President Donald Trump sent markets into a tailspin Monday after officially announcing sweeping 25% tariffs on all imports from Japan and <a href="https://www.benzinga.com/topic/tariffs">South Korea, starting Aug. 1. </a>



The new tariffs apply to all goods from the two Asian economies and are in addition to any existing sector-specific duties.



The new 25% tariffs follow earlier duties set on April 2 — 24% for Japan and 25% for South Korea — after the U.S. claimed trade barriers and currency practices raised effective rates to 46% and 50%, respectively. The hike comes after a 90-day negotiation window, announced April 9, which expired without deals.



In official letters sent to both governments, Trump said the tariffs are necessary to correct "unsustainable trade deficits" caused by "years of tariff and non-tariff policies and trade barriers." He added that any goods transshipped to evade the duties will be charged the higher rate.



Trump emphasized the measure was moderate, saying the 25% rate is "far less than what is needed to eliminate the trade deficit disparity." He also invited Japanese and South Korean firms to move production to the U.S., promising quick and professional regulatory approvals.



Trump stated that if trading partners were to raise their own tariffs, the U.S. would match that increase by adding the same percentage to its newly announced 25% tariff rate.



Earlier in the week, U.S. officials a separate deadline for reaching a deal with the European Union — before EU goods are subjected to duties of up to 50% — was set for Wednesday.



The tariff developments comes as the U.S. sets a separate deadline for reaching a trade agreement with the European Union. Without a deal, EU goods could face duties as high as 50%, compounding global trade concerns.



<h1 class="wp-block-heading">Stocks Slip, Dollar Rallies After Sweeping Tariffs</h1>



By midday trading in New York, the S&amp;P 500 dropped 0.9% to 6,220 points, while the Dow Jones Industrial Average tumbled 1.1%, losing more than 450 points to 44,320.



The CBOE Volatility Index (VIX) — also known as the market&#8217;s fear gauge — rallied 11%. Each S&amp;P 500 sector traded in the red with cyclical stocks underperforming. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) was the worst performer in both the S&amp;P 500 and the Nasdaq 100.



The EV giant sank 7.4% after Elon Musk announced the launch of the America Party, a new political movement aimed at challenging both Democrats and Republicans over federal spending in Washington. 



In currency markets, the U.S. dollar index surged 0.6%, marking its strongest session in nearly three weeks, as investors fled to the greenback amid rising global uncertainty.



The greenback jumped over 1% against the Japanese yen and gained 1.2% against the South Korean won.



U.S. Treasury yields moved higher, with the 10-year bond yield climbing four basis points to 4.39%. Higher tariffs typically stoke inflation fears, which in turn can pressure bond prices and lift yields.



Gold pared earlier losses, buoyed by demand for safe-haven assets in the face of rising trade tensions.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down 0.7% to $108,000, extending its streak to 46 consecutive sessions without breaking its all-time high of $112,000.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Nasdaq 100</td><td>22,700.46</td><td>-0.7%</td></tr><tr><td>S&amp;P 500</td><td>6,223.21</td><td>-0.9%</td></tr><tr><td>Dow Jones</td><td>44,321.98</td><td>-1.1%</td></tr><tr><td>Russell 2000</td><td>2,212.65</td><td>-1.6%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 1:00 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) slumped 0.9% to $569.94.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.1% to $443.18.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;slipped 0.8% to $551.92.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1.5% to $219.79.</li>



<li>The&nbsp;Consumer&nbsp;Staples Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, yet down 0.4%; the&nbsp;Energy&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 1.5%.</li>
</ul>



Read Now:



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<li><a href="https://www.benzinga.com/markets/tech/25/07/46276421/broadcom-tesla-mag-7-switch-musk-trump-feud">Musk Chaos Could Oust Tesla From Mag 7, Making Way For Broadcom</a></li>
</ul>



Photo: Shutterstock

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Wall Street Slumps, Dollar Jumps After Trump's Tariff Blitz: What's Moving Markets Monday?

As the Trump-Musk feud shows no signs of abating and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock has fallen more than 20% in just six weeks, questions mount over whether the electric carmaker still deserves its spot among the elite <a href="https://www.benzinga.com/markets/tech/25/07/46273662/no-plan-b-teslas-musk-premium-is-on-thin-ice">&#8220;Magnificent Seven&#8221; tech giants.</a>



On Monday, shares of Tesla plummeted 7.5% after Elon Musk announced his intention to form a new political faction, the &#8220;America Party.&#8221;



<h3 class="wp-block-heading">Broadcom Rises As Tesla Stumbles: Is Time For A Mag 7 Swap?</h3>



Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) might be gaining momentum as a potential replacement for Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) in the so-called "Magnificent Seven" – which also include Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). 



Tesla has dropped to the 11th-largest company in the world by market capitalization, now trailing Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), with a valuation of $937 billion.



Broadcom, meanwhile, has climbed to a market capitalization of $1.320 trillion, making it the eighth-largest globally and seventh in the U.S., right behind Meta.



Broadcom has crushed Tesla on total return over every key period: 



<ul class="wp-block-list">
<li>Year-to-date: Broadcom up 18.5% vs. Tesla down 27.5% </li>



<li>6-month: Broadcom up 18.1%, Tesla down 28.7% </li>



<li>1-year: Broadcom up 59.8%, Tesla up just 18.8% </li>



<li>3-year: Broadcom up 505.9%, Tesla up 28.8% </li>



<li>5-year: Broadcom up 876.2%, Tesla up 263.3% </li>



<li>10-year: Broadcom up 2,467.2%, Tesla up 1,468.1%</li>
</ul>



And that raises a big question: Should Broadcom replace Tesla in the market's most-watched group of U.S. mega-cap tech stocks?



<h3 class="wp-block-heading">Musk's Political Drama Adds To Tesla's Slide</h3>



Until May 2025, Musk was a major ally of President Donald Trump—donating over $100 million during the 2024 Republican campaign and even leading the administration's Department of Government Efficiency.



But everything changed when Trump backed the "Big Beautiful Bill"—a sweeping tax cut and spending plan Musk publicly denounced as reckless.



In early June, Musk launched a wave of attacks on Trump via X, accusing him of "bankrupting America" and calling for the bill to be scrapped. Trump fired back on Truth Social, threatening to cut off government support for Tesla and SpaceX.



Just a month later, Musk escalated again—launching a new political movement, the America Party, aimed at breaking the two-party system. The group is already active, with Tesla CFO Vaibhav Taneja named as its treasurer, according to federal filings.



Now, Tesla is more than an electric car company—it&#8217;s tied to a political campaign. That's a risk many investors didn't sign up for.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The America Party is needed to fight the Republican/Democrat Uniparty <a href="https://t.co/fEqDuddOoI">https://t.co/fEqDuddOoI</a>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1942003079521472760?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46253377/warren-buffett-trading-indicator-sp500-valuations">This Indicator Made Warren Buffett Famous — But It&#8217;s Been Wrong About The Market For Years</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

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Musk Chaos Could Oust Tesla From Mag 7, Making Way For Broadcom

Rocket Lab Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) joined the Russell 1000, and NASA announced a major streaming partnership last week. Here&#8217;s a look at recent highlights, news catalysts, and upcoming events in the <a href="https://www.benzinga.com/news/space/25/06/46185205/rocket-lab-breaks-records-and-stock-up-640-in-past-year-ast-spacemobile-impresses-defense-kuiper-grows">space stock sector. </a>



<h3 class="wp-block-heading">Rocket Lab</h3>



Rocket Lab joined the Russell 1000 index last Monday, reflecting a <a href="https://www.benzinga.com/news/space/25/07/46210595/650-later-rocket-lab-ceo-isnt-one-bit-worried">significant increase</a> in the company&#8217;s market capitalization. The inclusion is based on ranking among the top 1,000 companies by market cap in the Russell 3000 Index.&nbsp;



Keybanc analyst Michael Leshock on Thursday maintained an Overweight rating on Rocket Lab stock and raised the price target from $29 to $40.&nbsp;



Read Next: <a href="https://www.benzinga.com/markets/large-cap/25/07/46223791/elon-musks-stupid-actions-will-be-teslas-nail-in-the-coffin-ross-gerber-warns?utm_source=articleShare">Elon Musk&#8217;s &#8216;Stupid&#8217; Actions Will Be Tesla&#8217;s &#8216;Nail In The Coffin,&#8217; Ross Gerber Warns</a>



<h3 class="wp-block-heading">NASA &amp; Netflix&nbsp;</h3>



NASA and streaming giant Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) announced <a href="https://www.benzinga.com/news/space/25/06/46182689/elon-musk-wants-you-to-stream-rocket-launches-heres-how-to-get-breathtaking-live-views-of-earth">a partnership</a> last Monday to stream NASA+ live programming. 



NASA and Netflix expressed a shared dedication to ushering in a &#8220;Golden Age of Innovation and Expansion,&#8221; with aims to ignite curiosity and inspire future generations.



