Market Snapshot for Friday 7-11-2025
Dow Jones – 44,371.51 (-0.63%)
NASDAQ – 20,585.53 (-0.22%)
S&P 500 – 6,259.75 (-0.33%)
Market Performance
US stocks pulled back on Friday following President Trump’s threat to impose a 35% tariff on Canadian imports and hints at broad tariffs targeting many other trading partners.
The S&P 500 (^GSPC) slipped 0.3%, and the tech-focused Nasdaq Composite (^IXIC) edged down 0.2%, both retreating from Thursday’s record peaks. The Dow Jones Industrial Average (^DJI) led the declines, falling more than 250 points, or 0.6%. Despite the overall pullback, some sectors stayed strong, including energy.
Economic Takeaways –
- U.S. Treasury yields climbed across the curve Friday, with the 2-year yield rising 2 basis points and the 10-year yield increasing 4 basis points, leading to a slight steepening.
- The U.S. dollar strengthened moderately against major currencies, gaining ground versus the euro, pound, and yen.
- The Cboe Volatility Index (VIX) jumped nearly 7% to just under 17 early Friday, after hitting a five-month low earlier this week. Increased tariff concerns and cautious positioning ahead of a busy market week likely contributed to the rise.
Gold –
- Gold rose on Friday as investors flocked to the safe haven after President Trump announced 25% tariffs on Canada, raising uncertainty over trade policy with US partners.
- In other metal news, silver futures jumped more than 3% on Friday, touching their highest level since 2011. The metal touched $39 per ounce during the session.
Oil –
- Oil gained on Friday as energy traders focused on new tariffs, potential Russia sanctions, and short-term supply hike from Saudi Arabia.
- Brent crude futures rose 1.5% to trade at just under $70 per barrel. West Texas Intermediate futures rose 1.6% to $67 per barrel.
Crypto –
- Bitcoin (BTC-USD) surged past $118,000, maintaining its blistering rally in the cryptocurrency market.
- “At the heart of this rally lies sustained structural inflows from institutional players,” wrote Dilin Wu, research strategist at Pepperstone. “Corporates are also ramping up participation,” he added. The analyst noted companies like Strategy (MSTR) and GameStop (GME) have continued to add bitcoin to their balance sheets.
- This week Trump Media & Technology Group (DJT) filed for approval to launch a “Crypto Blue-Chip ETF”, which would include about 70% of its holdings in bitcoin.
Trump Downplays Inflation Worries, Praises Market Highs Amid Tariff Tensions
President Trump dismissed concerns over inflation while highlighting the stock market’s record highs reached Thursday. Wall Street has surged in recent months, partly fueled by his decision to pause broad trade measures announced in April’s “Liberation Day” event.
“I think the tariffs have been very well-received. The stock market hit a new high today,” Trump said confidently.
However, JPMorgan CEO Jamie Dimon cautioned that the markets might be underestimating the risks. “Unfortunately, I think there is complacency in the markets,” Dimon warned.
Nvidia Edged to Another Record After Historic $4 Trillion Valuation
Nvidia (NVDA) climbed roughly 0.8% on Thursday, setting the stage for yet another record closing.
The AI powerhouse made history by closing with a $4 trillion market valuation—the first publicly traded company ever to reach this milestone. Nvidia now surpasses giants like Apple (AAPL), Microsoft (MSFT), and even Saudi Aramco (2223.SR) in market value. Remarkably, its worth exceeds that of Germany’s entire economy.
To put this into perspective: Nvidia’s valuation is nearly twice the size of the entire Russell 2000 index (^RUT). You’d need to triple Meta’s (META) market cap to equal it, and it’s more valuable than Disney (DIS), Netflix (NFLX), and Comcast (CMCSA) combined.
This meteoric rise has been driven by Nvidia’s dominant position in AI chip technology, fueled by booming demand from hyperscalers and data center builders—translating into explosive earnings growth. Since the beginning of the year, Nvidia’s stock has surged about 23%.
Wedbush Upgrades AMC, Sending Shares Higher
AMC (AMC) surged 9.5% in early trading after Wedbush upgraded the stock from Neutral to Outperform.
Analyst Alicia Reese raised her price target to $4, highlighting that AMC stands to benefit from a steadier stream of movie releases in the coming quarters. She also pointed to AMC’s recent debt restructuring—addressing near-term uncertainties tied to debt maturing in 2026—as a positive catalyst.
Earlier this month, AMC secured $223.3 million in new financing and converted at least $143 million of debt into equity.
The movie theater industry saw a stronger box office performance in Q2, and Reese expects this recovery to continue with more consistent results ahead.
That said, she cautioned, “We do not see substantial growth in the movie theater industry over the next few years.”
