Market Highlights: Monday & Tuesday Outlook
On Monday, producers at CNBC geared up for significant events unfolding at Apple regarding the iPhone and its business strategies. Steve Kobach, the high-tech reporter, is on-site, and there’s a lot of buzz around the new iPhone. Notably, Apple’s stock has dipped by 5% this year, although it has increased by 17% over the past three months, following a downturn of about 8.5% since Christmas 2024.
In other news, Alphabet achieved a milestone with their stock trading at new highs, starting at $85 per share in August 2004. Remarkably, it’s surged nearly 11,000%, with A-shares now at $234 each.
The financial sector also saw significant gains. JPMorgan’s stock reached its highest point ever, climbing 22% in 2025. CEO Jamie Dimon made an appearance on CNBC’s “Halftime Report” alongside Leslie Picker and other hosts at the FutureProof event in Huntington Beach, California. American Express hit an all-time high on Monday too, boasting a 19% rise over six months. Meanwhile, Citigroup is trading at 2017 highs with a remarkable 36% growth this year.
Goldman Sachs and Morgan Stanley also set new records, with stocks growing by 33% and 25% respectively over the past six months. CEO Ted Pick of Morgan Stanley is scheduled for a live appearance on CNBC at 2 PM ET. As of now, JPMorgan’s stocks are yielding 3.48%, with an annual rate of 3.63%. The tech sector was in the spotlight, appreciating by 0.67% on the day, likely fueled by decreasing yields. Over the last three months, the S&P Tech sector has seen a 13% increase.
Broadcom, IBM, and ServiceNow were among the top gainers in the tech space, each rising about 3%. In contrast, firms like Western Digital, Seagate, and Arista Networks led the wins over the past three months.
Lastly, Starbucks is reflecting on a year under Brian Niccol’s leadership, although its stock has dropped 7.7% during this period, sitting 28% lower than its highs in March. Lululemon’s performance was notably poor, hitting lows that haven’t been seen since March 2020; the stock fell 16% in just a week and 36% over the past three months.
