Top Stock Movers – May 27, 2025
Markets surged midday Tuesday as investors welcomed President Donald Trump’s announcement to postpone planned tariffs on European Union imports by 90 days. The Nasdaq jumped 2%, while both the S&P 500 and Dow gained over 1%.Tesla Climbs as Musk Refocuses on Business
Tesla (TSLA) shares moved higher after CEO Elon Musk revealed he would step back from political engagement and dedicate more attention to his companies. The announcement reassured investors and gave the stock a notable lift.
Retail and Tech Stocks React to Tariff Delay
Ross Stores (ROST) and Deckers Outdoor (DECK), both hit earlier by trade tensions, rebounded on the news. Meanwhile, Informatica (INFA) and Salesforce (CRM) rose after Salesforce agreed to acquire the remaining shares of Informatica for $8 billion.
AutoZone Misses the Mark
Auto parts retailer AutoZone (AZO) saw its stock tumble after reporting earnings that fell short of expectations. Weaker demand and unfavorable currency shifts contributed to the disappointing results.
Biotech Blow: Rocket Pharmaceuticals Plummets
Rocket Pharmaceuticals (RCKT) suffered a devastating blow, with shares falling over 50% to an all-time low. The decline came after a patient enrolled in a trial for its Danon disease treatment passed away, prompting the company to suspend the study.
Gold Miners Decline as Prices Fall
The deferral of tariffs put pressure on gold prices, which dropped 2%. That decline pulled down gold mining stocks, including Newmont (NEM), which joined a broader sell-off across the sector.
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