Evening Market Recap

Sophia Reyes · June 16, 2025 5:11 PM

Market Snapshot for Monday 6/16/2025

• S&P 500 – 6,033.11 (+0.94%)
• Dow Jones – 42,515.09 (+0.75%)
• NASDAQ – 19,701.21 (+1.52%)

Market Performance

U.S. stocks bounced back on Monday as oil prices declined, with investor anxiety over the Israel-Iran conflict beginning to ease. The Dow Jones Industrial Average climbed over 300 points, or about 0.8%, while the S&P 500 advanced nearly 1%. The Nasdaq Composite led gains with a 1.5% rise. The rebound came after a sharp selloff on Friday, when the Dow tumbled more than 700 points in a broad risk-off retreat. Growth areas of the market led the gains, as technology, consumer discretionary, and communication services sectors in the S&P 500 each rose more than 1%.

Economic Takeaways –

• Bond yields edged up modestly, with the 10-year Treasury yield ending the day near 4.46%.
• The Wall Street Journal reportedthat Iran may be willing to restart talks over its nuclear program in an effort to deescalate the conflict with Israel. When asked about the possibility on Monday, President Trump said, “Yeah … they’d like to talk, but they should have done that before.”
• Uranium-related stocks soared to 52-week highs on Monday, driven by renewed investor confidence in nuclear energy’s role as a crucial power source for the AI boom.
• The Global X Uranium ETF (URA) jumped 7%.
• On the trade front, U.S. negotiations with the EU and Canada are in the spotlight as President Trump participates in the G7 summit in Canada. Approaching quickly is Trump’s July 9 deadline—the expiration of his 90-day pause on the sharp “Liberation Day” tariff hikes.

Gold –

• Gold climbed as much as 0.6% in Asia to nearly $3,450 an ounce, about $50 short of an all-time peak set in April.
• Gold futures retreated from a recent rally.
• “Prices are still very close to the record, and given the geopolitical situation any further escalation will push them higher,” said John Feeney, an analyst at Guardian Gold Australia.

Oil –

• Oil prices slid more than 2% during the session.
• After an initial spike, prices retreated, bringing Brent crude (BZ=F) down to just under $73 a barrel and WTI crude (CL=F) to a close below $72 a barrel.

Bitcoin –

• Bitcoin climbed to hover above $108,000 per token.
• Strategy (MSTR), the largest corporate holder of bitcoin, reported in a filing to the Securities and Exchange Commission that it purchased $1.05 billion worth of bitcoin between June 9 and June 15.

TikTok Will Go Dark Again if President Trump Doesn’t Act

TikTok is once again facing a potential U.S. ban, with a looming deadline that could take the app offline by June 19 unless former President Trump steps in with another extension.

Parent company ByteDance has until that date to finalize a deal to divest the short-form video platform or shut it down entirely, cutting off access for its 170 million American users.

President Trump previously indicated he was open to extending the deadline a third time. The app briefly went offline in January, but Trump delayed the cutoff to April as sale negotiations dragged on.

He later signed a second executive order pushing the deadline again, but that extension is set to expire Thursday. While Trump still has the option to prolong the sale timeline, questions remain about how many more delays are possible before ByteDance must either sell the platform or shut it down.

Trump first called for a TikTok ban during his initial term, but during the 2024 election, he reversed course, stating the app acts as a necessary counterweight to Meta’s (META) dominance in the social media landscape. Trump has a long-standing feud with Meta CEO Mark Zuckerberg, who suspended Trump from Meta’s platforms after the Jan. 6 Capitol riot. In response, Trump later threatened to jail Zuckerberg.

Top Gainers

Several stocks experienced significant gains. Some of the top gainers included:

• EchoStar Corp. (SATS) moved higher 49.11%
• Quantum Computing, Inc. (QUBT) soared by 27.22%
• Newegg Commerce, Inc. (NEGG) exploded 19.12%
• Symbotic, Inc. (SYM) surged 16.02%
• Tonix Pharmaceuticals (TNXP) rose 15.60%
• MP Materials Corp. (MP) moved up 13.42%
• PagSeguro Digital Ltd. (PAGS) 12.68%
• The Estee Lauder Company (EL) spiked 10.82%
• Futu Holdings Limited (FUTU) moved up 10.77%
• Roku, Inc. (ROKU) surged 10.43%

Top Losers

The top US stock losers today, based on percentage change included:

• Sarepta Therapeutics, Inc. (SRPT) moved lower 42.12%
• Mercury Systems, Inc. (MRCY) moved lower 6.51%
• Leonardo DRS, Inc. (DRS) sank 5.23%
• Avidity Biosciences, Inc. (RNA) fell 5.00%
• Hesai Group (HSAI) down 4.68%
• Argenx SE (ARGX) moved lower 4.62%
• Sasol Limited (SSL) sank 4.59%
• Scropio Tankers, Inc. (STNG) dragged 4.52%
• AeroVironment, Inc. (AVAV) moved down 4.32%
• Frontline plc (FRO) slumped 4.31%

Notables

• Bank of America analyst Brad Sills downgraded CoreWeave (CRWV) stock to Neutral from his previous Buy rating. “Following Q1 results, the stock has run up 145%,” Sills wrote, adding that he believes “much of the near-term upside has been priced in.”
• Circle Internet Group (CRCL) stock jumped as high as 18% on Monday to an intraday high.
• Nvidia (NVDA) shares gained more than 2%, moving closer to a fresh record.
• Roku (ROKU) shares exploded over 10% on Monday after the streaming platform announced a partnership with Amazon (AMZN) Ads to create the “largest authenticated Connected TV (CTV) footprint” in the US.
• Shares of Sarepta (SRPT) sank 40% in premarket trading on Monday after the company said a second patient died of liver failure while taking its experimental gene therapy, Elevidys.
• United States Steel Corporation (X)stock was up 5% before the bell on Monday after President Trump approved of Japan’s Nippon Steel’s take over of the company.
• Kering’s (KER.PA) shares jumped 9% in premarket trading Monday following reports that Renault CEO Luca de Meo is set to take the helm of the French luxury group behind Gucci.
• Meanwhile, Tesla (TSLA) shares rose 1% ahead of the opening bell, recovering some ground after earlier declines this month tied to tensions between CEO Elon Musk and former President Trump.
• Renault’s (RNO.PA) shares plunged over 6% on news that its CEO Luca de Meo has decided to leave.
• Shares of Hinge Health (HNGE) jumped after analysts began coverage with a bullish outlook.
• Visa (V), Mastercard (MA), and PayPal (PYPL) rebounded early after Friday’s sharp sell-off triggered by a Wall Street Journal report suggesting they could lose business if Amazon and Walmart move forward with stablecoin launches.

What to Watch Ahead

Looking ahead, it is highly likely that the Fed will hold rates steady on Wednesday.

The Fed’s latest round of projections, released Wednesday, will include the much-studied “dot plot,” a chart updated quarterly that shows each Fed official’s prediction about the direction of the central bank’s benchmark interest rate.