TheDrop Market Analysis, 07/17/25

Markets rose all across the board as the House of Representatives passed the GENIUS Act, one of the most notable cryptocurrency policies of American history, and brought forth the bill to the desk of President Trump.

Senator Bill Hagerty, who was first to introduce the GENIUS Act to a congressional committee.

The Standard & Poor's 500 index rose 0.54%, the Dow Jones 30 index rose 0.52%, the Nasdaq index rose 0.75%, and the Russell 2000 index rose by the largest margin of all four by 1.2%.

All large foreign ETFs also did substantially well, modeling their American counterparts. The FTSE 100 index rose 0.52% and the Nikkei 225 (Japan) index rose 0.60%.

However, very unsurprising was the rise of currency trading today as a result of the passage of the GENIUS Act in the U.S. House of Representatives, which would make stablecoin distribution more accessible through greater government oversight of stablecoin. Bitcoin once again made an all-time high with a valuation of well over $120,000 per Bitcoin, while the USD strengthened against all other large currencies (with exception of Euro), while gold and silver made very narrow rises in value. Furthermore, Ethereum continued its winning streak with an over 3% rise, and XRP modeled the former's surge just recently with a 13.9%.

While stock traders won today, some economists panicked as the Fed issue got even tighter. Although Trump yesterday promised not to depose Fed chair Jerome Powell, tension between Powell and pro-Trump officials escalated after Fed official Christopher Waller made his strongest outcry for rate cuts yet.

Netflix beat in earnings today, leading to the stock surging during market hours.

The Coca-Cola Company (KO) surged today after the Trump administration demanded it to change the ingredients of its most popular beverage from high fructose corn syrup to cane sugar, following the general trend of greater government oversight over food components, with a specific red food dye in the chopping block not too long ago.

Most Mag. 7 companies either rose or stagnated with the exception of Tesla, as its rival Lucid partnered with Uber to expand its EV operations and tackle Tesla's monopoly over the industry.

So, the passage of the GOP-spearheaded bill in the House caused stocks to rise Thursday.