The market experienced notable movements on Monday, with several key stocks attracting attention from traders and investors. With a crucial event set for Tuesday, Apple is in the spotlight. The tech giant is expected to unveil details about the new iPhone during a highly anticipated event, with tech reporter Steve Kovach providing live coverage. Despite an overall yearly decline of 5%, Apple shares have shown resilience, climbing approximately 17% in the past three months, although they remain 8.5% off their Christmas 2024 high.
In contrast, Alphabet celebrated a significant milestone, reaching a new high on Monday. Originally trading at $85 a share since its debut on August 19, 2004, it now boasts a price of $234 per share, marking an astonishing increase of nearly 11,000%.
Big banks are experiencing a robust run, with JPMorgan’s stock hitting an all-time high. Year-to-date, it has surged by 22%. CEO Jamie Dimon is scheduled for a live interview on CNBC’s “Halftime Report,” bringing additional attention to the financial landscape. American Express also achieved a new all-time high, with its stock climbing 19% over the last six months. Citigroup is trading at a 17-year high, experiencing a remarkable 36% upswing in 2025. Similarly, Goldman Sachs and Morgan Stanley reached new all-time highs, up 33% and 25%, respectively, in the last six months.
On the economic front, the two-year Treasury yield stands at 3.48% and the one-year at 3.63%. Typically, tech stocks benefit when yields decline, evidenced by the sector’s 0.67% uptick on the day. Over the past three months, the S&P Tech sector has risen by 13% while the two-year yield has dropped by 13%. Notable tech performers included Broadcom, IBM, and ServiceNow, each rising by about 3%. Western Digital, Seagate, and Arista Networks emerged as the top tech winners in recent months.
In other news, Starbucks is marking the one-year anniversary of Brian Niccol’s leadership. However, its shares have seen a decline of 7.7% during his tenure, currently standing at 28% below their peak from March. Lululemon has faced significant challenges as well, hitting a low not seen since March 2020, with shares down 16% in just a week and 36% over the last three months.
As investors prepare for Tuesday’s trading session, the developments in these major companies will be closely monitored for further insights into market trends.
