Market Summary — Monday, May 12, 2025

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Samiat

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Market Summary — Monday, May 12, 2025
Markets Rally on U.S.-China Trade Truce; Tech, Energy Lead Surge

U.S. markets soared on Monday after the United States and China agreed to temporarily slash tariffs for 90 days, easing investor concerns and sparking a broad-based rally.

  • The S&P 500 climbed 3.3% to 5,844.2, marking its best day since April 9.
  • The Nasdaq Composite jumped 4.4% to 18,708.3, fueled by a tech surge.
  • The Dow Jones Industrial Average rose 2.8%, adding over 1,160 points to close at 42,410.1.
All major sectors finished in the green—except utilities—with consumer discretionary leading the charge, up 5.7%.

Top Gainers​

  • NRG Energy (NRG) skyrocketed 26%, after smashing earnings estimates and announcing a $12 billion acquisition of natural gas assets from LS Power.
  • Stanley Black & Decker (SWK) surged 16%, as relaxed tariffs are expected to lift its earnings outlook.
  • Zebra Technologies (ZBRA) gained over 12%, following the launch of new manufacturing automation products.
  • Old Dominion Freight (ODFL) and J.B. Hunt (JBHT) rose 11% and 10%, respectively, as reduced trade tensions improve the outlook for logistics and shipping.
  • Masco (MAS) rallied more than 11%, driven by optimism around lower input costs.
  • Tech giants rebounded strongly:
    • Amazon (AMZN) soared 8.1%
    • Meta (META) gained 7.9%
    • Tesla (TSLA) rose 6.8%
    • Apple (AAPL) added 6.3%
    • Nvidia (NVDA) jumped 5.4%
    • Alphabet (GOOG) and Microsoft (MSFT) also posted solid gains.

Top Losers​

  • Newmont Corp (NEM) dropped 5.9%, making it the S&P 500’s worst performer, as gold prices slid amid renewed risk appetite.
  • MarketAxess Holdings (MKTX) fell 5.6% after finalizing a majority stake in RFQ-hub.
  • Cigna Group (CI) lost 5.3%, while CVS Health (CVS) also declined, as Trump’s executive order targeting prescription drug prices pressured healthcare stocks, especially those involved in pharmacy benefit management.

Commodities & Treasury Yields​

  • Gold tumbled 3.1% to $3,240.80/oz, while silver edged down 0.4% to $32.77/oz.
  • Oil (WTI) climbed 1.7% to $62.04/bbl, on optimism for increased demand due to improved U.S.-China relations.
  • 10-year Treasury yield rose 8.8 bps to 4.48%, and the 2-year yield jumped 10.7 bps to 4.02%.
 
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