The partnership will introduce exciting new programming, including:



<ul class="wp-block-list">
<li>Live streams of rocket launches</li>



<li>Real-time astronaut spacewalks</li>



<li>Stunning live footage of Earth from the International Space Station</li>



<li>Comprehensive coverage of space missions</li>
</ul>



&#8220;The National Aeronautics and Space Act of 1958 calls on us to share our story of space exploration with the broadest possible audience,&#8221; NASA+ general manager Rebecca Sirmons <a href="https://www.nasa.gov/news-release/nasa-is-coming-to-netflix-this-summer/?utm_source=TWITTER&amp;utm_medium=NASA&amp;utm_campaign=NASASocial&amp;linkId=835859747">said</a>.



<h3 class="wp-block-heading">Planet Labs</h3>



Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46199452/planet-labs-pl-stock-surges-on-major-defense-contracts">surged</a> last week after the satellite imaging company announced a series of major recent contract wins with global defense and intelligence agencies.



The <a href="https://www.benzinga.com/pressreleases/25/07/b46193767/planet-secures-four-major-wins-for-ai-enabled-solutions-in-the-defense-and-intelligence-sector">agreements</a> include a €240 million contract funded by Germany, which incorporates a multi-year, eight-figure annual renewal for data and AI services.



In the U.S., the Defense Innovation Unit expanded its contract with Planet to provide AI-driven alerts for the Indo-Pacific Command.&nbsp;



The company also <a href="https://www.benzinga.com/pressreleases/25/07/b46193767/planet-secures-four-major-wins-for-ai-enabled-solutions-in-the-defense-and-intelligence-sector">secured</a> a seven-figure expansion with the U.S. Navy for Pacific maritime surveillance and a separate seven-figure deal with NATO for persistent monitoring.



Planet Labs stock is up more than 60% year-to-date.&nbsp;



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Space Stock Watch: Rocket Lab Joins Russell 1000, NASA And Netflix Announce Streaming Deal

After President Donald Trump signed the &#8216;Big Beautiful Bill,&#8217; which reduced incentives for solar and wind power projects, Cathie Wood&#8217;s Ark Invest is making a strong case for nuclear energy, arguing it could become the most cost-effective power source — even as solar has long held that title.



What Happened: The newly enacted bill delivers a significant blow to renewable energy, phasing out critical investment and production tax credits that have been instrumental in the expansion of wind and solar industries since 1992 and 2005, respectively.



Meanwhile, Trump clarified that the U.S. will rely on oil, gas, coal and nuclear to meet its growing energy needs, <a href="https://www.cnbc.com/2025/07/03/trump-one-big-beautiful-bill-oil-gas-coal-solar-wind-ira-tax-incentive-repeal.html">according</a> to a CNBC report.



Amid this, <a href="https://www.benzinga.com/general/market-summary/25/05/45541408/cathie-woods-ark-invest-says-nuclear-energy-could-overtake-solar-as-cheapest-power-source-heres-a-list-of-nuclear-energy-linked-etfs-to-consider">Ark Invest is championing nuclear power</a>. In a recent research note, Sam Korus, Director of Research for Autonomous Technology and Robotics at Ark, contends that despite historical cost challenges, nuclear energy&#8217;s high utilization rates fundamentally alter its cost-competitiveness.



While solar plants typically operate at capacity utilization rates in the low 20%, nuclear plants boast over 80% utilization. This key distinction, when factored in, positions nuclear to potentially outcompete solar on a cost-per-watt basis.



Korus acknowledges solar&#8217;s continued cost decline but points to substantial logistical hurdles, such as the vast land requirements (estimated at 71.4 million acres) and complex real estate negotiations, which could impede large-scale solar deployment and necessitate alternative baseload sources like nuclear.



The tax bill states that only projects commencing construction within 12 months of the bill&#8217;s enactment will receive an exception, creating an urgent 2.5-year window for completion.



See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46267993/lockheed-martin-tops-defense-peers-in-capital-efficiency-but-market-isnt-impressed">Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn&#8217;t Impressed</a>



Why It Matters: As the Trump administration, along with Ark&#8217;s research, sees nuclear energy as a potential beneficiary of the recent policy changes, here is a list of nuclear energy stocks that investors could consider.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Nuclear Energy Stocks</td><td>YTD Performance</td><td>One Year Performance</td></tr><tr><td>Oklo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>)</td><td>145.86%</td><td>623.99%</td></tr><tr><td>Nuscale Power Corp.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>)</td><td>102.60%</td><td>162.09%</td></tr><tr><td>Lightbridge Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTBR#NASDAQ">LTBR</a>)</td><td>150.59%</td><td>213.24%</td></tr><tr><td>Centrus Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEU#NYSE">LEU</a>)</td><td>137.20%</td><td>347.86%</td></tr><tr><td>BWX Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWXT#NYSE">BWXT</a>)</td><td>28.19%</td><td>49.60%</td></tr><tr><td>Constellation Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>)</td><td>28.56%</td><td>44.57%</td></tr><tr><td>Talen Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>)</td><td>34.91%</td><td>140.62%</td></tr><tr><td>Entergy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>)</td><td>8.65%</td><td>56.40%</td></tr></tbody></table></figure>



Meanwhile, here is also a list of clean energy stocks, including <a href="https://www.benzinga.com/25/05/45429266/solar-security-alert-communication-devices-discovered-in-chinese-inverters-heres-the-stocks-that-could-be-affected">solar</a> and wind power firms, that may be affected by the policy change.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Clean Energy Stocks</td><td>YTD Performance</td><td>One-Year Performance</td></tr><tr><td>First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>)</td><td>-0.77%</td><td>-18.53%</td></tr><tr><td>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>)</td><td>14.53%</td><td>65.32%</td></tr><tr><td>Wind Systems (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTCQX">VWDRY</a>)</td><td>28.07%</td><td>-25.79%</td></tr><tr><td>NextEra Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>)</td><td>3.17%</td><td>2.45%</td></tr><tr><td>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)</td><td>-36.91%</td><td>-44.32%</td></tr><tr><td>Ballard Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLDP#NASDAQ">BLDP</a>)</td><td>-3.80%</td><td>-24.03%</td></tr><tr><td>Fluence Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLNC#NASDAQ">FLNC</a>)</td><td>-50.27%</td><td>-51.08%</td></tr><tr><td>iShares Global Clean Energy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLN#NASDAQ">ICLN</a>)</td><td>19.22%</td><td>0.95%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.28% at $623.61, while the QQQ declined 0.43% to $553.83, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46269226/stocks-just-hit-rare-golden-cross-for-1st-time-since-2023-heres-what-it-means-for-investors">Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here&#8217;s What It Means For Investors</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 



Image Via Shutterstock/bombermoon

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Trump's Big Beautiful Bill Slashes Solar Incentives — Cathie Wood's Ark Says Nuclear May Now Be Cheapest Option: OKLO, SMR, LTBR And Other Stocks In Focus

The S&amp;P 500 and Nasdaq 100 indices have formed a &#8220;golden cross&#8221; on their charts, indicating the possibility of a &#8220;long-term bull market,&#8221; according to the experts.



What Happened: According to an iShares MSCI World ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URTH#NYSE">URTH</a>) chart, tracking the MSCI World Index shared by Barchart, global stocks have formed a &#8220;Golden Cross&#8221; for the first time since January 2023.



This comes as the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and the Nasdaq 100 index, respectively, also formed &#8220;golden crosses&#8221; on their charts.



Last time, when URTH formed a golden cross, where the 50-day moving average surpasses the 200-day moving average, the returns rose to 43% over the next two years.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Global Stocks just formed a Golden Cross for the first time since January 2023 &#x1f6a8; The last one sent prices soaring 43% over the next 2 years &#x1f4c8;&#x1f4c8; <a href="https://t.co/uEYq9lZZDC">pic.twitter.com/uEYq9lZZDC</a>&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1935138827716411718?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Historical data dating back to 1975 suggest that the formation of this positive technical indicator on the charts has led the S&amp;P 500 index 88% of the time higher over the next year.



The average return after a &#8220;golden cross&#8221; was 12.29% in the last 50 years, as per the data shared by Subu Trade.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has formed a &quot;Golden Cross&quot; (50 day moving average crossed above 200 day moving average). Here&#39;s every Golden Cross in the past 50 years, and what the S&amp;P did next: <a href="https://t.co/ARrLMwmsWp">pic.twitter.com/ARrLMwmsWp</a>&mdash; Subu Trade (@SubuTrade) <a href="https://twitter.com/SubuTrade/status/1940071700609335571?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



A portfolio manager at Revere Asset Management, Connor Bates, shared QQQ&#8217;s chart and highlighted how the securities have trended upwards after the formation of this cross in the last five years/



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> Golden Cross. A look at what the markets did prior times in the past 5 years. <a href="https://t.co/E0OP3kRH2s">pic.twitter.com/E0OP3kRH2s</a>&mdash; Connor Bates (@ConnorJBates_) <a href="https://twitter.com/ConnorJBates_/status/1937973364166922747?ref_src=twsrc%5Etfw">June 25, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Meanwhile, Ed Yardeni of Yardeni Research said in his QuickTakes note that &#8220;those &#8216;golden crosses&#8217; tend to be bullish breakout patterns, indicating the possibility of a long-term bull market.&#8221;



See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46267993/lockheed-martin-tops-defense-peers-in-capital-efficiency-but-market-isnt-impressed">Lockheed Martin Tops Defense Peers In Capital Efficiency — But Market Isn&#8217;t Impressed</a>



Why It Matters: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, the SPY made a golden cross last week, and its current 50-day moving average of $587.15 was above its 200-day moving average of $582.68.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png" alt="" class="wp-image-974223" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034141/SPY-Golden-Cross-Tech-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Similarly, QQQ made a golden cross on June 23, and its current 50-day moving average of $515.59 was above the 200-day moving average of $503.23.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png" alt="" class="wp-image-974224" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07034158/QQQ-technical-glden-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



After the truncated trading week on Thursday, the SPY was up 0.79% at $625.34, while the QQQ advanced 0.98% to $556.22, according to Benzinga Pro data.



