Major Indexes Struggle for Direction as Trade Tensions Resume

Boeing (BA) is also weighing on sentiment

Emma Duncan

Managing Editor

Jun 12, 2025 at 12:09 PM

Stocks are trading flat to slightly higher this afternoon, following unchanged weekly jobless claims and a softer-than-expected producer price index (PPI) for May. The Dow Jones Industrial Average (DJI) is just below breakeven, while the Nasdaq Composite (IXIC) and S&P 500 Index (SPX) inch higher. However, a Boeing (BA) 737 crash in western India and ongoing trade tensions are dampening market sentiment.

Continue reading for more on today's market, including:

Upbeat results trigger Oracle stock surge.
Bull note boosts software favorite.
Plus, transfer window boosts soccer stock; biotech climbs higher; and GME's latest struggle.

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Northern England soccer team Manchester United PLC (NYSE:MANU) is popular in the options pits today, with 4,670 calls across the tape so far. This represents 12 times the average daily options volume, with the most popular, December 25 call, being sold to open. MANU is up 2.7% to trade at $17.34, with the June gain sitting at 22% already. Driving the stock today is news that Wolves player Matheus Cunha has signed a £62.5 million transfer deal.

Biotech Liminatus Pharma Inc (NASDAQ:LIMN) is one of the best performers on the Nasdaq today, last seen up 68% at $18.63. The company achieved Nasdaq compliance earlier this month, and since has been barreling through the charts, aside from a few pullbacks. Yesterday's session saw a more than 50% plunge, which was captured by the 120-day moving average. In 2025, LIMN has added 77%.

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Video game retailer GameStop Corp (NYSE:GME) is one of the worst New York Stock Exchange (NYSE) performers today, down 19.4% to trade at $23.01, at last check. The equity is struggling after revealing $1.75 billion in convertible debt notes. GME has shed 27% in 2025 already, while today's drop is the worst daily pullback shares have seen since March 27.

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