Stock Market Summary – July 16, 2025

Shares of online firearms retailer GrabAGun, backed by Donald Trump Jr., tanked by more than 20% in its first day of trading on the New York Stock Exchange (NYSE), despite a high-profile trading debut. Meanwhile, the S&P 500 experienced volatility after rumors that President Trump planned to fire Federal Reserve Chairman Jerome Powell. These rumors were later denied by the President, stabilizing the market.

In other financial news, Goldman Sachs reported better-than-expected results for the second quarter and projected a positive outlook for Wall Street dealmaking. Goldman Sachs shares fluctuated but were hovering around breakeven. The bank reported earnings of $10.91 per share and revenue of $14.58 billion, leading experts to recommend that any pullbacks in the stock should be seen as a buying opportunity.

Elsewhere, the Dow Jones Industrial Average fell by 0.98% due to inflation fears and the first round of second-quarter bank earnings, while the S&P 500 also followed suit, falling by 0.4%. However, the Nasdaq Composite managed to rise 0.18% to reach an all-time high, boosted by a 4% gain in shares of Nvidia.

Regarding loser stocks, crypto stocks experienced a hit after three bills aimed at regulating cryptocurrency failed in the House of Representatives. This caused Bitcoin to fall below $117,000 and the stablecoin issuer Circle and crypto exchange Coinbase to drop 4.5% and 1.5% respectively.

Finally, there were severe worries that a move by President Trump to oust Fed Chair Jerome Powell could lead to destabilization in global markets, potentially causing a collapse in the dollar and US bonds. Despite pushback by Trump on these reports, the US dollar index dropped by nearly 0.8% due to fear of the potential fallout.

Dow, S&P, and Nasdaq numbers were not provided in the articles.

In stock news, notable losers included Morgan Stanley with its shares falling 3.6% despite beating second-quarter estimates. SolarEdge Technologies saw its shares decrease by over 8% after a downgrade from JPMorgan due to the stock’s recent outperformance. ASML’s stock dropped approximately 10% following the warning that it may see no growth in 2026 due to macroeconomics and geopolitics.

On the other hand, there were several prominent gainers. Johnson & Johnson’s shares rose more than 6% following second-quarter results that beat estimates. BitMine Immersion Technologies saw its shares surge 15% after Peter Thiel disclosed a 9% stake in the company through his venture capital fund Founders Fund.

In the crypto market, ether treasury stocks were the largest gainers, including SharpLink jumping 26% and Bit Digital gaining 16%. Bitcoin proxies also advanced, with MicroStrategy up more than 2% and Mara Holdings rising nearly 7%.

Shares of Bank of America increased 2% after its earnings per share for the second quarter beat consensus forecasts. Goldman Sachs shares slipped less than 1% even though second-quarter earnings overshot Street predictions. Commvault Systems shares rose more than 2% after an upgrade from Guggenheim to buy from neutral.

For the oil and gas sector, Coterra Energy might face another trim with U.S. oil prices down over 1% and Jim Cramer advising investors to “keep track of oil.” Disney saw a price target hike to $138 per share from $120 from UBS.

President Donald Trump denied plans to fire Federal Reserve Chair Jerome Powell, calling it “highly unlikely” unless he has to leave for fraud.

In other crypto news, Bitmine’s shares surged after Peter Thiel disclosed a 9% stake through his venture capital firm Founders Fund. Ethereum’s price also continued its rally, up more than 4% Wednesday.

Nvidia CEO Jensen Huang sold another 225,000 shares of the chipmaker, totaling about $37 million, as part of a plan for Huang to sell up to 6 million shares of the company.