The stock market kicked off the trading week brimming with optimism after the US and China announced a tariff truce on each other’s goods.
The tech-heavy Nasdaq booked the largest gains among the three major indices, rallying 4.85 percent. The S&P 500 followed with a 3.26-percent increase, and the Dow Jones, with 2.81 percent.
Over the weekend, the US and China reached a 90-day deal to lower tariffs on each other’s imports. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent earlier.
Beyond the major indices, 10 companies finished the week stronger, booking double-digit gains during the day. In this article, we name Monday’s 10 top performers and detail the reasons behind their strong performance.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
A caricature of stock investors cheering Chinese President Xi Jinping and US President Donald Trump’s successful trade talks that resulted in a 90-day tariff truce between the two countries.
10. Shopify Inc. (NASDAQ:SHOP)
Shopify Inc. saw its share prices jump as high as 15.85 percent at intra-day trading on Monday before ending the day just up by 13.70 percent at $104.34 apiece, as investors cheered news of its inclusion in the Nasdaq 100.
Last week, Nasdaq announced that Shopify Inc. (NASDAQ:SHOP) will replace software company MongoDB Inc. on the Nasdaq 100 beginning May 19. The announcement followed the release of a strong earnings performance in the first quarter of the year.
During the period, Shopify Inc. (NASDAQ:SHOP) said net income, excluding the impact of equity investments, increased by 56 percent to $226 million from $144 million in the same period last year, as revenues rose by 26.8 percent to $2.36 billion from $1.86 billion year-on-year.
Shopify Inc. (NASDAQ:SHOP) said that the strong figures marked its eighth consecutive quarter of pro forma revenue growth and seventh straight quarter of GMV growth.
“We built Shopify for times like these. We handle the complexity so merchants can focus on their customers. We ship products faster than anyone else, giving merchants the edge they need to succeed,” said President Harley Finkelstein.
9. ImmunityBio, Inc. (NASDAQ:IBRX)
Shares of ImmunityBio Inc. grew as much as 18.8 percent at intraday trading before ending the day just up by 14.01 percent at $2.36 apiece as investor sentiment was fueled by its impressive earnings performance in the first three months of the year.
In its earnings release, ImmunityBio, Inc. (NASDAQ:IBRX) said it narrowed its net loss attributable to stockholders by 3.3 percent to $129.6 million from the $134.1 million registered in the same period last year, as revenues skyrocketed by 41,192 percent to $16.5 million from only $40,000 in the same period last year.
The higher revenues were driven by the strong performance of its Anktiva, an immunotherapy treatment for non-muscle invasive bladder cancer (NMIBC).
According to the company, it continues to experience steady growth as urologists increase their use of the said treatment.
“Nearly 200 urological practices are in early stages of implementation or have already begun administering rBCG to patients, many of them in rural areas where patients otherwise would not have access to this treatment. This not only lets us help more patients, it opens a new marketplace for ImmunityBio’s therapies,” said ImmunityBio, Inc. (NASDAQ:IBRX) President and CEO Richard Adcock.
8. Newell Brands Inc. (NASDAQ:NWL)
Newell Brands Inc. saw its share prices jump as high as 17.43 percent at intra-day trading on Monday before ending the day up by 15.13 percent at $6.01 apiece following news that it plans to raise as much as $1 billion in fresh funds through a private offer.
According to the company, part of the proceeds will be used to redeem $1 billion worth of outstanding senior notes due in 2026, while the balance will be allocated for payments of related fees and expenses in connection with the offering and redemption.
In other recent news, Newell Brands Inc. (NASDAQ:NWL) declared a quarterly cash dividend of 7 cents per share for all common stockholders as of record date May 30, 2025. The dividends are payable on June 13, 2025.
Newell Brands (NASDAQ: NWL) is one of the leading global consumer goods companies that owns brands, namely Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, Dymo, EXPO, Elmer’s, Oster, NUK, Spontex, and Campingaz.
7. Stanley Black & Decker, Inc. (NYSE:SWK)
Stanley Black & Decker grew its share prices by 15.73 percent on Monday to close at $72.53 apiece as investors gobbled up shares amid a broader market rally brought about by the tariff truce between the US and China.
It can be learned that the US and China over the weekend reached a 90-day deal to reduce levies on each other’s goods. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent previously.
The news became a boost to the company, which announced last month that it was poised to raise prices to mitigate risks from the global trade uncertainties.
Earlier this year, Stanley Black & Decker, Inc. (NYSE:SWK) expected tariffs to reduce its full-year earnings per share by approximately 75 cents.
Stanley Black & Decker, Inc. (NYSE:SWK) is one of the largest tool companies, which owns the Stanley brand, with a manufacturing presence globally.
6. Nebius Group N.V. (NASDAQ:NBIS)
Nebius Group extended its winning streak for a fifth consecutive day on Monday, jumping 17.93 percent to finish at $33.34 apiece as investors snapped up shares following news that one of its subsidiaries is planning to raise hundreds of millions in fresh funds that could potentially push its valuation to $6 billion.
According to reports, ClickHouse is in advanced negotiations with key investors to raise funds to grow its presence in the competitive data analytics market.
