Big Movers: McDonald’s, Intel, Disney, Tesla, and More Set to Drive the Market

​As investors await key U.S. inflation data and updates from the U.S.–China trade talks, several big-name stocks are poised to shape Wednesday’s market action.

Market Backdrop
Stocks rose Tuesday ahead of the May consumer price index (CPI) reading due Wednesday morning. The Nasdaq gained 0.6%, now just 2.5% off its all-time high. The S&P 500 climbed 0.55%, while the Dow Jones added about 105 points. Expectations are that CPI will show a 2.4% year-over-year rise, with core inflation (excluding food and energy) at 2.9%.

McDonald’s: Under Pressure
McDonald’s fell 1.4%, marking its seventh straight daily loss—the longest losing streak since 2013. The decline follows a double downgrade from Redburn Atlantic, which cited risks from rising use of weight-loss drugs potentially reducing store traffic by 28 million visits and $500 million in revenue.

J.M. Smucker: Record Drop
J.M. Smucker shares plunged 15.6%, its worst one-day loss ever, after warning that current-quarter sales will decline. The stock closed at its lowest level since January 2019.

Disney: Hulu Deal Boost
Disney jumped 2.65% after acquiring full ownership of Hulu for nearly $440 million, less than expected. CEO Bob Iger called the combination of linear and streaming a “winning strategy.”

Semiconductors Shine
Chip stocks led Tuesday’s gains:
-Intel soared nearly 8%, the best performer in both the S&P 500 and Nasdaq 100.
-Nvidia rose nearly 1% to its highest close since January.
-Taiwan Semiconductor gained 2.6% on 40% revenue growth in May.
-Qualcomm climbed 2.4%, while Broadcom and AMD posted gains of 0.1% and 1.2%, respectively.

Apple: Struggling to Impress
Apple didn’t recover all of Monday’s losses after a lukewarm reception to its Worldwide Developers Conference kickoff. The stock is now down 19% year-to-date, shedding nearly $750 billion in market cap.

Tesla: Robotaxi Buzz
Tesla extended its rally for a third straight day, boosted by CEO Elon Musk’s announcement that the company’s robotaxi service could launch in Austin on June 22. Shares are now up 10.5% this week and nearly 26% in Q2, though still down 19.25% for the year.

Oracle: Earnings Watch
Old guard tech player Oracle reports earnings after Wednesday’s close. The stock is up 19% over the past three months and nearly 50% since its April lows.

Other Movers
Circle, the stablecoin issuer, dropped 8.1% after a blockbuster IPO, but remains up 242% from its offering price.

Insmed surged nearly 29% to a 25-year high following positive hypertension drug trial results.

Bottom line: With inflation data and trade news looming, big names like Intel, Disney, Tesla, and Oracle are driving market momentum. But with sentiment high and risks building, the next CPI print could be a critical pivot point for stocks.