On Monday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 indices were trading lower.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46259795/everyone-talked-about-nvidia-apple-and-tesla-but-this-one-tech-stock-has-left-them-all-behind-in-2025">Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025</a></li>
</ul>



Photo courtesy: Shutterstock

URTH

Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here's What It Means For Investors

Tesla is swimming in contradiction. On the one hand, it&#8217;s a $1 trillion behemoth, rivaling the economy of an entire small nation. On the other hand, investors are jittery: shares are down about 17 % year-to-date, and profits and deliveries have just <a href="https://www.benzinga.com/topic/tesla">hit multi-quarter lows.</a>



The culprit? CEO Elon Musk's escalating political ambitions—and a glaring lack of an alternative CEO.



Read Also: <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">Elon Musk&#8217;s America Party Plans &#8216;Conflict&#8217; With His Full-Time Responsibilities As Tesla CEO, Says Former DOGE Advisor</a>



<h2 class="wp-block-heading">Musk's America Party Rocks Tesla's World</h2>



Tesla's stock dropped nearly 7 % in pre-market trading on Monday after Musk unveiled his "America Party," reviving investor fears that he's losing focus on the automaker's core mission.



Concerns extend beyond political squabbles: analysts like Neil Wilson from Saxo Markets warn that Musk's political distraction could jeopardize subsidies and contracts, potentially pushing the stock from a &#8220;vision premium&#8221; to a governance discount, according to Reuters.



<h2 class="wp-block-heading">No Plan B: Tesla's Leadership Vacuum</h2>



It's not just that Musk might start spending more time with lobbyists than on factory floors. Institutional investors are now demanding that he commit full-time to Tesla<a href="https://www.washingtonpost.com/technology/2025/05/28/musk-tesla-board-succession-plan/">,</a> with a minimum of 40 <a href="https://www.washingtonpost.com/technology/2025/05/28/musk-tesla-board-succession-plan/">hours</a> per week, amid falling profits and stagnating sales, according to The Washington Post.



Tesla has no clear succession plan. There&#8217;s no Tim Cook waiting in the wings—just Tom Zhu's low-profile stint in China. For a company trading at ~180x P/E, that's not just risky &#8211; it's existential.



<h2 class="wp-block-heading">Valuation On Thin Ice</h2>



Tesla's valuation is sky-high:



<ul class="wp-block-list">
<li>P/E (TTM): 180x</li>



<li>Forward P/E: 164x</li>



<li>EV/EBITDA: ~73x</li>



<li>PS ratio: ~11.6x</li>
</ul>



Data Source: <a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0707">Benzinga Pro</a>



At these multiples, markets aren't just pricing in Tesla's EV future &#8211; they're betting Musk stays at the wheel every day. That's a tall order &#8211; even for the world's richest man.



<h2 class="wp-block-heading">The &#8216;Musk Premium&#8217; On Thin Ice</h2>



Tesla's growth story depends not just on innovation &#8211; but on uninterrupted leadership. As Musk flips the script toward politics, the "Musk premium" powering Tesla stock is buckling.



Without a concrete succession plan or a disciplined CEO, that premium could quickly evaporate. And Tesla's valuation may be riding on ice that's about to crack.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46261711/forget-robotaxis-ford-just-drove-straight-into-teslas-valuation-problem">Forget Robotaxis &#8211; Ford Just Drove Straight Into Tesla&#8217;s Valuation Problem</a></li>
</ul>



Photo: Jonathan Weiss on Shutterstock.com

Long Ideas

No Plan B - Tesla's Musk Premium Is On Thin Ice

Russian President Vladimir Putin emphasized the historical bond between Russia and the United States during a recent interview, citing centuries of cooperation that began with America&#8217;s independence struggle.



What Happened: Putin told Russian television host Pavel Zarubin that the two nations &#8220;have always had, for a very long time, very good and special relations,&#8221; according <a href="https://tass.com/politics/1985945">to</a> Russian News Agency TASS. 



He specifically referenced Russia&#8217;s support during America&#8217;s Revolutionary War, stating &#8220;We supported their aspirations for independence from the UK. We actually supplied weapons. We helped them with money.&#8221;



The Russian leader also highlighted Moscow&#8217;s backing of the Union during the Civil War, noting, &#8220;Afterward, we supported the North during the North-South war.&#8221; Putin concluded, &#8220;So in this sense we found things that united us.&#8221;



The comments follow a July 3 phone call between Putin and President Donald Trump, where the Russian president congratulated the U.S. leader on Independence Day and discussed Moscow&#8217;s historical contribution to American statehood, according to the Kremlin.



The White House did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.



See Also: <a href="https://www.benzinga.com/news/politics/25/07/46268640/china-expresses-concern-to-eu-over-russias-potential-defeat-in-ukraine-conflict-amid-fears-that-trump-would-do-this-report">China Expresses Concern To EU Over Russia&#8217;s Potential Defeat In Ukraine Conflict Amid Fears That Trump Would Do &#8216;This&#8217;: Report</a>



Why It Matters: This diplomatic outreach comes amid complex U.S.-Russia relations. Trump has oscillated between praise and criticism of Putin, recently calling him &#8220;absolutely crazy&#8221; after Russian <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">airstrikes on Ukraine in May</a>. 



The president has also signaled the potential for tougher sanctions on Russia while simultaneously <a href="https://www.benzinga.com/25/05/45604616/trump-blasts-putin-as-absolutely-crazy-after-deadly-russian-airstrikes-on-ukraine-signals-possible-shift-toward-tougher-sanctions">pushing for ceasefire negotiations</a>.



Intelligence cooperation continues despite tensions. Russian spy chief Sergei Naryshkin and CIA Director John Ratcliffe have agreed to maintain direct communication channels, with their last known <a href="https://www.benzinga.com/news/politics/25/06/46163974/russian-spy-chief-and-cia-director-ratcliffe-agree-to-call-any-time-amid-tensions-report">conversation occurring in March</a>.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/07/46268414/as-elon-musks-rift-with-donald-trump-deepens-former-google-executive-says-maga-and-tech-world-cant-thrive-without-each-other">As Elon Musk&#8217;s Rift With Donald Trump Deepens, Former Google Executive Says MAGA And Tech World Can&#8217;t Thrive Without Each Other</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: miss.cabul / Shutterstock.com

Global

Russian President Vladimir Putin Reminds Historic 'Special Relations' With US Against The UK: 'We Found Things That United Us'

U.S. stock futures declined on Monday after scaling fresh records in the previous truncated week. Futures of major benchmark indices were trading lower.



President Donald Trump said that he would be sending out letters to America's trading partners, announcing that <a href="http://market-summary/25/07/46267527/dow-futures-slip-over-100-points-amid-trumps-august-deadline-on-tariffs">tariffs would be back</a> to April 2 levels if there was no progress being made on signing a trade deal with the U.S. by then.



Trump also signed a <a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">sweeping tax and spending bill</a> into law last Friday at a White House July 4 picnic, calling it a historic victory.



This move comes despite projections from the Congressional Budget Office that it will significantly expand the federal deficit and cause millions to lose their insurance coverage. Meanwhile, he also threatened an additional 10% tariff on any country that <a href="https://www.benzinga.com/news/politics/25/07/46267477/trump-threatens-10-additional-tariff-on-all-brics-aligned-nations-says-tariff-letters-drop-at-noon-monday">aligns with BRICS</a>' anti-American policies



The 10-year Treasury bond yielded 4.34% and the two-year bond was at 3.85%. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>-0.17%</td></tr><tr><td>S&amp;P 500</td><td>-0.41%</td></tr><tr><td>Nasdaq 100</td><td>-0.55%</td></tr><tr><td>Russell 2000</td><td>-0.53%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.39% at $622.87, while the QQQ declined 0.58% to $553.01, according to <a href="https://pro.benzinga.com/dashboard">Benzinga P</a>ro data.



Cues From Last Session:



On Thursday, the financial, information technology, and industrials sectors led the gains on the S&amp;P 500, with all sectors closing positively as U.S. stocks settled higher. The S&amp;P 500 even hit record highs following the release of jobs data.



Investor sentiment got a big boost from June's nonfarm payrolls report. It showed the U.S. economy added a robust 147,000 jobs, significantly more than the 110,000 forecast.



This encouraging data helped calm worries that arose from a weak private payroll report just the day before.



Plus, the unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%, marking its lowest point since January 2025.



