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Afternoon Note

Facing Pressure

By Karina Hernandez, Senior Research Analyst
7/11/2025 1:45 PM

The market has largely shaken off this morning’s tariff announcements and it’s well off the lows but still facing pressure. After eking out record highs yesterday, Nasdaq and S&P are in red this afternoon.

Netflix (NFLX) continue to struggle to catch up with other Big Tech companies like Amazon (AMZN) and Nvidia (NVDA), which surpassed the $4 trillion market cap on Wednesday. Netflix (NFLX) has fallen 5.5% so far this month.

Energy is the best performing sector with a majority of its components posting gains. On the other hand, Materials and Health care are the laggards.

Bitcoin (BTC) rose above $118,000 per token to reach highs before paring gains.


 

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