Stock Market Summary – May 15, 2025

Coinbase has confirmed an ongoing investigation by the U.S. Securities and Exchange Commission (SEC) into whether it overstated its user numbers, which the company claims to be over 100 million. This led to a drop in Coinbase’s stock by 6%. The company has been under pressure due to a hacking incident which is expected to cost Coinbase up to $400 million.

Despite operational issues at Coterra Energy which led to a 9% fall in its stock, overall stocks are rising with the S&P 500 heading towards its fourth consecutive gain and the Nasdaq Composite aiming for its seventh straight positive session. Major companies like Cisco Systems, Walmart and Deere posted better-than-expected earnings which boosted market sentiment.

CoreWeave shares remained flat despite the CEO confirming plans to spend on growth. The company announced plans for a capex of $20 billion to $23 billion for the year, which topped a $4.61 billion estimate for the year from analysts. The stock ended up slightly by 5%.

Major stock indexes like the S&P 500 had a strong week, rising more than 4%, the Dow Jones Industrial Average grew nearly 2%, and the Nasdaq Composite rose over 6%. Individual stock movements were also positive with Nvidia shares turning positive for the year.

D1 Capital, overseen by Dan Sundheim, dumped heavyweight tech and media giants like Meta Platforms and Spotify shares worth over $140 million each in the first quarter. However, it picked up new positions in food and financial stocks such as Charles Schwab and Bank of America, with holdings worth nearly $341 million and roughly $304 million respectively.

It’s worth noting that the Dow, S&P, and Nasdaq numbers were not provided in the article provided.

The stock market was mixed on May 15, with some stocks experiencing significant price fluctuations due to various news impacts. Walmart saw a slight drop in its shares by 1% as the company’s first-quarter revenue fell slightly short of expectations, despite an earnings beat. The retailer expressed concerns about a potential hike in prices due to tariffs.

Shares of UnitedHealth plunged by 15% following Wednesday’s report that the company is being investigated by the Department of Justice for potential Medicare fraud. The company’s shares have lost almost half their value this year following a string of setbacks.

The sporting goods retailer, Dick’s, saw its shares tumble by 14% after it announced plans to acquire rival Foot Locker for $2.4 billion. In contrast, Foot Locker’s shares rallied by 85% on the announcement.

Shares of the financial technology stock Fiserv plummeted 13% as its second-quarter growth fared similarly to the first quarter’s pace. Meanwhile, shares of the network technology company Cisco surged nearly 6% following better-than-expected third-quarter earnings.

CoreWeave, an artificial intelligence infrastructure company, saw a 5% surge in its share prices post its earnings report. Likewise, the retailer Boot Barn’s shares rose almost 17%, despite missing fiscal fourth-quarter estimates.

Reports from CNBC suggest fatigue among retail investors, indicating limited opportunities for upward movement in U.S. equities. The uncertainty from President Donald Trump’s tariff policies has had a significant impact on the start of the year with the S & P 500 tumbling 18.9% between February and early April. Since then, the index has climbed 18.5%, while the Dow Jones Industrial Average and Nasdaq Composite have respectively fallen 1.5% and 1.6% this year.