These Stocks Moved the Most Today: Tesla, Nvidia, Core Scientific, WNS, Netflix, Shell, and More

Traders work on the floor of the New York Stock Exchange. (Michael M. Santiago/Getty Images)

Stocks slid Monday after President Donald Trump began delivering letters to global trading partners informing them of new tariff rates, effective Aug. 1. The president said the U.S. will impose levies ranging from 25% to 40% on goods from some countries.

These stocks moved:

Shares of electric-vehicle maker Tesla declined 6.8%. CEO Elon Musk announced Saturday he would be forming the “America Party,” just when investors thought he would be staying out of politics following his time with the Trump’s administration’s Department of Government Efficiency. Musk was strongly opposed to President Donald Trump’s “One Big Beautiful Bill,” which was signed into law Friday.

Nvidia fell 0.7%. The maker of artificial-intelligence chips rose 1.3% to a record high of $159.34 on Thursday (Wall Street was closed Friday for July Fourth).

U.S.-listed shares of Shell declined 2.9% after the global energy giant warned earnings from gas trading would fall from the previous quarter because of volatile oil prices.

Molina Healthcare was down 2.9%. The health insurance company modestly reduced expectations for its second-quarter adjusted earnings, saying the guidance “reflects medical cost pressures in all three lines of business.” Molina expects the cost pressures to continue into the second half of the year and now anticipates adjusted earnings in the range of $21.50 to $22.50 share.

However, CEO Joseph Zubretsky said the company continues to perform near its long-term target ranges and “nothing, including the potential impacts of the budget bill, has changed our outlook for the long-term performance of the business.”

CoreWeave, the cloud-rental company, reached an agreement to buy its supplier and partner Core Scientific in a deal with a total equity value of about $9 billion. The deal represents a value of $20.40 a share for Core Scientific based on CoreWeave’s closing price of $165.20 on Thursday. CoreWeave stock was down 3.3% on Monday while Core Scientific tumbled 18%, suggesting some investors had expected a more generous price.

Netflix fell 0.6% to $1,289.62 after analysts at Seaport Research Partners downgraded shares to Neutral from Buy without a price target. Netflix “needs time to execute against the expectations in advertising, aggregating, launching experiences, and expanding share again,” the analysts said, citing valuation concerns.

WNS surged 14% to $74.70 after French consulting and technology group Capgemini agreed to buy the business technology provider for $76.50 a share, or $3.3 billion in cash. Capgemini said the price was a 17% premium to Thursday’s closing price of $65.38.

Royal Gold declined 6.4%. The precious metals company said it would acquire both Sandstorm Gold and Horizon Copper in separate transactions worth a combined $3.7 billion.

Earnings reports are expected this week from Delta Air Lines, Conagra Brands, Levi Strauss, Simply Good Foods, PriceSmart, AZZ Inc., Kura Sushi USA, and WD-40.

Write to Joe Woelfel at joseph.woelfel@barrons.com and Mackenzie Tatananni at mackenzie.tatananni@barrons.com