? Market Summary — Monday, May 12, 2025

? Market Summary — Monday, May 12, 2025
Markets Rally on U.S.-China Trade Truce; Tech, Energy Lead Surge

U.S. markets soared on Monday after the United States and China agreed to temporarily slash tariffs for 90 days, easing investor concerns and sparking a broad-based rally.

• The S&P 500 climbed 3.3% to 5,844.2, marking its best day since April 9.

• The Nasdaq Composite jumped 4.4% to 18,708.3, fueled by a tech surge.

• The Dow Jones Industrial Average rose 2.8%, adding over 1,160 points to close at 42,410.1.

All major sectors finished in the green—except utilities—with consumer discretionary leading the charge, up 5.7%.

? Top Gainers

• NRG Energy (NRG) skyrocketed 26%, after smashing earnings estimates and announcing a $12 billion acquisition of natural gas assets from LS Power.

• Stanley Black & Decker (SWK) surged 16%, as relaxed tariffs are expected to lift its earnings outlook.

• Zebra Technologies (ZBRA) gained over 12%, following the launch of new manufacturing automation products.

• Old Dominion Freight (ODFL) and J.B. Hunt (JBHT) rose 11% and 10%, respectively, as reduced trade tensions improve the outlook for logistics and shipping.

• Masco (MAS) rallied more than 11%, driven by optimism around lower input costs.

• Tech giants rebounded strongly:

  • Amazon (AMZN) soared 8.1%

  • Meta (META) gained 7.9%

  • Tesla (TSLA) rose 6.8%

  • Apple (AAPL) added 6.3%

  • Nvidia (NVDA) jumped 5.4%

  • Alphabet (GOOG) and Microsoft (MSFT) also posted solid gains.

? Top Losers

• Newmont Corp (NEM) dropped 5.9%, making it the S&P 500’s worst performer, as gold prices slid amid renewed risk appetite.

• MarketAxess Holdings (MKTX) fell 5.6% after finalizing a majority stake in RFQ-hub.

• Cigna Group (CI) lost 5.3%, while CVS Health (CVS) also declined, as Trump’s executive order targeting prescription drug prices pressured healthcare stocks, especially those involved in pharmacy benefit management.

? Commodities & Treasury Yields

• Gold tumbled 3.1% to $3,240.80/oz, while silver edged down 0.4% to $32.77/oz.

• Oil (WTI) climbed 1.7% to $62.04/bbl, on optimism for increased demand due to improved U.S.-China relations.

• 10-year Treasury yield rose 8.8 bps to 4.48%, and the 2-year yield jumped 10.7 bps to 4.02%.