Equifax and Galaxy skyrocket as Wall Street recovers 1,000+ points in a day

Why did the U.S. stock market surge on April 22, 2025?

On April 22, 2025, the U.S. stock market staged a powerful rebound, with all three major indexes closing significantly higher. The Dow Jones Industrial Average gained over 1,000 points, marking its strongest single-day performance in over two months. The S&P 500 rose by more than 2.5%, while the Nasdaq Composite rallied close to 3%, led by tech and digital asset-linked companies. This strong market turnaround followed fresh indications of easing geopolitical tensions, resilient corporate earnings, and a shift in investor sentiment toward risk-on strategies.

One of the pivotal factors driving this sharp recovery in stock market performance today was a policy statement from U.S. Treasury Secretary Scott Bessent, who called the ongoing trade dispute with China “economically unsustainable.” His comments hinted at a potential de-escalation in tariff actions, prompting optimism across sectors exposed to global trade and technology supply chains.

Which stocks were the top performers in the U.S. market on April 22?

The rally was broad-based, but a few stocks stood out with double-digit percentage gains. The top business stories of the day centred around a mix of tech, financial services, digital asset platforms, energy infrastructure, and biotech. These top gainers reflected strong investor appetite for turnaround plays and growth narratives in a volatile macroeconomic environment.

Galaxy Digital Holdings Ltd. soared 20.04% to close at $13.18. The crypto-focused financial services and investment management company benefited from the sharp rally in digital assets, with Bitcoin and Ethereum both advancing over 5% on the same day. Institutional inflows into crypto-backed ETFs and renewed optimism around regulatory clarity in the U.S. gave Galaxy a significant lift. The company’s 47% year-over-year gain over the past 52 weeks suggests increasing investor conviction.

CleanSpark, Inc. jumped 17.40% to end at $8.77. The energy solutions firm, known for its microgrid and Bitcoin mining operations, gained traction from the dual themes of green energy and crypto resurgence. Despite a volatile 12-month run marked by a 55% decline, its recent capacity expansions and acquisitions of mining facilities have sparked renewed interest.

Marathon Digital Holdings, Inc. rose 14.40% to $14.06. As a leading Bitcoin miner, Marathon’s stock is closely tied to crypto asset performance. Its 8.17x price-to-earnings ratio and market cap nearing $5 billion drew speculative interest as investors hunted for undervalued plays in the digital infrastructure sector.

Root, Inc. climbed 13.99% to $134.95, driven by enthusiasm for the insurtech firm’s data-centric underwriting model and AI-powered policy optimisation. With a P/E ratio of 73.34, Root continues to attract growth-focused capital. Its 125% surge over the past year underscores the broader fintech innovation trend reshaping insurance.

Equifax Inc. gained 13.84%, closing at $245.08. The credit bureau posted a stronger-than-expected earnings report and announced a $3 billion share repurchase programme. The company’s 50x trailing P/E ratio reflects high investor expectations as credit reporting firms benefit from rising demand for consumer finance data amid growing lending activity.

Riot Platforms, Inc. advanced 13.20% to $7.12. Another crypto-linked stock, Riot’s gain aligned with the day’s bullish sentiment toward blockchain infrastructure companies. The company has aggressively moved into carbon-neutral mining strategies, helping mitigate ESG-related investor concerns.

Calix, Inc. rose 13.11% to $37.61, riding demand for broadband solutions and cloud-based software platforms among U.S. internet service providers. A 33% annual gain positions Calix among the quiet but consistent performers in the digital infrastructure sector.

What sectoral trends were reflected in April 22’s top gainers?

The top stock market trends on April 22 reflected growing appetite for digital transformation, biotech innovation, and clean energy infrastructure. These were the key industry themes driving upward movement.

Healthcare innovation was a recurring story. HUTCHMED (China) Ltd. rose 12.31% to $15.60 on progress in its oncology pipeline. Denali Therapeutics Inc. gained 11.03% to $14.60 amid excitement about its neurodegenerative drug candidates. Amarin Corporation plc was up 9.53% as cardiovascular portfolio traction improved.

Consumer and home goods also performed well. RH rose 10.92% to $172.80, rebounding from a 31% decline this year. International expansion and premium furnishing demand helped improve investor sentiment.

Clean tech saw a strong showing. First Solar, Inc. rose 10.53% to $135.35, benefiting from energy tax credits and high utility-scale project demand. Pentair plc rose 9.22% to $86.24 as institutional investors repositioned into water infrastructure and sustainability-linked assets.

What role did earnings and global macro conditions play?

Several of the day’s top performers posted quarterly earnings beats or strategic updates that improved investor confidence. For example, Equifax’s earnings call focused on enterprise analytics expansion, while Calix highlighted broadband partnerships driven by government-funded digital inclusion initiatives.

From a macroeconomic standpoint, the International Monetary Fund’s revised 2025 global growth forecast at 3.2%, down slightly from 3.4%, was largely brushed aside as investors focused on near-term catalysts. A weaker dollar and signs of monetary policy stabilisation also added fuel to equity buying.

How did international and tech-linked stocks perform?

Among international ADRs, Xiaomi Corporation’s shares (XIACF) rose 9.43% and (XIACY) 9.34%, reflecting strength in the Chinese consumer electronics giant’s Q1 shipment growth and new smart device launches. FUJIFILM Holdings Corporation rose 9.98%, continuing its diversification push into healthcare imaging systems.

Coinbase Global, Inc. gained 8.57% to $190.00, closely tracking crypto market moves. The exchange’s solid earnings report and expansion of institutional custody services positioned it as a major beneficiary of the digital asset resurgence.

What does this rally signal for near-term market trends?

This sharp rally reflects a growing willingness among investors to rotate into oversold growth names, especially those aligned with digital innovation and clean technology. It also highlights renewed interest in investment news and updates from sectors like renewable energy, AI-enabled insurance, and decentralised finance.

While macroeconomic risks remain — including sticky inflation, interest rate policy uncertainty, and potential regulatory shifts — April 22’s performance sends a clear signal that markets remain highly sensitive to policy narratives and earnings momentum. Traders appear increasingly focused on real-time stock exchange news, particularly in areas showing pricing power, scalable platforms, or innovation leadership.