Top Stock Movers – July 11, 2025
U.S. stocks fell midday Friday as President Donald Trump renewed trade tensions, proposing a sweeping 35% tariff on Canadian imports. The announcement rattled equity markets, pushing the Dow Jones Industrial Average, S&P 500, and Nasdaq all into negative territory.The proposed tariffs weighed heavily on shares of Canada-linked firms. Among them, Royal Bank of Canada (RY) and Spotify Technology (SPOT) which is headquartered in Luxembourg but has significant exposure to the Canadian market both saw notable declines.
Elsewhere, shares of Albemarle (ALB) dropped after UBS analysts downgraded the lithium producer, citing concerns about a growing supply glut that could pressure global lithium prices.
Despite the broader market weakness, Nvidia (NVDA) continued its record-setting run. The chipmaker, central to the AI boom, climbed higher again today after recently surpassing a $4 trillion market capitalization joining the ranks of the most valuable companies in history.
Cryptocurrency-related stocks also rallied. MicroStrategy (MSTR), MARA Holdings (MARA), and Riot Platforms (RIOT) moved higher as bitcoin hit another all-time high.
Defense stocks saw upside as well, following remarks from Defense Secretary Pete Hegseth, who pledged to streamline procurement processes and increase Pentagon spending on domestically-produced drones. AeroVironment (AVAV) and Kratos Defense & Security Solutions (KTOS) both rose on the news.
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