Market Snapshot for Monday August 11th, 2025
S&P 500 – 6,373.45 (-0.25%)
NASDAQ – 21,385.40 (-0.30%)
Dow Jones – 43,975.09 (-0.45%)
Market Performance
Stocks fell on Monday after reports surfaced that President Trump granted a 90-day extension before implementing steeper tariffs on China, pushing the deadline to Nov. 9 as negotiations for a comprehensive trade deal continue. Investors also braced for Tuesday’s closely watched inflation data.
The Dow Jones Industrial Average (^DJI) slid 0.5%, the S&P 500 (^GSPC) lost 0.2%, and the tech-heavy Nasdaq (^IXIC) reversed early gains to close down 0.3%. Markets weakened further in the afternoon after confirmation from Trump of the tariff delay.
In a related move, the president also said he would permit Nvidia to sell its H20 chip to China for a revenue cut in exchange.
“This [H20] is an old chip that China already has,” Trump said on Monday, noting the agreement does not extend to Nvidia’s next-generation Blackwell.
Economic Takeaways –
- President Trump granted China another 90-day tariff deadline extension on Monday.
- Bond yields are lower, with the 10-year U.S. Treasury at 4.27%, down from its July peak near 4.50%.
- The Relative Strength Index (RSI)finished around 62 Friday for the S&P 500 index, well under the 70 level that signals overbought conditions, but still relatively high.
- The S&P 500 saw improved market breadth last week, with 56% of stocks trading above their 50-day moving averages by Friday—up from the prior week but still well below last month’s peak near 75%. Market breadth reflects how broadly buying and selling are spread across the market.
- The odds of a Federal Reserve rate cut next month stand at approximately 86.5%, per the CME FedWatch Tool.
- President Donald Trump announced Monday that his administration is exploring the possibility of reclassifying marijuana as a less dangerous drug, which could lead to reduced criminal penalties.
Gold –
- On Monday, Trump clarified that gold will not be tariffed. Last Friday gold futures touched intraday record highs amid reports that imports of Swiss gold bars would not be exempt from tariffs.
- The precious metal declined more than 2% to trade near $3,404 per ounce.
Oil –
- Oil settled flat on Monday after falling more than 4% last week, as investors looked towards talks this week between the U.S. and Russia over the war in Ukraine.
- Brent crude futures settled up 4 cents, or 0.06%, at $66.63 a barrel.
- U.S. West Texas Intermediate crude futures settled up 8 cents, or 0.13%, at $63.96.
Crypto –
- Bitcoin surged on Monday to trade near record highs as investor enthusiasm and momentum around crypto grew. The digital token reached $122,000 on Monday before easing to around $120,000.
- Cryptocurrency exchange Bullish, backed by billionaire Peter Thiel, has increased the size of its initial public offering (IPO), now aiming for a nearly $5 billion valuation.
Trump Grants 90-Day Tariff Extension as US-China Talks Continue
President Trump on Monday signed an executive order granting a 90-day extension on additional tariffs against China that were slated to take effect Tuesday, according to multiple reports. The move delays the imposition of the steepest duties on Chinese imports until Nov. 9, as Washington and Beijing work toward a broader trade agreement.
CNBC, The Wall Street Journal, and The Washington Post all reported the order’s signing. The White House did not immediately respond to a request for comment.
Under the extension, the headline rates set in May — 30% on Chinese imports and 10% on US goods — will remain in place, avoiding a reversion to triple-digit tariff levels. However, sector-specific duties on products such as steel and certain medical supplies will keep overall trade barriers elevated.
July CPI Expected to Show Faster Inflation Amid Tariff Pressures
July’s Consumer Price Index, set for release Tuesday at 8:30 a.m. ET, is forecast to reveal a pickup in annual inflation as President Trump’s tariffs begin to filter more visibly into consumer prices.
Economists polled by Bloomberg expect headline CPI to rise 2.8% year over year, up from June’s 2.7% increase. On a monthly basis, prices are projected to climb 0.2%, slowing slightly from June’s 0.3% gain, helped by lower gasoline costs and softer food inflation.