Tech stocks were at the forefront of this rally, with the &#8220;Magnificent Seven&#8221; companies collectively reaching a market cap of $18.1 trillion.



Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) solidified its position as the world's most valuable company, soaring past a $3.9 trillion valuation, ahead of Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) at $3.7 trillion.



In other news, Tripadvisor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) shares surged around 17% after activist investor Starboard Value acquired a 9% stake in the company.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>1.02%</td><td>20,601.10</td></tr><tr><td>S&amp;P 500</td><td>0.83%</td><td>6,279.35</td></tr><tr><td>Dow Jones</td><td>0.77%</td><td>44,828.53</td></tr><tr><td>Russell 2000</td><td>1.02%</td><td>2,249.04</td></tr></tbody></table></figure>



Insights From Analysts:



Ryan Detrick from Carson Research pointed out that the S&amp;P 500 has made 738 new all-time highs since 1990 till Thursday, suggesting that &#8220;Future returns are actually stronger than the at-any-time returns.&#8221;



He said, &#8220;Many are scared of heights, but history says you shouldn&#8217;t be.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Since 1990, the S&amp;P 500 has made 738 new all-time highs. Future returns are actually stronger than the at-any-time returns. Many are scared of heights, but history says you shouldn&#39;t be. <a href="https://t.co/7bQF08SugU">pic.twitter.com/7bQF08SugU</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1942060247817883806?ref_src=twsrc%5Etfw">July 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



He also pointed out historical data where if the S&amp;P 500 index was up by 5% to 10% in the first half of the year since 1950, the index returned 6.4% on average in the next six months, and it ended with a positive return at least 86.7% of the time.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 up between 5-10% YTD at the midpoint? Final six months higher 13 out of 15 times and full year up 14 out of 15 times. With better than average returns as well. <a href="https://t.co/IsTVtAP1r1">pic.twitter.com/IsTVtAP1r1</a>&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1941923109977698568?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Global stocks, as tracked by the iShares MSCI World ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URTH#NYSE">URTH</a>), <a href="https://www.benzinga.com/markets/equities/25/07/46269226/stocks-just-hit-rare-golden-cross-for-1st-time-since-2023-heres-what-it-means-for-investors">formed a &#8220;Golden Cross&#8221;</a> for the first time since January 2023, according to a chart shared by Barchart. 



This bullish signal, where the 50-day moving average crosses above the 200-day moving average, also appeared on charts for the SPY and the QQQ.



Historically, the last time URTH formed a Golden Cross, returns surged by 43% over the subsequent two years.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Global Stocks just formed a Golden Cross for the first time since January 2023 &#x1f6a8; The last one sent prices soaring 43% over the next 2 years &#x1f4c8;&#x1f4c8; <a href="https://t.co/uEYq9lZZDC">pic.twitter.com/uEYq9lZZDC</a>&mdash; Barchart (@Barchart) <a href="https://twitter.com/Barchart/status/1935138827716411718?ref_src=twsrc%5Etfw">June 18, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Looking back to 1975, a &#8220;golden cross&#8221; on the S&amp;P 500 chart has historically been a strong positive sign, leading to higher returns 88% of the time over the next year. According to Subu Trade, the S&amp;P 500&#8217;s average return after such an event over the past 50 years has been an impressive 12.29%.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has formed a &quot;Golden Cross&quot; (50 day moving average crossed above 200 day moving average). Here&#39;s every Golden Cross in the past 50 years, and what the S&amp;P did next: <a href="https://t.co/ARrLMwmsWp">pic.twitter.com/ARrLMwmsWp</a>&mdash; Subu Trade (@SubuTrade) <a href="https://twitter.com/SubuTrade/status/1940071700609335571?ref_src=twsrc%5Etfw">July 1, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul class="wp-block-list">
<li>No data is scheduled to be released on Monday.</li>



<li>June&#8217;s NFIB optimism index data will be out by 6:00 a.m. ET.</li>



<li>May&#8217;s consumer credit data will be released by 3:00 p.m. ET.</li>



<li>On Wednesday, the wholesale inventories data will be out by 10:00 a.m. ET.</li>



<li>Minutes of the Fed&#8217;s May FOMC meeting will be released by 2:00 p.m. ET.</li>



<li>On Thursday, initial jobless claims data for the week ended July 5 will all be out by 8:30 a.m. ET.</li>



<li>St Louis Fed President Alberto Musalem will speak at 10:00 a.m., and San Francisco Fed President Mary Daly will speak at 2:30 p.m. ET.</li>



<li>On Friday, monthly U.S. federal budget data will be released at 2:00 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) dropped 6.55% as Elon Musk announced the launch of a new political party following the Senate&#8217;s approval of the Big Beautiful Bill. The new tax bill has axed the $7500 EV credit as well as made ZEV or Zero Emission vehicle credits.</li>



<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was 1.68% lower as it announced delaying its second Japanese chips plant while increasing investment in U.S. expansion, influenced by potential Trump tariffs.</li>



<li>WNS (Holdings) Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNS#NYSE">WNS</a>) jumped 12.42% after being acquired by Capgemini for agentic AI-powered operations.</li>



<li>Sharps Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) fell by 0.86% in premarket on Monday, as it named Paul Danner as Executive Chairman last week.</li>



<li>Quantum-Si Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSI#NASDAQ">QSI</a>) declined 11.21% after announcing the pricing of $50 million registered direct offering of common stock.</li>



<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was 0.42% lower after securing a $2.8 billion contract from the U.S. Space Force to develop and produce strategic satellite communications systems.</li>



<li>Sonnet BioTherapeutics Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONN#NASDAQ">SONN</a>) surged 61.22% premarket after announcing a $2.0 million private placement of zero-interest convertible notes and accompanying warrants.</li>



<li>Northern Dynasty Minerals Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAK#NYSE">NAK</a>) climbed 18.57% after announcing that ongoing negotiations with the Environmental Protection Agency (EPA) regarding a potential settlement in the Pebble Mine case.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.53% to hover around $66.85 per barrel.



Gold Spot US Dollar fell 0.83% to hover around $3,309.32 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 0.23% at the 97.4000 level.



Asian markets ended lower on Monday except the South Korea's Kospi index, as India's S&amp;P BSE Sensex, Hong Kong's Hang Seng, and Australia's ASX 200, Japan's Nikkei 225, and China&#8217;s CSI 300 indices fell. European markets were mixed in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/07/46269226/stocks-just-hit-rare-golden-cross-for-1st-time-since-2023-heres-what-it-means-for-investors">Stocks Just Hit Rare Golden Cross For 1st Time Since 2023 — Here&#8217;s What It Means For Investors</a></li>
</ul>



Photo courtesy: godongphoto / Shutterstock.com

SONN

STSS

TRIP

US Stocks Likely To Open Lower After A Week Of Records: Tesla In Focus As Elon Musk Announces America Party

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock plummeted nearly 7% in Monday pre-market trading in response to CEO Elon Musk&#8217;s re-entry into the political landscape amid his ongoing dispute with President Donald Trump over the contentious &#8220;Big, Beautiful Bill.&#8221;



What Happened: The decline follows Musk&#8217;s announcement of the formation of a new political party, in response to the Senate&#8217;s approval of the &#8220;Big, Beautiful Bill.&#8221; This bill has eliminated the $7500 EV credit and rendered the Zero Emission Vehicle (ZEV) credits, a significant revenue source for Tesla, effectively obsolete.



Over the weekend, Musk announced that the party would be named the "America Party" and might concentrate on "just 2 or 3 Senate seats and 8 to 10 House districts." He argued that this would be sufficient to hold the deciding vote on divisive legislation, helping ensure such laws reflect the true will of the people.



However, Elon Musk denied filing for the registration of the political party the Federal Election Commission. 



Trump criticized Musk&#8217;s move as &#8220;a train wreck&#8221; on Truth Social, questioning the necessity for a third political party in the U.S.



SEE ALSO: <a href="https://benzinga.com/personal-finance/entrepreneurship/25/07/46266500/mark-cuban-says-his-children-struggle-with-the-downsides-of-his-wealth-not-that" target="_blank" rel="noreferrer noopener">Mark Cuban Says His Children Struggle With the Downsides of His Wealth: &#8216;Not That They Want To Be Poor, But It Sets An Expectation&#8217;</a>



Why It Matters: This development comes on the heels of Musk&#8217;s decision to establish a political party, which has raised concerns among investors. Former DOGE advisor and Tesla investor, James Fishback, expressed that this move <a href="https://www.benzinga.com/markets/tech/25/07/46268694/elon-musks-america-party-plans-conflict-with-his-full-time-responsibilities-as-tesla-ceo-says-former-doge-advisor">undermines </a>investor confidence in the EV giant. His investment company Azoria Partners also postponed the launch of Tesla Convexity ETF on this note.



Musk stepped away from DOGE in May, a move that benefited Tesla's stock. However, his renewed involvement in politics is now unsettling investors.



The formation of the "America Party" by Musk has elicited <a href="http://The formation of the "America Party" by Musk has elicited mixed reactions among investors, analysts, and loyalists. While some see it as a step in the wrong direction, others believe it's too early to predict the impact on Tesla's brand in the short term">mixed reactions</a> among investors, analysts, and loyalists. While some see it as a step in the wrong direction, others believe it&#8217;s too early to predict the impact on Tesla&#8217;s brand in the short term.



