Stocks Fall After Tariffs, Bitcoin Soars to $118K

Biggest S&P 500 Movers on Friday

Decliners

PayPal (Pypl) shares fell 5.7%,retreating the most of any S&P 500 constituent. The payment processor’s stock came under pressure following reports that jpmorgan Chase (JPM) plans to begin charging financial technology companies for access to customer data. The move from the largest U.S. bank could have ripple effects as fintechs face fees for data that they previously received without direct charges. The re-escalation in trade tensions between the U.S. and Canada weighed on stocks with exposure to the northern neighbor. Shares of human resources software provider Dayforce (DAY) lost 5.2%. Along with operating headquarters in Toronto and also Minneapolis, Dayforce has a notable business presence in Canada, including a recently inked contract with with the Canadian government. Analysts have suggested that tariff-related impacts on its operations should be limited.
Caesars Entertainment (CZR) shares declined 4.7%, giving back a portion of the gains posted in the prior session. Casino stocks came under pressure after regional gaming revenue reports from Indiana and Iowa showed that gaming win totals for casinos in those states where down year-over-year in June.
shares of United Airlines (UAL) sank 4.3%, adjusting their altitude a day after posting the S&P 500’s strongest gains with a double-digit surge. Although a

Major Indexes Post Modest Losses for the Week

Despite hitting record highs this week, major stock indexes posted losses for the week amid renewed concerns about where trade policy is headed and how it could affect the U.S. economy.

The Dow Jones Industrial Average lost 1% this week, while the S&P 500 and Nasdaq Composite gave up 0.3% and 0.1%, respectively. The Dow and Nasdaq had three-week winning streaks snapped, while the S&P 500 lost ground for the first time in three weeks.

So far in 2025, the S&P 500 and Nasdaq have risen 6.4% and 6.6%, respectively, while the Dow has tacked on 4.3%.

Stocks have staged a remarkable recovery over the past three months. at their low point for the year in early April, the S&P 500 and Nasdaq were down more than 15% and 20% year-to-date. (Tradingview)The Delta news “gave the market a radiant green light to pile back into the space and investors duly obliged,” Morgan Stanley analysts wrote Thursday.

Several analysts responded to Delta’s report with upbeat moves of their own. Morgan Stanley edged its target for the airline $2 higher to $90, well above the Visible Alpha consensus around $64 and higher than any of the targets tracked by the service. Bank of America lifted its target to $67 from $60.

Some wariness remains, however.Deutsche Bank maintained its $63 price target, characterizing the company’s tone during its report as “cautiously optimistic.”

Delta shares are in negative territory for the year so far, but they’ve outperformed shares of leading competitors.

Delta’s shares remain down about 6% for the year, though they’ve climbed off April lows.

–David Marino-Nachison

AMC Jumps as Stock gets Upgrade from Wedbush

9 hr 1 min ago

AMC Entertainment Holdings (The Wall Street Journal wrote Friday, citing people familiar with the matter, with a move possible within weeks.

Read the full technical analysis piece here.

Source: TradingView.com.

Levi Strauss Jumps After Strong Earnings, Boosted Outlook

Shares of Levi Strauss (LEVI) soared Friday, a day after the denim retailer reported fiscal second-quarter results that topped analysis expectations and lifted its full-year outlook.

analysts at JP Morgan noted that levi’s management said it has seen “no signs of moderation in business momentum to date including June or 3Q-to-date,” as they lifted their price target to $23 from $18. The new target puts JPMorgan above the average price target of $20.63 held by the eight analysts tracked by Visible Alpha, split between six “buy” and two “hold” ratings.

Levi Strauss saw sales increase across all of its regions and in both of its men’s and women’s segments in Q2. the analysts noted executives said that the brand became the No. 1 women’s denim brand in the last 12 months.

A Levi’s store in Chongqing, China.Cheng Xin / Getty ImagesSince the start of 2025, the price of bitcoin has risen more than the benchmark S&P 500 index and shares of Nvidia (NVDA),which this week became the first company ever to surpass the $4 trillion market capitalization milestone.Bitcoin surged earlier this year on retail investors buying into ETFs but took a hit, along with the broader stock market, after President Donald Trump imposed his “Liberation Day” tariffs in April. Since then, the cryptocurrency has gained from a wave of companies joining Strategy (MSTR) in loading up on bitcoin.

Crypto has also gained increased legitimacy with President Trump establishing a strategic bitcoin reserve and the Senate passing the GENIUS Act a bill that would enable private companies to issue stablecoins.These are cryptocurrencies with their value tied directly to a state-issued currency, often the U.S.dollar.

airline and Delta Stock Analysis: Chart Patterns and Key Levels

Recent trading activity reveals interesting developments for several airline stocks, alongside a notable breakout for Delta Air Lines. Analyzing chart patterns and identifying key price levels can provide valuable insights for investors.This analysis will explore the technical outlook for Delta, United, and American Airlines, highlighting potential opportunities and risks.

Delta Air Lines: Breaking Through Resistance

Delta (DAL) has recently exhibited a bullish signal, successfully breaching a symmetrical triangle formation. This pattern suggests a period of consolidation followed by a potential strong move in either direction, and in Delta’s case, the breakout indicates upward momentum.

Currently, investors should monitor two significant resistance levels: $59 and $70. These areas represent potential selling pressure where profits might be taken. Conversely, a crucial support level exists around $50, which could act as a floor during any potential pullbacks.As of Friday’s opening trade, Delta shares were experiencing a slight dip, trading at approximately $55.50, down 2%. This minor decline doesn’t negate the bullish breakout,but warrants continued observation.

For context,the airline industry has seen a resurgence in demand as travel restrictions ease. According to the Transportation Security Governance (TSA), passenger throughput has consistently exceeded 2019 levels in recent weeks, signaling a robust recovery. Delta’s ability to capitalize on this increased demand will be crucial for sustaining its upward trajectory.

United Airlines: Ascending Triangle Momentum

United Airlines (UAL) has demonstrated a different, yet equally promising, pattern. The stock price has been navigating within an ascending triangle, a formation often associated with bullish continuation. On Thursday, United shares decisively broke above this pattern and surpassed the significant 200-day moving average – a widely followed indicator of long-term trend direction.

looking ahead, key resistance levels to watch are $104 and $116. These price points could present challenges for further gains. Should the stock encounter selling pressure, a retracement might find support around the $83 level.Early Friday trading saw United shares decline by roughly 2%, settling around $90. Similar to Delta, this initial dip shouldn’t overshadow the positive breakout.The strength of United’s performance is also tied to the broader industry recovery. The International Air Transport Association (IATA) forecasts a return to profitability for airlines in 2023, driven by strong passenger demand and improved operational efficiencies.

American Airlines: Awaiting Confirmation

While Delta and United are displaying clear technical signals, American Airlines (AAL) requires further observation. currently, the stock is positioned near a potential breakout point, but lacks the confirmed momentum seen in its peers. Investors should closely monitor price action for a decisive move above key resistance levels before establishing positions. Further analysis will be needed to determine the stock’s trajectory.