Evening Market Recap

Sophia Reyes · August 4, 2025 8:24 PM

Market Snapshot for Monday August 4^th, 2025

S&P 500 – 6,329.94 (+1.47%)

Dow Jones – 44,173.64 (+1.34%)

NASDAQ – 21,053.58 (+1.95%)

Market Performance

Stocks staged a strong rebound on Monday, recovering from Friday’s steep sell-off triggered by a series of market-jolting developments — including a disappointing jobs report, newly imposed tariffs, signs of rising inflation, and the dismissal of the Bureau of Labor Statistics commissioner. President Trump kept up the pressure on trade, warning Monday of potential tariff hikes on India.

The S&P 500 rose roughly 1.5% on Monday, breaking a four-day losing streak, with over 80% of its components finishing higher. The Nasdaq Composite, driven by tech stocks, rallied nearly 2%, while the Dow gained about 585 points, recovering its losses from Friday. The small-cap Russell 2000 also surged, climbing more than 2%.

Economic Takeaways –

• President Trump said on Monday he will “substantially” raise tariffs on India.
• The labor market remains a focal point after Friday’s jobs report came in well below expectations. The U.S. added just 73,000 jobs last month, missing forecasts for 100,000.
• Expectations of a September rate cut rose to 83.4% early Monday, according to the CME FedWatch Tool, from under 40% Thursday.
• President Trump fired Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer late Friday, speculating that the data released was inaccurate.
• Federal Reserve Governor Adriana Kugler said she would step down before her term ends in January.
• Commerce Secretary Howard Lutnick is recruiting CEOs for a potential delegation to join President Trump’s meeting with President Xi, The New York Times reported, and the passenger list could have market implications.

Gold –

• Gold prices rose for a third straight session on Monday after last week’s economic data fueled expectations of interest rate cuts by the U.S. Federal Reserve.
• Spot gold rose 0.3% to $3,372.15 per ounce as of 0146 p.m. ET (17:46 GMT), its highest level since July 24. U.S. gold futures settled 0.8% higher at $3,426.4.
• “The odds are stronger now for a rate cut in September and even stronger for another rate cut in December. That coupled with the headwinds of inflation, I think is pretty bullish for gold,” said Daniel Pavilonis, senior market strategist at RJO Futures.

Oil –

• Oil prices fell to their lowest levels in a week on Monday after OPEC+ agreed to another large output increase in September, adding to oversupply concerns after U.S. data showed lacklustre fuel demand in the top consuming nation.
• Brent crude futures fell 91 cents, or 1.3%, to settle at $68.76 a barrel.
• S. West Texas Intermediate crude declined by $1.04, or 1.5%, to close at $66.29 a barrel.
• The Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day (bpd) for September.

Crypto –

• Cryptocurrency markets were rallying on Monday, led by notable Ethereum outperformance.
• Coinbase (COIN) faced a downgrade from analysts at Compass Point, who questioned the sustainability of its current valuation. Compass Point lowered its rating on Coinbase from Neutral to Sell and cut the price target from $330 to $248 per share — representing a 21% drop from Friday’s closing price.
• The top gainers in the past 24 hours include MemeCore (CRYPTO: M), Mantle (CRYPTO: MNT) and Litecoin (CRYPTO: LTC).

Palantir Stock Surges After Company Reports First Billion-Dollar Quarter

Palantir (PLTR) shares soared in after-hours trading Monday after the company reported strong second-quarter results that beat analyst expectations across the board, with revenue topping $1 billion for the first time.

“The growth rate of our business has accelerated radically,” said CEO Alex Karp. “Yet we see no reason to pause, to relent, here.”

The defense tech firm posted earnings per share of $0.16, surpassing estimates of $0.14 and marking a 77% jump from the same period a year ago. Revenue reached $1.004 billion, beating analyst forecasts of $939.25 million and rising 48% year over year.

U.S. commercial revenue came in at $306 million, up 93% from a year ago, while U.S. government revenue hit $426 million, a 53% increase. Both figures topped Wall Street estimates of $273 million and $391 million, respectively.

Back in May, Palantir’s stock dropped 12% following its first-quarter report, as investors raised concerns about valuation and weak performance in its international commercial segment, despite revenue exceeding expectations.

This time, sentiment was different. Palantir raised its full-year 2025 revenue guidance to between $4.14 billion and $4.15 billion, well above Wall Street’s projection of $3.91 billion. The company also reported $2.27 billion in total contract value for the quarter — up 140% year over year.

