Stocks fade on inflation numbers

Allan Tong Posted On July 15, 2025

Tuesday markets welcomed the release of June’s inflation numbers with a partial sell-off. The S&P closed -0.4%, the Dow -0.98% though the Nasdaq managed to climb 0.18%. U.S. inflation in June was 2.7%, up from 2.4% the month before as many economists cited this as Trump’s tariffs starting to seep into American prices. The figures coincided with the start of earnings season.

Blackrock disappointed and was punished for 5.88%. Meanwhile, Nvidia made yet another record high after rallying 4.04%, Super Micro Computer jumped 6.92%, First Solar rose 6.9%, though Newmont tumbled 5.71%. Bitcoin retreated from record highs by US$3,800 to US$116,365. The U.S. 10-year edged up to 4.487%.

The TSX declined 0.53% or 144 points, but remained above 27,000. Only three sectors gained, led by utilities while staples, energy and tech lagged the most. Major movers: CNQ -1.38%, Richelieu Hardware -3.32%, Tamarack Valley -2.75%, Equinox Gold -2.55%, Energy Fuels 10.74% and Brookfield Renewable 6.27%. Gold gave back US$14 to US$3,329 while WTI declined 30 cents to US$66.66.

🏛 Blackrock Inc. (BLK-N) -5.88%

💾 NVIDIA Corporation (NVDA-Q) +4.04%

💾 Super Micro Computer (SMCI-Q) +6.925

⛏ First Solar Inc. (FSLR-Q) +6.09%

⛏ Newmont Mining (US) (NEM-N) -5.71%

🛢 Canadian Natural Rsrcs (CNQ-T) -1.38%

💾 Richelieu Hardware (RCH-T) -3.32%

🛢 Tamarack Valley Energy (TVE-T) -2.75%

🥇 Equinox Gold (EQX-T) -2.55%

⛏ Energy Fuels Inc. (EFR-T) +10.74%

💡 Brookfield Renewable Partners (BEP.UN-T) +6.27%