"Very simply Musk diving deeper into politics and now trying to take on the Beltway establishment is exactly the opposite direction that Tesla investors/shareholders want him to take during this crucial period for the Tesla story," stated Dan Ives, the lead technology analyst at Wedbush. 



<ul class="wp-block-list">
<li>READ MORE: <a href="https://www.benzinga.com/markets/tech/25/07/46268433/teslas-full-self-driving-tech-under-fire-again-after-robotaxi-nearly-hits-parked-vehicle-report">Tesla&#8217;s Full Self-Driving Tech Under Fire Again After Robotaxi Nearly Hits Parked Vehicle: Report </a></li>
</ul>



Image via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Stock Falls Over 6% In Monday Pre-Market: What's Going On?

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index was in the &#8220;Extreme Greed&#8221; zone on Thursday.



U.S. stocks settled higher on Thursday, with the S&amp;P 500 hitting record highs following the release of jobs data



Investor sentiment was boosted by June&#8217;s nonfarm payrolls report, which showed the U.S. economy added 147,000 jobs, well above the 110,000 forecast. The data helped ease concerns stoked by a weak private payroll report just a day earlier. The unemployment rate dipped to 4.1% from 4.2%, also beating forecasts for a rise to 4.3%. It marks the lowest unemployment rate since January 2025.



Tech stocks led the charge, with the so-called Magnificent Seven reaching a combined market cap of $18.1 trillion. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) solidified its lead as the world&#8217;s most valuable company, surpassing a $3.9 trillion valuation, ahead of Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) at $3.7 trillion.



Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) shares jumped around 17% on Thursday after activist investor Starboard Value acquired a 9% stake in the company.



All sectors on the S&amp;P 500 closed on a positive note, with financial, information technology and industrials stocks recording the biggest gains on Thursday.



The Dow Jones closed higher by over 344 points to 44,828.53 on Thursday. The S&amp;P 500 rose 0.83% to 6,279.35, while the Nasdaq Composite climbed 1.02% to 20,601.10 during Thursday's session.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 78.5, the index remained in the &#8220;Extreme Greed&#8221; zone on Thursday, versus a prior reading of 75.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



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Photo courtesy: Shutterstock

Pre-Market Outlook

S&P 500 Hits Record High Following Upbeat Jobs Report: Fear & Greed Index In 'Extreme Greed' Zone

Leading cryptocurrencies rose on Sunday while stock futures fell as the Trump administration extends tariff deadline.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 10:20 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+0.68%</td><td>$108,984.99</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.76%</td><td>$2,560.46</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+5.30%</td><td>$0.1728</td></tr></tbody></table></figure>



What Happened: Bitcoin surged to an intraday high of $109,731.63, with trading volume jumping by nearly 25% in the last 24 hours.



Ethereum, the second-largest cryptocurrency, reached a high of $2,600 but then fell back to around $2,500.



The rally wiped out $134 million in bearish short positions in the last 24 hours. More than $300 million in downside bets risked liquidation if Bitcoin made a new high.



Bitcoin&#8217;s open interest rose 2.41% in the last 24 hours to $74 billion, while Ethereum recorded a 3.90% jump in funds locked in unsettled derivatives contracts.&nbsp;



The "Greed" sentiment strengthened from 66 to 73 in the last 24 hours, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)



<figure class="wp-block-table aligncenter"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 10:20 p.m. ET)</th></tr></thead><tbody><tr><td>Floki(FLOKI)</td><td>+16.67%</td><td>$0.00008772</td></tr><tr><td>Bonk(BONK)&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+13.94%</td><td>$0.0000225</td></tr><tr><td>Celestia(TIA)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+9.53%</td><td>$1.63 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.36 trillion, surging 3.49% in the last 24 hours.



Stock futures inched lower overnight Sunday. The Dow Jones Industrial Average Futures fell 139 points, or 0.30%, as of 9:40 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 slid 0.43%, while Nasdaq 100 Futures lost 0.53%.



Commerce Secretary Howard Lutnick told reporters that Trump's planned tariffs will take effect on August 1, further extending the previously set July 9 deadline, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-07-06/lutnick-says-trump-s-tariffs-will-take-effect-on-august-1?srnd=homepage-americas">reported</a>.



Stocks have hit new highs lately, with the Nasdaq Composite and the S&amp;P 500 surging 5.48% and 4.65% over the past month.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: A cryptocurrency-focused X account, Oz, with a significant following, predicted Bitcoin to hit $150,000 by late August.&nbsp;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love the fact <a href="https://twitter.com/search?q=%24btc&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$btc</a> will be at or over $150k by late August&#8230; And no one believes it..&mdash; Oz (@AskCryptoWealth) <a href="https://twitter.com/AskCryptoWealth/status/1941999644256403882?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another well-known cryptocurrency analyst, Michaël van de Poppe, anticipated a "massive" altseason, citing the altcoin season index.



"For the past 5 years, the Altcoins Season Index bottomed in the summer, primarily in June of every year. What followed? A strong second half of the year for altcoins," the analyst stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/hashtag/Altcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoin</a> season index is showing that we&#39;re about to fire up a massive altseason. For the past 5 years, the <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> Season Index bottomed in the Summer, primarily in June of every year. What followed? A strong second half of the year for Altcoins. Given that we&#39;re… <a href="https://t.co/gTfrkrqMGh">pic.twitter.com/gTfrkrqMGh</a>&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1941851375572254748?ref_src=twsrc%5Etfw">July 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo: Yalcin Sonat/Shutterstock



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Cryptocurrency

Markets

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Gain As Trump Tariffs Deadline Delayed: 'Massive' Altcoin Season In The Works, Says This Analyst

U.S. Stock futures slipped on Sunday evening, following the Fourth of July weekend, after President Donald Trump&#8217;s confirmation regarding the reciprocal tariffs that are set to go into effect on August 1, instead of July 9. 



The&nbsp;S&amp;P 500 Futures&nbsp;trade at 6,297.50, down 0.43%, followed by&nbsp;Nasdaq Futures&nbsp;at 22,956.50, down 0.46%, and finally&nbsp;Dow Jones Futures&nbsp;down 0.33%, trading at 44,944.00, at the time of writing this.



This comes amid President Donald Trump saying that he would be sending out letters to America&#8217;s trading partners, announcing that tariffs would be back to April 2 levels, if there was no progress being made on signing a trade deal with the United States by then, according <a href="https://www.cnbc.com/2025/07/06/stock-market-today-live-updates.html">to</a> a report by CNBC.



See Also: <a href="https://www.benzinga.com/news/social-media/25/07/46265991/donald-trump-announces-upcoming-talks-with-china-on-tiktok-we-pretty-much-have-a-deal">Donald Trump Announces Upcoming Talks With China On TikTok: &#8216;We Pretty Much Have A Deal&#8217;</a>



Speaking alongside Trump, Commerce Secretary Howard Lutnick said that the tariffs will go into effect on August 1, adding that &#8220;the president is setting the rates, and the deals, right now,&#8221; to which Trump nodded in approval.



Treasury Secretary Scott Bessent said the same during his appearance on CNN&#8217;s &#8220;State of the Union&#8221; earlier in the day, saying that tariffs will &#8220;boomerang&#8221; back to &#8220;Liberation Day&#8221; levels, &#8220;if things don&#8217;t move along.&#8221;



Japan&#8217;s Nikkei 225 benchmark is down 204 points or 0.51%, trading at 39,608, with engineering, electronics and export-oriented stocks leading the decline.



The U.S. Dollar Index (DXY) is up 0.10%, trading at 97.098 against a basket of currencies, recovering from its lowest levels in over three years last week, hit by <a href="https://www.benzinga.com/markets/market-summary/25/07/46190058/asia-markets-mixed-europe-slips-dollar-weakens-further-as-tariff-deadline-looms-global-markets-today-while-us-slept">growing fiscal concerns</a>, persistent trade uncertainties and expectations of faster rate cuts by the Federal Reserve. 



While there are no noteworthy data releases or economic events on Monday, investors will be closely watching Barnes &amp; Noble Education Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) third quarter results later in the day.



khunkornStudio via Shutterstock



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</ul>

BNED

Dow Futures Slip Over 100 Points Amid Trump's August Deadline On Tariffs

Shares of Elon Musk-led EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) declined in overnight trading amid the <a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need-to-keep-putting-up-with-it">billionaire's feud</a> with President Donald Trump, which began over the latter's &#8220;Big, Beautiful Bill.&#8221;



What Happened: Tesla shares fell more than 5% in overnight trading, currently trading for around $297.70, as per data from Robinhood.



Why It Matters: The news comes in as Musk announced <a href="https://www.benzinga.com/news/politics/25/06/46186733/elon-musk-staging-a-political-comeback-tesla-ceo-sparks-america-party-buzz-as-he-slams-trumps-insane-spending-bill">the launch of a new political party</a> following the Senate's approval of the Big Beautiful Bill. The new tax bill has axed the $7500 EV credit as well as made ZEV or <a href="https://www.benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-stream">Zero Emission vehicle credits</a>, a major revenue stream for Tesla, effectively redundant. 