In a letter to shareholders, Karp credited the company’s AI capabilities as a major growth driver.
“It has been a steep and upward climb — an ascent that is a reflection of the remarkable confluence of the arrival of language models, the chips necessary to power them, and our software infrastructure,” he wrote, “one that allows organizations to tether the power of artificial intelligence to objects and relationships in the real world.”

CFTC to Permit Spot Crypto Trading on Registered Futures Exchanges

(Reuters) – The Commodity Futures Trading Commission announced Monday it will now permit the trading of spot crypto asset contracts listed on futures exchanges registered with the agency.

Under President Donald Trump’s administration, the digital asset sector has gained momentum, thanks to legislation like the GENIUS Act and CLARITY Act, which have brought greater regulatory clarity.

According to CFTC acting chairman Caroline Pham, the commission will facilitate immediate trading of digital assets at the federal level, in coordination with the Securities and Exchange Commission’s “Project Crypto.”

The CFTC has also invited input from market participants on the process for listing spot crypto asset contracts on designated exchanges.

SEC Chair Paul Atkins, meanwhile, outlined several crypto-friendly initiatives last week. These include directing SEC staff to create guidance for determining when a crypto token is a security, along with proposals for disclosures and exemptions.

The joint stance by the CFTC and SEC marks a major win for the crypto industry, which has pushed for more tailored regulation.

“Together, we will make America the crypto capital of the world,” Pham said.

 Top Gainers

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

CommScope Holdings (COMM) +86.26%

IDEXX Laboratories (IDXX) +27.49%

Energizer Holdings (ENR) +26.69%

American Eagle (AEO) +23.65%

Viasat, Inc. (VSAT) +22.32%

Top Losers

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

TG Therapeutics (TGTX) -17.99%

ON Semiconductor (ON) -15.58%

Krystal Biotech, Inc. (KRYS) -14.04%

HNI Corp. (HNI) -10.39%

Bruker Corporation (BRKR) -8.62%

Notables

• Opendoor (OPEN) jumped 16% Monday morning ahead of its Q2 earnings release. As noted by colleague Jake Conley, renewed investor interest has been fueled by a bullish case from EMJ Capital and speculative enthusiasm on Reddit.
• Palantir (PLTR) climbed 2% after announcing a major U.S. Army contract that consolidates over 75 deals into a $10 billion package over 10 years. The AI and defense software firm is set to report earnings after the bell. In post-close action, shares rose another 4% as Q2 earnings topped estimates, with adjusted EPS of $0.16 on $1 billion in revenue, beating expectations of $0.14 and $940 million.
• Tesla (TSLA) rose more than 2% after shareholders approved of a new $29 billion pay package for CEO Elon Musk, aimed at gradually increasing his voting power. The plan is central to keeping Musk committed to the company, according to a special committee filing.
• Joby Aviation (JOBY) gained 5% in premarket trading after announcing it will acquire Blade Air Mobility’s helicopter rideshare business for up to $125 million, expanding its access to air terminals in key markets like New York City. Blade Air (BLDE) shares soared nearly 30% on the news.
• Tyson Foods (TSN) added 4% after beating fiscal Q3 expectations and raising its full-year revenue outlook. The company cited strong chicken demand helping offset weaker beef profits due to high cattle costs.
• Wayfair (W) surged 10% in early trading after reporting its strongest revenue growth and profitability since 2021.
• Vertex Pharmaceuticals (VRTX) fell 14% despite beating Q2 expectations with adjusted EPS of $4.52 on $2.96 billion in revenue. Analysts had expected $4.26 per share on $2.91 billion.
• Hims & Hers Health (HIMS) slid 12% after issuing disappointing Q3 guidance. The company projected adjusted EBITDA of $60–$70 million, below the $77 million forecast from StreetAccount.
• American Eagle (AEO) shares soared after President Trump praised Sydney Sweeney’s campaign with the company.

What to Watch Ahead

On Tuesday, investors will be focused on a fresh batch of earnings reports. Pfizer, Yum! Brands, and Fox are set to report before the opening bell, while Snap, Advanced Micro Devices, and Rivian will release results after the market closes.

Attention will also turn to economic data due in the morning, including updates on the U.S. trade deficit and purchasing activity.

McDonald’s (MCD) and Disney (DIS) earnings land on Wednesday.