TheDrop Market Analysis, 02/06/25
- Alexangel Ventura
- Feb 6
- 1 min read
Stocks held mixed results Thursday as earnings reports begin to come in.
The S&P 500 rose 0.4% and the Nasdaq rose 0.5%. However, the Dow fell 0.3%, and the Russell fell 0.4%. Markets held mixed sentiments throughout the day as earnings reports for large companies began to come in.
Overall, Big Tech performed decently heading into Amazon's critical earnings report. Apple rose 0.3%, Nvidia rose 3.1%, Amazon itself rose 1.1%, and Microsoft rose 0.6%. Even Palantir, Lumen, and CrowdStrike, key players in the tech industry outside of Big Tech, rose by substantial levels as investors remained confident.
However, unfortunately for Amazon, while it did beat estimates, its earnings did not appease investors enough. Thus, the company fell 7% in share price in Thursday's after-hours. Meanwhile, Fortinet and Monolithic Power Systems, two emerging tech giants, both reported positive earnings, both skyrocketing in after-hours.
DJT skyrocketed by nearly 7% as President Trump appoints members from its board and other positions into government positions, like the CIA.
The value of gold fell, while the USD strengthened.
