TheDrop Market Analysis, 02/07/25
- Alexangel Ventura
- Feb 7
- 1 min read
Stocks fell on Friday following a weaker-than-expected earnings report.
The S&P 500 fell by nearly 1%, the Dow fell 1%, and the Nasdaq fell 1.4%. Stocks fell following today's earnings report, which indeed showed a lower unemployment rate, but also highlighted weaker job growth, showing the resilience of the economy to rapid growth. As a result, investors freaked out over the course of the day, selling off nearly everywhere in the stock market.
Trump's tariff threats, especially in Japan during Prime Minister Ishiba's visit to Washington, exacerbated the selloff. However, they did lead to the strengthening of the USD and gold.
Most stocks sold off, especially in the Nasdaq index; Google fell 3.2%, Apple fell 2.4%, Amazon fell 4.1%, and Tesla fell 3.4%. However, Nvidia stood as a sole outlier in its field, marginally rising 0.9%, as it continues to make a strong recovery.