The billionaire has been <a href="https://www.benzinga.com/news/politics/25/07/46266957/trump-calls-america-party-a-train-wreck-blasts-elon-musk-for-going-completely-off-the-rails-president-says-system-not-designed-for-a-third-player">slammed by Trump</a>, who in a post on Truth Social, called the move "a train wreck" and said that there is no need for a third political party in the U.S.



The move has also invited criticism from experts, with Wedbush Securities analyst and Tesla bull Dan Ives calling it a <a href="https://www.benzinga.com/news/politics/25/07/46267326/elon-musks-america-party-is-a-move-in-the-opposite-direction-says-dan-ives-analyst-gary-black-says-difficult-to-predict-impact-on-tesla-brand-short-term">move in the opposite direction</a> for the EV giant.



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="199" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1-1024x199.jpg" alt="" class="wp-image-974005" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1-1024x199.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1-300x58.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1-768x149.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1-1536x299.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/07004357/TSLA-JUL-7-2025-1.jpg 1569w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Tesla offers satisfactory Momentum while scoring well on the Growth and Quality metrics, but the stock offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!



Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>



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Photo courtesy: Shutterstock

Tesla Shares Fall Over 5% In Overnight Trading As Elon Musk Jumps Back Into Politics

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chief Executive Elon Musk's controversial stint at President Donald Trump's Department of Government Efficiency ended in May, but debate persists over what he gained or lost, and how it affected his businesses.



Elon Musk's father, Errol Musk, recently told <a href="https://x.com/SkyNews/status/1927840326456168919?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1927840326456168919%7Ctwgr%5E8e719785e1bf5a1f15ae066df5103fbf614ab132%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Ffuturism.com%2Ferrol-musk-elon-politics">Sky News</a> that he warned his son against taking part in politics, given both his nature and the realities of political life.



"He's a very straightforward person," the senior Musk said. "He's not terribly complicated at all. He's not a very good conversationalist. He's not a very good politician at all."



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Errol, who often publicly criticizes his billionaire son, said that politics has no boundaries and called it the "deepest pool of human endeavor."



"As I explained to him as well, that politics is a swimming pool that hasn&#8217;t got a bottom, it hasn&#8217;t got sides. No matter which way you go, you are never gonna get to the edge," Errol added.



The two Musks have a strained relationship. In 2017, during an <a href="https://www.rollingstone.com/culture/culture-features/elon-musk-the-architect-of-tomorrow-120850/">interview</a> with Rolling Stone, Elon called his father a &#8216;terrible human being.&#8217;



"My dad will have a carefully thought-out plan of evil. He will plan evil," he said at the time.&nbsp;



Trending: Maximize saving for your retirement and cut down on taxes: <a href="https://www.benzinga.com/money/wiseradvisor-retirement-planning">Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation.&nbsp;</a>



Earlier this year, Errol <a href="https://www.nytimes.com/2025/02/21/style/elon-musk-father-errol-comments.html#:~:text=On%20a%20recent%20episode%20of,five%20sons%20all%20brought%20up.">criticized</a> Elon's parenting during the "<a href="https://www.youtube.com/watch?v=gagYfbwVXFU">Wide Awake</a>" podcast, saying he "hasn't been a good dad."



"He hasn't got the gift of the gab and apart from that, he likes the idea that everyone who works for him must be an A student," Errol said. "And of course, when you work in government you can&#8217;t have that."



Tesla shares are down 14% so far this year as the company's EV deliveries continue to plunge globally. In May, Tesla sales <a href="https://www.reuters.com/business/autos-transportation/teslas-german-car-sales-continue-decline-may-2025-06-04/">fell</a> for the fifth consecutive month in Britain, Germany, and Italy.



Wells Fargo recently <a href="https://www.cnbc.com/2025/06/10/wells-fargo-says-tesla-shares-to-drop-60percent-as-sales-slump-.html?taid=68484d55c5f45e0001b957d3&amp;utm_campaign=trueanthem&amp;utm_content=main&amp;utm_medium=social&amp;utm_source=twitter">said</a> in a note that Tesla shares could drop 60% amid weak deliveries and rising competition. Analyst Colin Langan said Tesla's global deliveries in May fell 23% year over year and added that the company's potential tailwinds, such as autonomous driving, are not likely to offset its delivery declines.



"Most investor attention is directed at the June 12th Austin Robotaxi deployment. We doubt the likely limited debut will be enough to overshadow the poor fundamentals," Langan said. He has a $120 price target for the stock.



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Personal Finance

Elon Musk's Father Says He Warned His Son Against Going Into Politics – 'He's Not a Very Good Politician At All'

These ten large-cap stocks were the worst performers in the holiday-shortened week. Are they a part of your portfolio?



<ol class="wp-block-list">
<li>Centene Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNC#NYSE">CNC</a>) stock fell 37.82% amid a sharp selloff after it withdrew its 2025 <a href="https://www.benzinga.com/node/46209736" target="_blank" rel="noreferrer noopener">GAAP and adjusted EPS guidance</a>. Several analysts downgraded the stock and lowered <a href="https://www.benzinga.com/quote/CNC/analyst-ratings" target="_blank" rel="noreferrer noopener">their price forecasts</a>.</li>



<li>Molina Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) stock declined 17.69% amid a broader selloff in health insurance stocks following Centene&#8217;s <a href="https://www.benzinga.com/node/46209736" target="_blank" rel="noreferrer noopener">withdrawal of forward guidance</a>.</li>



<li>Circle Internet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRCL#NYSE">CRCL</a>) stock plunged 11.64% amid a pullback after recent highs. Several analysts <a href="https://www.benzinga.com/quote/CRCL/analyst-ratings" target="_blank" rel="noreferrer noopener">also initiated ratings on the stock</a>.</li>



<li>Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>) stock dipped 10.78% after the company <a href="https://www.benzinga.com/node/46186497" target="_blank" rel="noreferrer noopener">priced an upsized</a> $650 million debt offering due 2030, $250 million more than initially planned.</li>



<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock lowered 9.92% amid a pullback after recent highs.</li>



<li>AeroVironment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) stock fell 9.6% after the company announced <a href="https://www.benzinga.com/node/46183842" target="_blank" rel="noreferrer noopener">a proposed $750 million common stock</a> offering and $600 million in convertible notes to repay debt and expand manufacturing.</li>



<li>Antero Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) stock declined 8.88% amid concerns that OPEC+ members may increase oil output, putting pressure on crude prices.</li>



<li>Korea Electric Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEP#NYSE">KEP</a>) stock dropped 8.61% after the company reportedly decided to freeze electricity rates for Q3.</li>



<li>Expand Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXE#NASDAQ">EXE</a>) stock lost 8.37% amid pressure on energy names due to speculation around an OPEC+ production hike.</li>



<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) stock decreased 7.37% after it <a href="https://www.benzinga.com/node/46190208" target="_blank" rel="noreferrer noopener">reported a 24.1% year-over-year drop</a> in June deliveries. The broader U.S.-listed Chinese stock sector was also under pressure due to tariff uncertainty as President Trump signaled he may not extend the 90-day tariff pause beyond July 9.</li>
</ol>



Read Next:



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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/07/46265728/nike-datadog-and-snap-are-among-top-11-large-cap-gainers-last-week-june-30-july-4-are-the-others-in-your-portfolio">NIKE, Datadog And Snap Are Among Top 11 Large Cap Gainers Last Week (June 30-July 4): Are The Others In Your Portfolio?</a></li>
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Photo by Robert Way via Shutterstock

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CRCL

Circle Internet, Centene And Li Auto Are Among Top 10 Large Cap Losers Last Week (June 30-July 4): Are The Others In Your Portfolio?

The past week has been a rollercoaster ride in the world of business and tech. From Elon Musk&#8217;s ongoing feud with President Donald Trump to Tesla&#8217;s declining sales in Canada, there&#8217;s been no shortage of drama. Amidst all this, Boeing&#8217;s 737 had a midair scare and Tesla confirmed the introduction of new affordable models. Let&#8217;s dive into the details.



China Supports Musk Amid Trump Feud



Elon Musk, CEO of&nbsp;Tesla Inc., has found an unexpected ally in Chinese social media users amidst his ongoing feud with U.S. President Donald Trump. The hashtag #MuskWantsToBuildAnAmericaParty has gone viral on Weibo, China&#8217;s equivalent of Twitter.



<a href="https://www.benzinga.com/news/politics/25/07/46216023/after-trump-warns-elon-musk-to-close-up-shop-china-rallies-behind-worlds-richest-man-theres-no-need">Read the full article here.</a>



Tesla&#8217;s Sales Drop In Canada



Tesla researcher Troy Teslike has highlighted a significant drop in Tesla&#8217;s sales in Canada, predicting GAAP losses for the company starting in Q1 2026. The decline is largely attributed to political controversy.



