Stock Market Summary – July 15, 2025

In the US stock market, the crypto sector was hit after crypto-related bills failed to pass a key procedural vote in the House of Representatives, causing shares of Circle, Coinbase, and MARA Holdings to slide. Circle stocks dropped 5%, while Coinbase and MARA Holdings slipped about 2% each. However, it is essential to note that Circle still maintains a sixfold increase from its IPO price. These companies’ stocks took a hit following the House of Representatives’ failure to extend votes on anticipated crypto-related bills. The GENIUS Act aims to set national stablecoin regulations and to establish a path for issuing regulated digital dollars by private companies.

MP Materials’ stock could witness a surge following the Pentagon’s announcement to secure access to the US’s critical minerals to oppose China’s market dominance. The Defense Department agreed to buy a direct equity stake in MP Materials, making the US government its largest shareholder. This action is part of a broader strategy to boost critical mineral production in the US.

Jim Cramer suggests industrial AI data center stocks are making a comeback, naming Eaton and Dover as top plays in the data center trade. Cramer notes that demand for these centers continues to grow due to significant AI-related investments and developments. He also mentions Nvidia shares advanced by 4% following the announcement of filing applications to sell its H20 chips to China.

Ritholtz Wealth Management CEO, Josh Brown, sees the recent earnings reports from JPMorgan and Citigroup in a positive light. Despite shares of JPMorgan falling around 0.8% in afternoon trading, Brown calls it a “forever position,” showing long-term faith in the bank’s performance. Meanwhile, Citigroup’s shares rallied more than 4%, bringing its year-to-date gain close to 30%.

Today’s stock market showed varied numbers, with the Dow falling by 436 points (0.98%), the Nasdaq jumping by 0.18%, and the S&P 500 losing 0.4%. Goldman Sachs has advised investors to avoid certain stocks during this earnings season, with Hershey, Victoria’s Secret, and eBay among the mentioned companies.

The market witnessed a surge in Nvidia’s stock, which climbed by 4% after the US government allowed it to sell H20 chips in China. Citigroup’s shares rose by 3% following a second-quarter EPS and revenue beat. Conversely, Wells Fargo’s shares dropped by 5% after it lowered its net income guidance for 2025, overshadowing its better-than-expected Q2 profits. Other stocks that fell included JPMorgan Chase and BlackRock, which declined due to NII miss and quarterly revenue miss, respectively.

Other notable movers included First Solar, whose shares rose by 6%, and Newmont, whose shares dropped by 8% after its CFO left the company. Other major movers included CoreWeave whose stock jumped by 8% following a $6 billion commitment to building a new AI data center.

Nvidia’s clearance to sell its H20 chips to China has led some analysts to increase their price forecasts for the stock, with Melius Research predicting a possible rise to a $5 trillion market value. Other analysts, however, advised caution and reiterated their previous ratings and price targets.