S&P 500 Goes Positive For The Year

SPX green for the year | Coinbase gets hacked | PPI / Retail sales da

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The One Read
May 15, 2025

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Market Headlines 👀 

  • US Price Producer Index (PPI) headline PPI comes in at 2.4% vs 2.5% expected.

  • US retail sales come in at +0.1% for the month of April above a flat expectation on the street.

  • US President Trump shares concerns over Apple’s move to move a lot of its Iphone production from China to India.

  • US weekly jobless claims come in at 229k as expected.

  • United Healthcare (UNH) stock sees a major drop as the company comes under investigation for medicare fraud.

  • Coinbase (COIN) suffers a major cyberattack which may cost the company up to $400m.

  • Coreweave (CRWV) secures deal with OpenAI worth up to $4b to provide additional cloud computing capacity.

  • Meta Platforms (META) announces its Llama 4 model ‘Behemoth’ will be delayed.

Earnings 💸

  •  Alibaba (BABA)

    • Revenue: ¥;236.5b misses (exp. ¥;237.2b)

  • WalMart (WMT)

    • EPS: $0.61 beats ($0.58)

    • Revenue: $165.6b misses (exp. $166.02b)

  • Cava (CAVA)

    • EPS: $0.22 beats ($0.14)

    • Revenue: $331.8m beats (exp. $327.1m)

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

SPX goes positive for the year!

Source: Bloomberg

Market Preview 🎞️ 

  • Friday, May 16th: Monthly Options Expiration (OPEX); Housing starts

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That’s all for this week, folks! We’ll be back around the same time Monday with a curated list of important news, economic data and market highlights. 

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