Stock Market Today: S&P 500 upgraded by Citi, UBS

Stock Market Today: S&P 500 upgraded by Citi, UBS originally appeared on TheStreet.

This live blog is being updated in real time. Check back periodically for the latest updates on the market.

Good afternoon. The market is closed. This live blog is still getting some periodic updates as earnings from after the close trickle in.

This week seeks to be a continuation of strong corporate earnings, which are arriving in the face of mixed economic data and tariff turbulence.

Update: 5:01 p.m. ET

Stories to Wrap the Day

The trading day is over. Here are two big stories to wrap the day:

Gold is 2.5% lower after the White House clarified again that gold imports will not be subject to tariffs. The White House has agreed to another 90-day pause on the most aggressive China tariffs, per Reuters.

Here are some other stories we covered throughout the day which are worth the read:

Salad chain sweetgreen is making big changes after 80% year-to-date stock tumble Tesla stock price surges after Goldman robotaxi upgrade TheStreet Pro's analysts tackle tariffs, crypto, and more in market roundtable

Update: 4:09 p.m. ET

After the Close: Movers & Losers

The market is closed for the day, erasing narrow gains from earlier in the day and taking a bite out of Friday's strong performance.

The Russell 2000 (-0.16%) rose to the moment, trailed by the S&P 500 (-0.25%), Nasdaq (-0.30%), and Dow (-0.45%). They all started the day in the green, but dipped below the line intraday. Meanwhile, the Cboe Volatility Index closed out the day up 7.5%.

This morning's biggest movers became today's biggest stories. Chief among them were TKO Group Holdings (TKO) , Albemarle Corporation (ALB) , and Electronic Arts (EA) , among others. (We covered them at length before, so give that a scroll to see more.)

Here were the other top movers in the S&P 500 today:

Meanwhile, many of the index's biggest stragglers were lower without clear news. TurboTax parent Intuit (INTU) , chocolate king Hershey Company (HSY) , and productivity software Workday (WDAY) led the day-decliners. Although, there is a bit of a theme here in terms of workplace software and consumer goods moving to the downside:

Update: 3:31 p.m. ET

Retail-Popular Stocks Are the Stars In After Hour Earnings

While a significant portion of today's earnings went out this morning, there's a star-studded cast of earnings due out after the close. In particular, retail-popular names which will be closely scrutinized.

After market close, we'll be getting results from satellite player AST SpaceMobile ASTS, airtaxi firm Archer Aviation (ACHR) , and hydrogen energy company Plug Power (PLUG) . Plus, we'll expect commentary from pre-revenue Sam Altman-backed nuclear upstart Oklo (OKLO) .

Story Continues

Update: 12:19 p.m. ET

Mid-Day Movers: Indexes Flat, Marijuana Stocks, Tech Names

We're over the mid-day hump. These are the three big trends making moves intraday:

Dow, Russell Sag; S&P and Nasdaq Stay Flat

Despite some big movers within the indexes, the Dow Jones (-0.4%) is the only major U.S. index breaking in a particular direction. The other three household names are fairly flat, namely the Nasdaq (+0.00%) and S&P 500 (-0.07%). But even the Russell 2000 is pretty tame (-0.10%) for the moment.

Marijuana Reclassification is Back on the Docket

President Donald Trump has weed stocks moving again today, amid reports that his administration is looking into reclassifying marijuana. His predecessor made similar strides, but the Drug Enforcement Agency still has yet to complete its rule-making process on the devil's lettuce.

As a result of the chatter, some marijuana-focused exchange-traded funds are making moves today, like the AdvisorShares Pure US Cannabis ETF (MSOS) (+20%) and Amplify Alternative Harvest ETF (MJ) (+19.2%).

Monday.com and C3.ai Really Wish It Wasn't Monday

Software earnings have been particularly strong this earnings season, with a healthy number of beats and raises.

However, Monday.com (MNDY) (-27%) is not among them. It's having a really bad Monday after releasing its earnings this morning. Rising R&D costs were to blame for pushing the productivity software firm back into a loss, overshadowing its 27% year-over-year march in revenue.

C3.ai (AI) (-22%) is another name wishing that Monday never came. The enterprise AI company is similarly-situated, a tech company getting hammered after showing their earnings. Announcing preliminary results for its latest quarter, C3.ai's sales declined year-over-year, while its loss widened, a result that CEO Thomas Siebel called "completely unacceptable." The company's planned earnings call is set for Sept. 3.