<a href="https://www.benzinga.com/markets/tech/25/06/46162850/tesla-sales-in-canada-have-dropped-to-nearly-zero-says-researcher-expects-elon-musk-led-ev-giant-may-report-losses-starting-2026">Read the full article here.</a>



See Also:<a href="https://www.benzinga.com/markets/large-cap/25/06/46161226/gary-black-warns-tesla-q2-deliveries-will-disappoint-says-cheaper-models-could-cannibalize-sales-and-see-ideal-re-entry-22-below-current-levels" target="_blank" rel="noreferrer noopener">&nbsp;Gary Black Warns Tesla Q2 Deliveries Will ‘Disappoint' — Says Cheaper Models Could Cannibalize Sales</a>



Boeing 737&#8217;s Midair Scare



A&nbsp;Boeing Co.&nbsp;737-800, operated by Japan Airlines Co., made an emergency landing after a pressurization system failure forced a rapid descent from 32,800 feet. All 191 passengers and crew survived without injuries.



<a href="https://www.benzinga.com/markets/equities/25/07/46214283/boeing-737s-violent-26000-foot-plunge-left-passengers-legs-shaking-as-japan-airlines-flight-make">Read the full article here.</a>



Tesla To Introduce Affordable Models



Amid declining sales, Tesla has confirmed that it will introduce more affordable models to its lineup. &#8220;The accessibility of our products is fundamental to our mission,&#8221; the company stated in its 2024 impact report.



<a href="https://www.benzinga.com/markets/tech/25/07/46212911/amid-declining-sales-elon-musks-tesla-confirms-new-affordable-models-will-be-introduced-this-year">Read the full article here.</a>



BYD Launches Long-Range Trim Of Seagull EV



BYD Co. Ltd., a rival to Tesla, has unveiled a new, longer-range trim of its best-selling car, the Seagull EV, in China. The long-range trim is priced at $11,000 and offers 252 miles of CLTC range on a single charge.



<a href="https://www.benzinga.com/markets/tech/25/07/46187880/tesla-rival-byd-launches-11000-long-range-trim-of-its-best-selling-seagull-ev-as-price-war-heats-up">Read the full article here.</a>



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<li><a href="https://benzinga.com/markets/tech/25/07/46258669/tesla-made-2-76-billion-from-zev-credits-in-2024-in-us-but-trumps-tax-bill-just-killed-this-revenue-" target="_blank" rel="noreferrer noopener">Tesla Made $2.76 Billion From ZEV Credits In 2024 In US But Trump&#8217;s Tax Bill Just Killed This Revenue Stream</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>



Photo courtesy: VTT Studio / Shutterstock.com

Elon Musk's Tesla Troubles, Boeing's Midair Scare And More: This Week In Mobility

The past week has been a whirlwind of political activity, with President Donald Trump making headlines on multiple fronts. From signing a controversial tax and spending bill to announcing tariff hikes, the President has been at the center of several major stories. Here&#8217;s a quick round-up of the top five stories that dominated the weekend.



Trump Signs Tax and Spending Bill 



President Donald Trump signed a sweeping tax and spending bill into law on Friday, a move that the Congressional Budget Office projects will significantly increase the federal deficit and leave millions uninsured. The bill was signed amidst a July 4 picnic at the White House, with Trump declaring it a historic win.



<a href="https://www.benzinga.com/news/politics/25/07/46263434/trump-signs-sweeping-tax-and-spending-bill-that-cbo-says-will-add-3-3-trillion-to-us-deficit-cut-health-coverage-for-11-8-million-americans">Read the full article here.</a>



US to Raise Tariffs 



President Trump announced that his administration will begin informing trading partners about new tariffs on their exports starting this Friday. The tariffs are scheduled to take effect on August 1, with new tariff levels ranging from 10% to 70%. This move is part of Trump's strategy to favor straightforward agreements over complex negotiations.



<a href="https://www.benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms">Read the full article here.</a>



See Also:&nbsp;<a href="https://benzinga.com/news/politics/25/07/46263399/trump-says-us-will-raise-tariffs-to-up-to-70-as-july-9-deadline-looms" target="_blank" rel="noreferrer noopener">Trump Says US Will Raise Tariffs To Up To 70% As July 9 Deadline Looms</a>



Gavin Newsom&#8217;s South Carolina Tour 



California Governor Gavin Newsom is set to embark on a South Carolina tour next week, sparking rumors about his potential presidential run in 2028. The tour, named "On the Road With Governor Gavin Newsom", aims at "building partnerships, uplifting communities, and showing rural voters they aren&#8217;t forgotten."



<a href="https://www.benzinga.com/news/politics/25/07/46256467/gavin-newsom-is-going-to-south-carolina-next-week-to-remind-rural-voters-there-they-arent-forgotten-presidential-run-in-2028-on-the-cards">Read the full article here.</a>



Obama&#8217;s Warning on Health Care



Former President Barack Obama warned that more than 16 million Americans risk losing their health coverage as House Republicans struggle to advance President Donald Trump‘s sweeping tax and spending package that includes significant cuts to Medicaid funding. Obama urged Americans to "call your representative today and tell them to vote no on this bill."



<a href="https://www.benzinga.com/news/25/07/46240012/obama-warns-16-million-americans-could-lose-health-care-as-gop-pushes-trumps-big-beautiful-bill-with-deep-medicaid-cuts">Read the full article here.</a>



Trump Calls for Jerome Powell&#8217;s Resignation



President Donald Trump has publicly demanded the resignation of Federal Reserve Chair Jerome Powell, following accusations from the Federal Housing Finance Agency Director that Powell provided misleading testimony. Trump voiced his demand for Powell's resignation on Wednesday via a post on Truth Social.



<a href="https://www.benzinga.com/news/politics/25/07/46237506/trump-says-jerome-powell-should-resign-immediately-after-fhfa-director-alleges-fed-chair-lied-about-2-5-billion-renovation-plan">Read the full article here.</a>



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<li><a href="https://benzinga.com/news/politics/25/07/46239985/peter-schiff-warns-americans-will-suffer-and-vietnamese-will-enjoy-after-trumps-trade-deal-with-han" target="_blank" rel="noreferrer noopener">Peter Schiff Warns &#8216;Americans Will Suffer&#8217; And &#8216;Vietnamese Will Enjoy&#8217; After Trump&#8217;s Trade Deal With Hanoi</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>



Photo courtesy: Maxim Elramsisy / Shutterstock.com

Politics

Trump's Sweeping Tax Bill, Tariff Hikes, Gavin Newsom's Tour And More: This Week In Politics

As we wrap up another eventful week, the tech world continues to buzz with exciting news and predictions. From Mark Cuban&#8216;s bold forecast about the future of AI to IBM&#8216;s surprising performance, there&#8217;s plenty to catch up on. Let&#8217;s dive into the top stories that caught our attention over the weekend.



Mark Cuban Predicts AI Will Create The First Trillionaire



Billionaire entrepreneur Mark Cuban shared his belief that artificial intelligence (AI) could lead to the creation of the world&#8217;s first trillionaire. During the &#8220;High Performance&#8221; podcast by CNBC, Cuban suggested that the future trillionaire will likely be someone who innovatively harnesses AI. He speculated that this groundbreaking innovation might emerge from an unexpected source.



<a href="https://www.benzinga.com/news/25/07/46263675/mark-cuban-predicts-ai-will-create-the-first-trillionaire-and-it-could-just-be-one-dude-in-the-basement">Read the full article here.</a>



IBM Outperforms Nvidia, Apple, and Tesla in 2025



As Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) became the most valuable publicly traded company, another tech giant, nicknamed &#8216;Big Blue,&#8217; has quietly outpaced the Magnificent 7 and the Jensen Huang-led tech giant in 2025. International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has emerged as one of the most profitable artificial intelligence plays this year.



<a href="https://www.benzinga.com/markets/equities/25/07/46259795/everyone-talked-about-nvidia-apple-and-tesla-but-this-one-tech-stock-has-left-them-all-behind-in-2025">Read the full article here.</a>



See Also:&nbsp;<a href="https://benzinga.com/crypto/cryptocurrency/25/07/46260599/ripples-national-bank-ambition-how-could-it-disrupt-stablecoins-and-traditional-banking" target="_blank" rel="noreferrer noopener">Ripple's National Bank Ambition: How Could It Disrupt Stablecoins And Traditional Banking? Ripple's National Bank Ambition: How Could It Disrupt Stablecoins And Traditional Banking? &#8211; Benzinga</a>



Elon Musk&#8217;s xAI Hires Katie Miller Amid Controversial Permit Win



Elon Musk&#8217;s artificial intelligence startup xAI has hired Katie Miller, wife of President Donald Trump&#8217;s Deputy Chief of Staff Stephen Miller, as a communications manager. This comes just as the company secured a controversial permit for its Memphis data center operations.



<a href="https://www.benzinga.com/markets/tech/25/07/46259534/elon-musks-xai-hires-trump-aide-stephen-millers-wife-katie-amid-controversial-memphis-data-center-permit-win">Read the full article here.</a>



Experts Debate AI&#8217;s Impact On Employment



The impact of artificial intelligence on employment continues to be a hot topic of debate. Market veteran Jim Cramer thinks that &#8220;AI is still not trusted,&#8221; while others see trouble brewing in the labor market due to the automation of several human-led jobs.