Following the report, Nebius Group N.V. (NASDAQ:NBIS) earned a “buy” recommendation from DA Davidson, coupled with a higher price target of $35 versus the $30 previously.
In other recent news, Nebius Group N.V. (NASDAQ:NBIS) welcomed another key investment from billionaire Jeff Bezos for its subsidiary, Toloka, with participation from Shopify’s chief technology officer, Mikhail Parakhin.
The investment marked a pivotal step for Toloka as it is expected to scale up and sharpen its strategic focus amid accelerating global demand for reliable, high-quality AI data solutions.
5. Wayfair Inc. (NYSE:W)
Wayfair saw its share price surge by 20.65 percent on Monday to end at $39.56 each as investor sentiment was fueled by the positive impact of the 90-day tariff truce between the US and China on the company.
It can be learned that the US and China over the weekend reached a 90-day deal to reduce levies on each other’s goods. US taxes on Chinese imports will drop to 30 percent from 145 percent previously, while China’s tariffs on US imports will drop to 10 percent from 125 percent previously.
The truce spelled good news for the company, which sources a significant chunk of its products from China.
Late last year, analysts pointed to Wayfair Inc. (NYSE:W) as one of the firms that would significantly bear the brunt of higher tariffs between the two countries, saying that any further escalation would largely dent its profits and margins.
In recent news, Wayfair Inc. (NYSE:W) narrowed its net loss by 54 percent to $113 million in the first quarter of the year from $248 million in the same period last year, despite revenues ending flat at $2.73 billion.
4. VNET Group, Inc. (NASDAQ:VNET)
VNET Group snapped a five-day losing streak on Monday as investors resorted to bargain-hunting to take advantage of its cheap valuation while cheering news of the US and China’s tariff truce.
While the ceasefire between the two countries does not directly impact VNET Group, Inc. (NASDAQ:VNET), it plays a crucial role in bolstering investor sentiment and economic environment, factors that are expected to spill over into businesses.
VNET Group, Inc. (NASDAQ:VNET) is a China-based technology firm primarily focused on providing internet data center services and related infrastructures, including those that support artificial intelligence. Based on its historical reporting dates, the company is expected to release the results of its first quarter earnings performance in the first week of June 2025.
In its last earnings call, VNET Group (NASDAQ:VNET) announced higher capital spending this year on the back of robust demand for its wholesale services. It underscored that it would work closely with its strategic suppliers and maximize the synergies to ensure that its capital spending would grow at a steady pace.
3. SoundHound AI, Inc. (NASDAQ:SOUN)
SoundHound AI grew its share prices by 22.61 percent on Monday to end at $11.01 apiece as investors loaded portfolios following an impressive earnings performance in the first three months of the year.
In a statement late last week, SoundHound AI, Inc. (NASDAQ:SOUN) said it swung to a net income of $129.9 million from a $33 million net loss in the same period last year, supported by a 151-percent expansion in revenues at $29 million versus $11.59 million year-on-year.
The company also swung to an operating income of $128 million, a reversal from the $28.5-million operating loss in the same period a year ago.
SoundHound AI, Inc. (NASDAQ:SOUN) remained optimistic for the rest of the year, with full-year revenue outlook expected to settle anywhere between $157 million and $177 million.
SoundHound AI, Inc. (NASDAQ:SOUN) is a global leader in voice and conversational intelligence, delivering AI solutions that allow businesses to upgrade experiences for their customers.
2. WeRide Inc. (NASDAQ:WRD)
WeRide snapped a three-day losing streak on Monday, jumping 27.47 percent to finish at $10.21 each as investors resorted to bargain-hunting supported by the US and China’s tariff cooldown.
The news was particularly a boost for WeRide Inc. (NASDAQ:WRD) as investors turned more hopeful for its planned global expansion, in partnership with ride-hailing giant Uber Technologies Inc. (NASDAQ:WRD).
Last week, the two companies said they deepened their collaboration to expand into 15 more cities, including Europe and the Middle East.
“This expansion aligns with WeRide’s ambitious strategy for global growth—to make autonomous driving solutions more affordable and accessible to people worldwide,” said WeRide Inc. (NASDAQ:WRD) CEO Han Xu.
The two firms kicked off their partnership last year with the launch of robotaxis in Abu Dhabi, and later on, in Dubai, as they aim to expand their autonomous vehicle partnership to several new cities each year, all outside of the US and China.
1. NRG Energy, Inc. (NYSE:NRG)
NRG Energy soared by 26.21 percent on Monday to end at $150.61 apiece following news that it will acquire LS Power’s gas-fired power plants for $12 billion.
According to the company, it inked a definitive agreement with LS Power for the acquisition of 18 natural gas-fired plants with 13 gigawatts of power capacity.
NRG Energy, Inc. (NYSE:NRG) said it expects to complete the transaction in the first quarter of 2026. Upon completion, the acquisition will double the latter’s overall generation capacity to 25 GW.
Commenting on the deal, NRG Energy, Inc. (NYSE:NRG) CEO Larry Cohen said that the country “is in the early stages of a power demand supercycle.”
“This acquisition transforms NRG’s generation fleet and broadens our customized product offerings, enhancing our ability to bring the future of energy to millions of customers across the US,” he added.
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