TheDrop Market Analysis, 01/24/25

Markets corrected slightly after a multi-day winning streak following the inauguration of President Donald Trump.

Investors this week generally have had a positive attitude regarding Trump's initial policy implementation, including his $500 billion "Stargate," however markets started to correct today as they became overly inflated from the past week. The Dow fell 0.3%, the S&P 500 fell 0.3%, and the Nasdaq slipped 0.5%. Although not very deep losses, today's market sentiment is showing a temporary loss in enthusiasm for Trump, or just a correction from previous highs.

Generally, the stocks that performed the best this week fell today out of their urge to correct to their actual valuement. Nvidia, a key winner this week, fell by almost 4.5% in a deep $6.62 decline per share. Oracle, another winner of the week, fell 1.5%. Others like Tesla and Apple also fell.

However, some stocks managed to pull out victorious in a sea of red. Google, which previously lagged behind other tech stocks, grew 2% as its Gemini AI lineup gets a major upgrade. Rigetti, which previously launched a failed recovery effort, bounced back with a whopping 13% rise. Palantir and Lucid, which previously surged following Stargate, continued their success for another day.

MicroStrategy fell by over 5%, as the Bitcoin rally slips.