Stock Market Summary – July 28, 2025

The U.S. District Court has refused a motion by Azoria Capital that sought to compel the Federal Reserve to publicize its meetings on setting interest rates. The decision upholds the long-standing practice of the FOMC conducting its meetings in private. Azoria alleged the Fed is maintaining higher interest rates to undermine President Trump’s economic agenda.

Firefly Aerospace has set a preliminary IPO range that values the rocket maker at $5.5 billion. The Texan-based space company is offering 16.2 million shares priced between $35 and $39 each, which could raise up to $631.8 million. The company is set to list on the Nasdaq under the ticker “FLY”.

European financial stock Deutsche Bank has shown signs of a long-term bullish turnaround, reversing an 18-year downtrend, which is reflected by the rising weekly moving averages. The STOXX Europe 600 Banks Index has gained 41% YTD, outperforming the broader STOXX Europe 600 Index by 30%.

Stocks expected to post considerable shifts in value this week include Roblox, Roku, Beyond, and Carvana, all of which have shown strong YTD performances. Moving off upcoming quarterly earnings reports, Roblox could see an 11.3% share bump, while Roku could gain 9.5%. E-commerce company Beyond and used car retailer Carvana are estimated to gain the most from their earnings, with potential swings of 18.3% and 11.6% respectively.

Despite receiving downgrades from Mizuho and Guggenheim, GE Vernova remains an attractive long-term investment. Although the stock’s valuation was cited as overly high, it has made substantial gains since April. Mizuho revised its price target from $412 to $670 per share, while Guggenheim eliminated their price target but maintained a long-view buy.

Recently, company insiders at BlackRock, QuantumScape, and Goldman Sachs filed significant stock sales with the U.S. Securities and Exchange Commission. Larry Fink, the CEO of BlackRock, reduced his holdings by nearly 10%, selling 26,900 shares at an average price of around $1,120 a share. QuantumScape director Fritz Prinz also sold one million shares at an average price of $11.62 per share. Goldman Sachs’ CFO, Denis Coleman, meanwhile, sold 9,500 shares at an average of $724.44 per share, reducing his holdings by almost 30%.

On another part of the market, 2025 could be the year when utilities join the growth team. The surge in electricity use, tied especially to artificial intelligence (AI), has seen data centers become major power users, expected to need 11% of America’s electricity supply by 2030, up from 4.5% now. This change has been driving utility stocks ever higher.

JPMorgan traders believe that the market will continue its upward trend at least until the end of August, when Nvidia reports its earnings – a possible catalyst for a sell-off.

In more international news, following the recent trade agreement with the EU, President Trump announced that most products – including cars – will face a 15% import tax. This is less than he had originally called for but is more than the 10% tax that the EU had hoped for. Early signs are that both parties seem to have arrived at a compromise.

Finally, movie theaters have been getting a boost, with “Superman” and “F1” both breaking the $500 million box office barrier this past weekend.