Market Summary - July 10, 2025
Mid-Morning Look
On July 10, 2025, U.S. stocks opened mixed, with small caps and the Dow leading the way, while the S&P 500 and Nasdaq lagged due to weakness in technology stocks. Major indices are holding near record highs following a significant rally since April, as Wall Street assesses the potential impact of tariffs on the economy.
Market Indices
| Index | Change | % Change | Last |
|---|---|---|---|
| DJ Industrials | 82.82 | 0.19% | 44,541 |
| S&P 500 | -6.52 | -0.10% | 6,257 |
| Nasdaq | -93.87 | -0.45% | 20,517 |
| Russell 2000 | 3.27 | 0.15% | 2,255 |
Economic Data
The only significant economic data released today was the weekly jobless claims, which fell to 227,000 from 232,000 the previous week, better than the expected 235,000. The four-week moving average also decreased, while continued claims rose slightly.
Sector Performance
Among the most active sectors:
- Aerospace & Defense: ERJ shares fell due to the 50% tariff on Brazil announced by President Trump. Citigroup initiated a positive catalyst watch on FTAI.
- Software: ORCL was upgraded to Overweight, while PTC shares surged on news of a potential buyout by ADSK.
- Retail: HELE reported a significant sales decline, while COST's total comps showed slight improvement.
Stock Movers
Gainers
- AMD +3%: Upgraded to Buy at HSBC.
- DAL +13%: Reported a quarterly earnings beat and raised guidance.
- KLG +30%: Set to be acquired by Ferrero for $23 per share.
- MP +52%: Announced a partnership with the U.S. Department of Defense.
Losers
- ALT -8%: Downgraded by Goldman Sachs.
- HELE -25%: Missed earnings expectations significantly.
- ERJ -8%: Affected by tariff news.
- MREO -36%: Negative news regarding a clinical trial.
Market Commentary
The market is currently navigating through mixed signals, with strong performances in certain sectors like airlines and technology facing headwinds. The impact of tariffs, particularly on Brazil, is a focal point for investors as they assess potential economic ramifications.