Top Gainers
Several stocks experienced significant gains. Some of the top gainers included:
- MiNK Therapeutics, Inc. (INKT) moved higher by 730.14%
- Newegg Commerce, Inc. (NEGG) soared by 71.39%
- Lionsgate Studios Corp. (LION) exploded 19.86%
- NextDecade Corp. (NEXT) surged 16.94%
- VNET Group, Inc. (VNET) rose 14.06%
- Kratos Defense & Security (KTOS) moved up 11.76%
- Levi Strauss & Co. (LEVI) rose 11.25%
- AeroVironment,Inc. (AVAV) spiked 11.04%
- Central Garden and Pet Company (CENTA) moved up 10.61%
- Hesai Group (HSAI) surged 8.64%
Top Losers
The top US stock losers today, based on percentage change included:
- Dave Inc. (DAVE) moved lower 11.88%
- Bitmine Immersion Technologies, Inc. (BMNR) moved down 11.71%
- TransMedics Group, Inc. (TMDX) sank 9.87%
- Quantum Computing, Inc. (QUBT) fell 9.12%
- IonQ, Inc. (IONQ) was down 8.97%
- PENN Entertainment, Inc. (PENN) sank 7.62%
- Recursion Pharmaceuticals (RXRX) 7.61%
- D-Wave Quantum, Inc. (QBTS)) down 7.50%
- OSI Systems, Inc. (OSIS) 7.49%
- Oscar Health, Inc. (OSCR) dragged 7.41%
Notables
- Space and defense technology company Firefly Aerospace on Friday filed for an initial public offering in the United States.
- Shares of lithium producer Albemarle (ALB) fell after a downgrade from UBS, as analysts cited concerns over a global lithium oversupply that could drive prices lower.
- Nvidia (NVDA) continued its winning streak, climbing higher after becoming the first company to reach a $4 trillion market capitalization, fueled by ongoing momentum in AI demand.
- Shares of cryptocurrency-related companies MicroStrategy (MSTR), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) rose as Bitcoin hit a new all-time high.
- Military drone makers AeroVironment (AVAV) and Kratos Defense & Security Solutions (KTOS) advanced following remarks from Defense Secretary Pete Hegseth, who outlined plans to cut regulatory hurdles and ramp up Pentagon spending on domestically produced drones.
- Levi’s (LEVI) shares rose after the retailer raised its annual revenue and profit forecasts.
- Netflix stock has fallen 5.5% in July.
- AMC (AMC) stock gained after Wedbush upgraded shares to Outperform from Neutral. AMC recently signed an agreementto raise $223.3 million in new financing and convert at least $143 million of debt into equity.
- Performance Food’s (PFGC) stock rose on Friday before the bell after news broke that it had attracted takeover interest from US Foods Holding Corp. (USFD).
- Tesla (TSLA) traded flat early Friday after jumping over 4% the day before. The rally followed a Reuters report that the company is seeking regulatory approval to launch its robotaxi service in Arizona.
- Texas Instruments (TXN) gained after TD Cowen upgraded the stock to Buy from Hold, citing greater confidence that the semiconductor inventory correction is nearing an end.
- Shares of Cleveland-Cliffs (CLF) and Freeport-McMoRan (FCX) were down in early trading. Both surged Thursday—CLF by 10% and FCX by 3%—as the materials sector responded positively to newly announced U.S. tariffs on imported metals.
- Norwegian Cruise Line (NCLH), MGM Resorts (MGM), Expedia (EXPE), and Wynn Resorts (WYNN) saw mixed movement early Friday. All rallied Thursday after Delta Air Lines delivered strong earnings and projected mostly positive travel trends. However, a 5% decline in main cabin demand raised concerns about reduced spending from budget-conscious travelers.
- Taiwan Semiconductor Manufacturing (TSM) dipped slightly even after reporting a 39% year-over-year jump in second-quarter sales. While this isn’t TSM’s official earnings release—that’s expected later this month—the results bode well for the broader chip sector.
- Boeing (BA) dipped in early action. The Wall Street Journal reported that Indian authorities are expected to release a preliminary report Friday on the crash of Air India Flight 171, which occurred June 12.
- CoreWeave (CRWV) extended its losses on Friday after dropping 10% on Thursday.
What to Watch Ahead
A rally that has taken U.S. stocks to record highs will be tested in the coming week by the kick-off of corporate earnings season and a key inflation report. Will the market continue to drop on Monday or find some footing?
- Monday, July 14: A quiet start with no major economic data scheduled.
- Tuesday, July 15: June’s CPI and core CPI readings are released along with the Empire State manufacturing survey. Investors will also watch industrial production, capacity utilization data, and remarks from Dallas Fed President Lorie Logan.
- Wednesday, July 16: PPI and core PPI figures for June will be published, alongside the Fed’s Beige Book report.
- Thursday, July 17: Besides weekly jobless claims, look for retail sales data, import price index, Philadelphia manufacturing survey, business inventories, and the home builder confidence index.
- Friday, July 18: The week wraps up with housing starts, building permits, and preliminary consumer sentiment data.
Pump Radar
Stock Alerts