Core CPI, which excludes food and energy, is expected to edge up to 3.0% from 2.9% in June — a sign that goods-related price pressures are no longer being offset by easing services costs.
Top Gainers
Several stocks experienced significant gains. Some of the top gainers included:
Tegna, Inc. (TGNA) +29.78%
SoundHound AI (SOUN) +17.34%
RadNet, Inc. (RDNT) +16.19%
Bausch Health Companies (BHC) +15.83%
ZIM Integrated Shipping Services (ZIM) +14.90%
Top Losers
The top US stock losers today, based on percentage change included:
Monday.com Ltd. (MNDY) -29.80%
C3.ai, Inc. (AI) -25.58%
WW International (WW) -12.27%
Newegg Commerce (NEGG) -11.93%
Digital Ocean Holdings (DOCN) -10.56%
Notables
- Memory chipmaker Micron, which supplies its semiconductors to Nvidia to use in its products — saw its stock jump more than 4% Monday after raising its financial outlookfor its fourth quarter, which ends Aug. 28.Top of FormBottom of Form
- Paramount has agreed to a seven-year, $7.7 billion deal to become the exclusive US broadcaster of the Ultimate Fighting Championship (UFC).
- AMC stock jumped 8% in premarket trading after the movie theater chain reported attendance in the second quarter grew nearly 26% as blockbusters drew in moviegoers.
- com stock plunged aorund 20% in premarket trading on Monday after the Israeli-based software company reported earnings.
- Apple (AAPL) briefly surpassed $230 intraday for the first time since March. The stock’s 13% rally last week was fueled by strong recent earnings and Apple’s announcement of a $100 billion investment in U.S. manufacturing. A technical boost also came as shares moved above their 200-day moving average of $221. However, shares dipped slightly Monday morning.
- Nvidia (NVDA) and Advanced Micro Devices (AMD) both slipped early Monday after the Financial Times reported that the two chipmakers would receive export licenses to sell Nvidia’s H20 and AMD’s MI308 chips in China. In return, the U.S. government would collect 15% of revenues from these sales. Nvidia hit its 19th all-time high of the year on Friday and is up 36% year-to-date.
- Wendy’s (WEN) dropped despite beating earnings expectations, as weaker guidance disappointed investors.
- Freeport-McMoRan (FCX) gained after Morgan Stanley upgraded the stock from Equal Weight to Overweight, noting that copper tariffs’ benefits are not fully priced in.
- Intel (INTC) climbed following reports that its CEO is expected to visit the White House today. This comes after President Trump called for the CEO’s removal last week.
- Under Armour (UAA) plunged despite meeting earnings forecasts, as disappointing guidance for declining revenue and operating income this quarter weighed on the stock. The company also cited tariffs as a headwind.
- ai (AI) tumbled after pre-announcing that its Friday results would miss expectations.
- Paramount Skydance (PSKY) rose after Paramount and Skydance completed their merger late last week.
- CoreWeave (CRWV) climbed ahead of its earnings report, with Citigroup expressing confidence in another double-digit revenue beat driven by strong AI demand.
- Albemarle (ALB) jumped after a battery manufacturer reportedly shut down a major lithium mine in China, sparking a rally among lithium producers on speculation Beijing may be curbing overproduction.
What to Watch Ahead
Wall Street is set for a fresh read on how tariffs are feeding into US price pressures, with the Consumer Price Index (CPI) due tomorrow, the Producer Price Index on Thursday, and retail sales data on Friday.
Inflation picked up pace in June, and economists caution that tariffs are likely to keep filtering into the numbers in the months ahead.
Circle (CRCL), the stablecoin issuer that has seen a meteoric rise since its IPO in June, will report quarterly results on Tuesday for the first time since going public.
The stock is up more than 400% from its IPO price of $31 per share as crypto-friendly legislation has lifted the sector.
Pump Radar
Stock Alerts