Update: 11:45 a.m. ET

Another Crypto IPO Is Heading for Blockbuster Debut

Institutional crypto exchange Bullish is angling for an even bigger debut after upsizing its forthcoming IPO amid high demand, per sources.

The company will now seek $990 million in its IPO, hoping to land around a $4.8 billion valuation. The IPO is set to be priced tomorrow.

Update: 10:30 a.m. ET

Morning Movers: Albermarle, TKO Group, Electronic Arts, Intel

The market has been open for nearly an hour now. Here are the stocks making moves:

Albemarle

The world's largest EV battery producer has gyrated in recent days, but it's up today after closing a key lithium mine in China. The move has helped catapult lithium prices. Albermarle (ALB) is up 8% today, making it the best-performer in the S&P 500.

TKO Group Holdings

TKO Group Holdings (TKO) , the parent company of Ultimate Fighting Championship (UFC), has sold the exclusive broadcast rights on its 43 annual live events to Paramount. The deal is worth $7.7 billion over 7 years, starting next year. TKO is up 6.3% on the news.

Electronic Arts

Electronic Arts EA just hit an all-time high after a weekend playtest of forthcoming title Battlefield 6. The free weekend event was a massive success, with the company saying over 5 millon players participated. On game app Steam, the game saw a peak of 521,000 concurrent players, an all-time high for the franchise. EA is up 3.6%.

Intel

Intel CEO Lip-Bu Tan is reportedly on his way to the White House, per WSJ, just days after President Donald Trump said that he "must resign" because of "ties to Chinese businesses." The news of the meeting has been well-received by investors, who had sold the beleaguered chipmaker on Trump's comments. Today, Intel is up 4.2% to start the morning.

Morning Headlines

Aside from that, here are the other stories making headlines this morning:

President Donald Trump has announced that he will deploy the National Guard in Washington, D.C. in an effort to tackle crime, remove homeless encampments, and "liberate" the city. The crypto market cap surpassed $4 trillion as Ethereum and Bitcoin rallied past $4,200 and $119,000 respectively; crypto stocks such as Coinbase, Strategy, and Robinhood are up on the news. Nvidia and Advanced Micro Devices will pay 15% of their China semiconductor revenue to the federal government as part of an 'unusual agreement' which will allow the firms to sell more advanced chips in the key market.

Update: 8:21 a.m. ET

S&P 500 scores upgrades from UBS and Citi as BoFA Survey shows bullishness

This morning, the S&P 500 is scoring two upgrades from investment banks, who are feeling more bullish on the index. UBS (UBS) and Citi (C) are both hiking their year-end targets, while UBS is issuing its first-ever 2026 year-end target.

The two are the latest names on Wall Street to raise their respective outlooks, citing stronger fundamentals and less perceived impacts from tariffs.

More on that story here.

Update: 7:30 a.m. ET

A.M. Earnings: Barrick Mining, AMC Entertainment, Monday.com

Bookends don't tend to be big days for earnings, but per TipRanks, we're set for about 137 earnings reports today. Many of these reports are already in this morning, including gold mining companies Barrick Mining B and Franco-Nevada (FNV) , productivity software Monday.com (MNDY) , and pharmaceutical company Roivant (ROIV) , among others.

Here's what is out among today's largest reports:

Results from one-time retail-favorites AMC Entertainment (AMC) are also out this morning.  There's more to come, too. After market close, we'll be getting results from AST SpaceMobile ASTS, Archer Aviation (ACHR) , and Plug Power (PLUG) .

Economic Data

There is no big economic data inbound today, just the 3-month and 6-month bill auction at 11:30 a.m. ET today. However, investors will have their eyes peeled for commentary around this week's most-anticipated drop: inflation.

That report is due out tomorrow, sure to be a market-mover. Since the market tumbled after tariff turbulence in April, economists and Americans have held heightened inflation expectations. That has yet to really show itself, but some hawkish Fed leaders like Alberto Musalem say they expect tariff impacts to crop up in the prints this quarter.

Stock Market Today: S&P 500 upgraded by Citi, UBS first appeared on TheStreet on Aug 11, 2025

This story was originally reported by TheStreet on Aug 11, 2025, where it first appeared.

View Comments