Top Stock Movers – July 08, 2025
Wall Street was mixed at midday Tuesday as investors assessed the latest wave of tariffs from the Trump administration and their broader economic implications. The Dow Jones Industrial Average dipped 0.2%, while the S&P 500 and Nasdaq both hovered slightly in the red.The energy sector saw renewed volatility, particularly among alternative energy names. Enphase Energy (ENPH), First Solar (FSLR), and NextEra Energy (NEE) all fell sharply after President Donald Trump signed an executive order slashing federal support for renewable energy projects, a move expected to reverberate across the solar and wind industries.
Meanwhile, gold miners took a hit as Newmont Corporation (NEM) and peers slipped in tandem with gold prices. Rising bond yields reduced the allure of the non-yielding asset, prompting a retreat from the precious metals sector.
Bank stocks also came under pressure following a downgrade from HSBC. Bank of America (BAC), JPMorgan Chase (JPM), and Goldman Sachs (GS) lost ground as analysts warned that the recent rally in financials may be overdone in light of economic headwinds.
On the upside, Stanley Black & Decker (SWK) gained after Wolfe Research upgraded the stock, citing improving fundamentals in end markets and dismissing earlier concerns about earnings volatility.
In M&A news, GlobalFoundries (GFS) surged after the chipmaker announced the acquisition of AI and processor IP firm MIPS. Though financial terms were not disclosed, the deal signals GFS’s push into high-growth AI infrastructure markets.
Shares of Sequans Communications (SQNS) rocketed higher after the French semiconductor firm disclosed it had raised $384 million to begin acquiring bitcoin, marking a surprising pivot into digital assets.
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