The S&P’s March Towards A Fresh Record… And Nike Reports Results 6/26/25

CNBC's "Fast Money"

CNBC

Business, Investing, News

4.3 • 1.2K Ratings

🗓️ 26 June 2025

⏱️ 44 minutes

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Summary

Stocks climbing across the board, with the S&P 500 just points away from a fresh record high. How a quiet stealth rally in one sector could push the index to new heights. Plus Nike results are out. The details and numbers from its latest quarter, and the new faces joining the coffee chain’s board of directors. Fast Money Disclaimer

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0:00.0	Live from the NASDAQ market site in the heart of New York City's Times Square, this is
0:06.2	fast money. Here's what's on top tonight. Bank on gains with the markets just off a hair
0:10.8	off records. Some financial stocks are seeing outsized gains this week. Can the rally keep rocking
0:15.8	or is the trade heading for some pain? And Nike on the move, we were watching the stock after
0:19.9	the latest earnings beat, what it has to say about the impact of tariffs, demand for the consumer,
0:24.0	and more. Plus, Dr. Copper helps send miners sharply higher. Disney shares off a weak
0:29.0	box office for its latest Pixar flick and sell TJX. Why, the chartmaster says this stock is
0:34.5	about to head lower. I'm Melissa Lee. I'm a deal out from the studio at the
0:37.7	Nazak on the desk tonight. Carter Braxton Worth, Tim Seymour, Guy Damien, Stuart Kaiser,
0:42.3	head of equity trading strategy at Citigroup. Welcome, Stewart. And we start off with the markets
0:47.0	getting within a whisper of records. The S&B gaining 8 tenths of a percent today and closing just
0:51.8	six points off its all-time high hitting more than four
0:54.9	months ago. The NASDAQ also just off its best level up a percent today. And as we are getting
0:59.5	ready to close out the month and the quarter, it's been tech and energy leading the charge.
1:04.4	But recent moves in one other area really caught our eye today. Bank stocks have quietly been in
1:09.5	rally mode since last week's Fed meeting.
1:11.6	Goldman Sachs up nearly 10 percent. Hitting a new record today. J.P. Morgan also at an all-time high.
1:17.5	So with stress test results coming out tomorrow, earning season around the corner.
1:21.5	What do you make of these market moves, Guy? Well, I mean, in terms of the banks,
1:25.7	kudos to Tim and Stewart's here, which is great. But, you know, they've been in very supportive, very, I think, Guy. Well, I mean, in terms of the banks, kudos to Tim and Stewart's here, which is great,
1:27.8	but, you know, they've been in very supportive, very, I think, enthusiastic about the banks.
1:32.7	There's been one that I have been, and that is in the form of Citibank, which I think reports
	...

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