TheDrop Market Analysis, 07/24/25

Markets rose quite expectedly as sentiments for big tech stocks, particularly Google, surged following a key earnings report on Wednesday.

Google founders Larry Page (left) and Sergey Brin (right), who are still amongst the greatest shareholders of Alphabet Inc. (Google) stock.

The Nasdaq index, the most technology-dense composite listed on the market, rose 0.2% to yet another all-time record, while the S&P 500 index rose by a comparable 0.1%. Meanwhile, the Dow Jones 30 composite fell 0.6%, as several of its tickers like IBM fell due to post-earnings slumps. The FTSE ETF saw similar success with a 0.85% rise, while the Japanese Nikkei 225 fell 0.39% as enthusiasm from the American-Japanese trade deal begin to ease.

While crude oil stagnated, gold fell while silver rose; the value of the U.S. dollar weakened as Trump-Powell tensions escalate after unexpected meeting in the Federal Reserve over renovation and rate cuts. The 10-yr bond rate rose yet again by 0.46% as investors anticipate an improving economy.

As for cryptocurrencies, Bitcoin fell 1.35% as it continues to level off from its hiatus last week; XRP has also fallen.

Stocks generally rose today after Google reported very positive results from its Q2 earnings report late Wednesday, provoking higher sentiment for artificial intelligence, which it has so far crusaded successfully. The stock rose 0.88% today as a result. Most of the Magnificent Seven surged, with the exception of Apple (Google's competitor in AI) and Tesla, which saw an underwhelming earnings report yesterday contrary to Google's.

IBM made headlines today as its earnings report proved to be a flop, setting the stock plummeting by over 7.6%. The company has yet to make a similar impact in cloud wave infrastructure as Microsoft and Amazon, and it faces slowing sales as its more traditional product base becomes in lesser demand.