<a href="https://www.benzinga.com/markets/tech/25/07/46257861/jim-cramer-contradicts-ai-led-job-cuts-at-white-collar-firms-as-cathie-wood-says-its-hurting-entry-level-jobs-heres-how-experts-debunk-ais-impact-on-employment">Read the full article here.</a>



Dan Ives Urges Apple to Acquire Perplexity AI



Tech analyst Daniel Ives has urged Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to make quick moves and acquire Perplexity AI for its search engine. Ives stated that Apple needs to &#8220;make a move,&#8221; during an interview with CNBC.



<a href="https://www.benzinga.com/markets/equities/25/07/46216283/dan-ives-urges-apple-to-make-a-move-saying-that-perplexity-acquisition-is-a-no-brainer-its-a-matter-of-when-and-not-if">Read the full article here.</a>



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<li><a href="https://benzinga.com/news/25/07/46262296/trumps-big-beautiful-bill-offers-seniors-a-6-000-bonus-tax-deduction-heres-how-you-qualify-for-the-b" target="_blank" rel="noreferrer noopener">Trump&#8217;s &#8216;Big, Beautiful Bill&#8217; Offers Seniors A $6,000 &#8216;Bonus&#8217; Tax Deduction: Here&#8217;s How You Qualify For The Benefit</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>



Photo courtesy: Shutterstock

Cuban's AI Prediction, IBM's Rise, Musk's New Hire And More: This Week In AI

The past week has been a rollercoaster ride for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). From introducing new features to its iOS 26 update to the box office success of &#8216;F1: The Movie&#8217;, Apple has been making headlines in multiple sectors. Here&#8217;s a recap of the top stories.



Apple&#8217;s iOS 26 Update to Combat Spam



Apple is set to roll out a new feature with iOS 26 that aims to curb spam by automatically filtering and silencing unwanted texts in its Messages app. This enhanced spam screening tool is expected to provide users with a more streamlined and spam-free experience.



<a href="https://www.benzinga.com/markets/tech/25/07/46258668/apples-ios-26-will-silence-spam-texts-automatically-with-new-messages-update-that-filters-unknown-senders-into-hidden-folders">Read the full article here.</a>



Low AI Expectations Boost Apple Stock



According to Gene Munster from Deepwater Asset Management, Apple&#8217;s stock bump on Monday shows just how eagerly investors are waiting for signs that the company is serious about artificial intelligence. The rumors of a Siri upgrade alone fueled a 2% stock jump.



<a href="https://www.benzinga.com/markets/tech/25/06/46186723/apple-investors-have-shockingly-low-ai-expectations-says-gene-munster-siri-upgrade-rumors-alone-fueled-a-2-stock-jump">Read the full article here.</a>



See Also:&nbsp;<a href="https://benzinga.com/markets/tech/25/07/46263690/melinda-french-gates-tried-to-hold-it-together-for-the-family-and-foundation-but-indicates-bill-gate" target="_blank" rel="noreferrer noopener">Melinda French Gates Tried To Hold It Together For The Family And Foundation—But Indicates Bill Gates&#8217;s Infidelity Left Her No Choice</a>



&#8216;F1: The Movie&#8217; Surpasses Expectations



Apple&#8217;s Brad Pitt-starrer ‘F1: The Movie' has been a box office success, surpassing expectations and adding another feather to Apple&#8217;s cap in the entertainment sector.



<a href="https://www.benzinga.com/markets/tech/25/06/46159050/apples-f1-surpasses-expectations-chamath-palihapitiyas-criticism-ai-for-chip-design-and-perplexity-acquisition-in-consideration-this-week-in-appleverse">Read the full article here.</a>



Apple Stock Eyes Rebound



Despite being down 15% year-to-date, Apple&#8217;s stock is eyeing a rebound. A mix of seasonal strength, rising App Store revenue, and improving sentiment could set up the stock for a rare comeback.



<a href="https://www.benzinga.com/markets/tech/25/07/46260998/apple-store-stock-performance-july-analysis">Read the full article here.</a>



iPhone Sales Bounce Back in China



Apple&#8217;s iPhone sales are set for a significant rebound in China in the second quarter of 2025, with both Huawei Technologies and Apple leading the charge in year-on-year growth. However, the pressure from Huawei and Xiaomi continues to intensify.



<a href="https://www.benzinga.com/markets/tech/25/07/46246152/iphone-sales-bounce-back-in-china-but-huawei-and-xiaomi-intensify-pressure">Read the full article here.</a>



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<li><a href="https://benzinga.com/markets/tech/25/07/46259534/elon-musks-xai-hires-trump-aide-stephen-millers-wife-katie-amid-controversial-memphis-data-center-pe" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s xAI Hires Trump Aide Stephen Miller&#8217;s Wife Katie Amid Controversial Memphis Data Center Permit Win</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/Rounak-Jain" target="_blank" rel="noreferrer noopener">Rounak Jain</a>



Photo courtesy: jamesteohart / Shutterstock.com

iOS 26 Spam Filter, AI Expectations, F1 Success And More: This Week In Appleverse

The past week has been a rollercoaster ride for the U.S. economy. From a rare warning sign in the labor market to a surprising jobs report, the week was filled with unexpected turns. The gold market saw a potential rise, while the Federal Reserve faced criticism from President Donald Trump. Amidst all this, the middle class&#8217;s struggles were highlighted by a renowned economist.



Here&#8217;s a recap of the top stories.



Labor Market Sends Warning Signal



The U.S. labor market is showing a concerning sign as private sector payrolls fell in June for the first time in over two years. This has raised concerns about the economy&#8217;s health and increased speculation about Federal Reserve interest rate cuts. Private employers cut 33,000 jobs last month, according to the ADP National Employment Report.



<a href="https://www.benzinga.com/markets/economic-data/25/07/46218795/labor-market-payrolls-june-interest-rates">Read the full article here.</a>



JPMorgan&#8217;s Bet on Gold



Despite U.S. stocks trading at all-time highs, JPMorgan&#8216;s mid-year outlook suggests a potential storm brewing that could see gold soar, the dollar weaken, and markets reset in the second half of 2025. The investment bank forecasts the S&amp;P 500 to finish the year at 6,000, implying a modest 3.5% pullback from current levels.



<a href="https://www.benzinga.com/markets/commodities/25/07/46233083/something-big-is-brewing-in-gold-stocks-and-the-dollar-jpmorgans-half-year-2025-outlook">Read the full article here.</a>



See Also:&nbsp;<a href="https://www.benzinga.com/markets/tech/25/06/46161059/apple-has-the-potential-to-crush-metas-ray-ban-smart-glasses-says-ming-chi-kuo-but-the-tech-giant-has-been-surprisingly-slow" target="_blank" rel="noreferrer noopener">Apple Has the Potential To Crush Meta's Ray-Ban Smart Glasses, Says Ming-Chi Kuo, But The Tech Giant Has Been ‘Surprisingly Slow'</a>



Trump&#8217;s Attack On Fed Chair



President Donald Trump escalated his criticism of Federal Reserve Chair Jerome Powell, accusing him of keeping interest rates "artificially high" and insisting the benchmark should drop to &#8220;1% or 2%". Trump claimed Powell&#8217;s policies force the government to refinance roughly $9 trillion in debt at punitive costs.



<a href="https://www.benzinga.com/news/politics/25/06/46165110/donald-trump-calls-fed-chair-jerome-powell-a-bad-person-who-keeps-rates-artificially-high-says-benc">Read the full article here.</a>



US Middle Class Struggles



Economist Richard Baldwin argued that America&#8217;s middle-class struggles have less to do with globalization and more to do with a chronic failure to provide adequate social policy. Baldwin believes that unlike other advanced economies, the U.S. hasn&#8217;t implemented the policies needed to cushion economic shocks.



<a href="https://www.benzinga.com/news/politics/25/07/46214509/america-has-no-will-to-help-its-middle-class-says-economist-richard-baldwin-so-politicians-find-a-c">Read the full article here.</a>



Surprising June Jobs Report



The official U.S. jobs report for June delivered a surprisingly sharp turnaround from the gloom triggered by ADP private payroll data just 24 hours earlier. Nonfarm payrolls increased by 147,000 in June, the strongest reading so far in 2025, up from an upwardly revised 144,000 in May and well above economists' expectations.



<a href="https://www.benzinga.com/markets/economic-data/25/07/46244105/june-jobs-report-nonfarm-payroll-adp-data">Read the full article here.</a>



Read Next:



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<li><a href="https://www.benzinga.com/25/05/45489038/us-stocks-likely-to-open-lower-after-moodys-downgrade-bear-market-isnt-fully-recovered-yet-but-it-is-close-says-expert" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Lower After Moody's Downgrade: ‘Bear Market Isn't Fully Recovered Yet, But It Is Close,' Says Expert</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/ananya-gairola" target="_blank" rel="noreferrer noopener">Ananya Gairola</a>



Photo: Miha Creative via Shutterstock

Labor Market Woes, Gold's Rise, Trump's Fed Attack, Middle-Class Struggles And A Surprising Jobs Report: This Week In Economy

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