TheDrop Market Analysis, 07/11/25
- Alexangel Ventura
- Jul 11
- 1 min read
Markets fell on Friday, reversing some of the gains made this week and halting stocks' winning streaks.
The S&P 500 index fell 0.33%, the Dow 30 index fell 0.63%, the Nasdaq index fell 0.22%, and the Russell 2000 index fell 1.26%. Meanwhile, the VIX volatility index strengthened.
In the realm of cryptocurrency, while the U.S. dollar weakened again, gold and Bitcoin strengthened to strong highs.
Markets collapsed today as President Trump announced an even greater wave of tariffs on foreign trading partners. This included possibly raising the flat 10% tariff set on all countries, as well as a 35% tariff on all imports from Canada, which previously negotiated a trade deal with the United States a few months ago.
While other stocks stagnated, the Magnificent Seven grew, particularly NVDA which approached a near all-time high of $164.92 per share through a 0.5% rise. Alphabet, Amazon, and Tesla also grew significantly while Apple, Microsoft, and Meta stagnated like the rest of the market.
However, smaller members of the Nasdaq like Oracle and Lucid fell as their bigger companions took the spotlight.
MicroStrategy saw a huge 3% rise as Bitcoin rose. The company ranks as one of the biggest holders of cryptocurrency in the publicly traded market.
