Evening Market Recap

Sophia Reyes · July 15, 2025 5:05 PM

Market Snapshot for Tuesday 7-15-2025

Dow Jones – 44,023.29 (-0.98%)
NASDAQ – 20,677.80 (+0.18%)
S&P 500 – 6,243.76 (-0.40%)

Market Performance

The Dow Jones Industrial Average declined on Tuesday as concerns over U.S. inflation and uneven earnings from major banks weighed on the blue-chip index. In contrast, the Nasdaq Composite saw modest gains, helped by strength in Nvidia.

The Dow shed 436 points, or 0.98%, while the S&P 500 dipped 0.4% after pulling back from an earlier record high. The Nasdaq rose 0.18%, driven by a 4% jump in Nvidia shares after the chipmaker announced plans to “soon” resume H20 GPU shipments to China.

Economic Takeaways –

• June’s inflation report, released Tuesday, showed a monthly rise despite headline figures aligning with expectations. The consumer price index (CPI) increased 0.3% for the month, bringing the annual rate to 2.7%—in line with a Dow Jones consensus estimate. Core CPI, which strips out volatile food and energy costs, rose 0.2% month-over-month, slightly below forecasts, while the year-over-year rate hit 2.9%, matching projections.
• On Saturday, President Trump announced a 30% tariff on imports from the European Union and Mexico, set to take effect on August 1.
• The S&P 500 is projected to post a blended earnings growth rate of 4.3% on a year-over-year basis, according to FactSet data.
• The S&P 500 has posted 55 days above its 20-day moving average, the longest such streak going back to January 2021 when it was 56 days, according to BTIG.

Gold –

• Gold continued to ease because of tariff uncertainty.
• Morgan Stanley, Goldman Sachs, and UBS are recommending to buy gold after Trump’s latest tariffs.

Oil –

• Oil slipped as Trump’s 50-day deadline for Russia eases supply fears.
• Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump’s 50-day deadline for Russia to end the war with Ukraine and avoid sanctions eased concerns about any immediate supply disruption.
• Brent crude futures settled down 50 cents, or 0.7%, at $68.71 a barrel. U.S. West Texas Intermediate crude futures were down 46 cents, or 0.7%, at $66.52.

Crypto –

• Bitcoin dipped as the June CPI report revealed sticky inflation. The coin hovered under $117,000.

Trump-Backed Crypto Bills Stumble in House, Digital Asset Stocks Retreat

A series of digital asset bills supported by former President Donald Trump failed to pass a critical procedural vote in the House of Representatives on Tuesday. The motion was defeated with a 196–223 vote, as 13 Republicans broke ranks to join Democrats in opposition.

The setback came despite Trump’s public push for support earlier in the day. “The House will soon VOTE on a tremendous Bill to Make America the UNDISPUTED, NUMBER ONE LEADER in Digital Assets – Nobody does it better!” he posted on Truth Social.

Following the failed vote, crypto-related stocks fell. Circle Internet Group dropped 4%, while Coinbase Global slipped 1%. Bitcoin also declined, falling more than 2% on the day and dipping below the $117,000 mark.

McDonald’s Snack Wrap Sparks Online Buzz, Says Wolfe Research

McDonald’s reintroduced Snack Wrap is generating significant social media chatter, according to a new note from Wolfe Research.

“We think excitement for Snack Wraps … positively contributed to brand buzz/momentum to start 3Q,” wrote Greg Badishkanian, head of Wolfe’s consumer team, in a Tuesday update to clients. “But are waiting to see what happens after initial trial.”

The fan-favorite chicken wrap returned to menus last week after being discontinued in 2016. Early indicators from social media and industry sources suggest the item is off to a strong start. Badishkanian added that the Snack Wrap could outperform the recently launched McCrispy strips, thanks to built-up demand and its legacy as a beloved menu option.

Despite the positive reception, McDonald’s shares slipped slightly on Tuesday, threatening to end a four-day winning streak. The stock remains up more than 3.5% for the year.

BlackRock CEO Larry Fink Says He’s a ‘Huge Buyer’ of Company Stock Despite Q2 Revenue Miss

BlackRock CEO Larry Fink told CNBC on Tuesday that he’s bullish on his company’s future—and its stock—even as shares fell more than 5% following a weaker-than-expected second-quarter revenue report.

“They think our expenses may be too high, and our expenses are all front loaded,” Fink said on Money Movers. “But I’m thrilled where we are. I’m thrilled about our position with our clients.”

