DAL) also experienced an uptick with shares up 4.3%.
Tesla (TSLA) shares advanced by 3.7%, recovering somewhat after a sharp drop the previous day due to the public feud between CEO Elon Musk and President Donald Trump. Analysts remain optimistic about Tesla despite the clash, advising that tensions could complicate regulatory approval for its self-driving technology, but expressing continued support for the company’s future prospects.
Conversely, Lululemon Athletica (LULU) faced substantial declines, plunging 19.8% as it issued disappointing sales and profit forecasts for the upcoming quarter. The company highlighted cautious consumer spending behaviors and indicated plans to raise prices on certain products to counteract tariff impacts. Following the disappointing outlook, analysts from JPMorgan and UBS adjusted their price targets downward for Lululemon’s stock.
Broadcom experienced a 5% decline in its shares. Despite reporting fiscal second-quarter sales and adjusted profits that met Wall Street expectations, investor sentiment may have been dampened by the share’s prior record highs and competitive pressure from Nvidia, which reported outstanding results the previous week.
Mosaic (MOS), a fertilizer producer, also saw shares decrease by 4.4% after reducing its phosphate production guidance for 2025 due to operational challenges at its U.S. facilities.
Meanwhile, the overall performance of the S&P 500 index has been promising for 2025. The index recently closed in positive territory, rising 2% year-to-date and nearing its February record closing high. It also noted solid weekly gains, with the S&P 500 and Nasdaq both rising, contributing to an overall upward trend in the indexes over recent weeks.
Analysts are particularly focused on Broadcom following its earnings release and subsequent share movement. They observed that despite a fresh record high earlier in the week, profit-taking activities led to a decline. Investors are advised to watch key support levels for Broadcom’s shares, highlighting pivotal price points at $235 and $200, with a notable resistance area around $265.
Despite the turmoil involving Tesla, analysts continue to show faith in its long-term viability. While the feud with President Trump stirred uncertainty, some analysts, like those from Wedbush, reaffirmed their bullish stance on Tesla, assigning a $500 price target while acknowledging potential hurdles in the regulatory landscape.
For tech giant Apple (AAPL), anticipation is building ahead of its annual Worldwide Developers Conference, where CEO Tim Cook will unveil developments surrounding Apple Intelligence and announcements regarding new software updates and AI innovations. Expectations include a focus on integrating Google’s Gemini large language model and enhancing Apple’s AI capabilities.
In the health tech space, Docusign (DOCU) suffered a significant downturn, with shares falling 19%. The decline followed a miss on billings, leading the company to revise its full-year outlook downward. CEO Allan Thygesen indicated that the transition to an AI-focused model had caused unexpected impacts on early renewals and overall billings.
Omada Health is set to debut on the Nasdaq following a well-priced IPO, and Circle Internet Group continues to see its shares surge after a strong showing on their first trading day, reflecting growing investor confidence in the company’s future.
As the stock market continues to navigate varying sentiments, analysts are keenly observing key trends, price movements, and external pressures that shape the landscape of major companies within the S&P 500.
image source from：https://www.investopedia.com/dow-jones-today-06062025-11749583