“Long term, I’m a huge buyer of BlackRock at these prices,” he added.

Fink also highlighted what he sees as a massive opportunity in artificial intelligence infrastructure, calling it “enormous,” and said infrastructure investing overall is “at the beginning of a golden age.”

AI Announcements…

Google announced plans to invest $25 billion over the next two years in data center and AI infrastructure within the PJM electric grid region—the largest power grid in the U.S. The company will also allocate an additional $3 billion to upgrade two hydropower plants in Pennsylvania to help support the area’s growing electricity demand.

Nvidia said it has submitted applications to the U.S. government seeking approval to resume sales of its H20 GPU chips to China. “The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company stated in a press release.

Amazon-backed Anthropic unveiled new Claude tools tailored for financial services. Under its Financial Analysis Solution offering, Claude will gain real-time access to financial data through providers like PitchBook, Databricks, and S&P Global. According to Anthropic, the tools are designed to assist financial professionals in conducting research, analyzing markets, and making investment decisions.

Top Gainers

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

• MP Materials Corp. (MP) moved higher by 19.99%
• Kingsoft Cloud Holdings Limited (KC) soared by 18.73%
• VNET Group, Inc. (VNET) exploded 14.14%
• Joby Aviation, Inc. (JOBY) surged 10.45%
• BBB Foods, Inc. (TBBB) rose 8.79%
• Baidu, Inc. (BIDU) moved up 8.65%
• Alibaba Group Holding (BABA) rose 8.09%
• QuantumScape Corp. (QS) spiked 7.96%
• GDS Holding Limited (GDS) moved up 7.77%
• Bilibili, Inc. (BILI) surged 7.35%

Top Losers

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

• Newegg Commerce, Inc. (NEGG) moved lower 19.02%
• Encompass Health Corp. (EHC) moved down 10.35%
• Telefonaktiebolaget LM Ericcson (ERIC) sank 7.91%
• RH (RH) fell 7.57%
• State Street Corp. (STT) was down 7.29%
• Bitdeer Technologies Group (BTDR) sank 7.11%
• Ultragenyx Pharmaceuticals (RARE) plummeted 6.94%
• Quantum Computing, Inc. (QUBT) down 6.71%
• CRISPR Therapeutics AG (CRSP) went down 6.54%
• Group 1 Automotive, Inc. (GPI) dragged 6.43%

Notables

• Shares of Southwest Airlines may be due for a pause, according to analysts at Evercore ISI. On Tuesday, the firm downgraded the stock from “outperform” to “in line,” setting a price target of $40 per share.
• Shares of DoorDash fell after analyst John Colantuoni downgraded shares of the food delivery company to hold from buy. His updated price target implies slight upside of about 3% from Monday’s close.
• Shares of First Solar (FSLR), the leading U.S. solar panel manufacturer, jumped 6% after Bloomberg News reported that the U.S. Commerce Department has initiated Section 232 investigations into imports of drones and polysilicon, a key material used in solar panels. These investigations could potentially lead to tariffs if the imports are found to pose a national security risk.
• Mining giant Newmont (NEM) saw its stock tumble 8% following the departure of Chief Financial Officer Karyn Ovelmen, as disclosed by the company.
• JPMorgan Chase (JPM) dipped slightly, falling less than 1%, despite reporting second-quarter earnings that topped analyst expectations. The strong results were driven by solid performance in investment banking and trading revenue.
• Shares of rare earth miner MP Materials (MP) jumped more than 25% Tuesday on a $500 million deal to supply Apple (AAPL) with magnets that are manufactured at a plant in Texas.
• Shares of Citigroup rose after second-quarter results topped Wall Street expectations.
• Nvidia (NVDA) shares rose 4% after the GPU maker revealed it plans to “soon” restart sales of its H20 AI chip to China, pending approval and licensing from the U.S. government.
• Trade Desk (TTD) soared 14% following news from S&P Global that the digital advertising firm will be added to the S&P 500 index on Friday.
• BlackRock (BLK) shares fell around 3% after reporting second-quarter revenue that came in below Wall Street forecasts.

What to Watch Ahead

• Wednesday: PepsiCo (PEP) is scheduled to report.
• Thursday: United (UAL) is expected to release their earnings.
• Friday: American Express (AXP) is on the list.
• Also this week: Netflix (NFLX), ASML, and Taiwan Semiconductor Manufacturing (TSM) will be reporting, giving updates on the AI-related chip boom.