TheDrop Market Analysis, 07/29/25

Markets sank today, solidifying the end of the stock market's long-winded winning streak.

The largest ETFs and index funds all went downhill today, with the S&P 500 composite falling 0.3%, the Dow 30 composite falling 0.46%, the Nasdaq composite falling 0.38%, and the Russell 2000 composite falling 0.61%. Internationally, the Japanese Nikkei 225 fell 0.79%, while the British blue chip-heavy FTSE 100 rose 0.6%.

Cryptocurrencies saw mixed results with Bitcoin falling yet again, while XRP rising. The USD's value weakened against the Euro, but strengthened against the Pound and the Yen. Gold and silver strengthened. Crude oil prices surged with an over 4.12% increase on average.

Markets generally performed quite abysmally due to U.S.-China trade talks closing without a deal, and the Trump administration's enforcement of a strict tariff truce that ends on August 12th. In addition, President Trump gave a 10-day warning on Russia to agree to ceasefire talks before tariffs will be put into affect among with other wartime measures.

Many earnings reports today proved fatal. Whirlpool cut its earnings and dividends to investors, UnitedHealth drastically lowered their outlook for profit, Novo Nordisk sank due to weak performance, and UPS also signaled weak guidance.

Magnificent Seven stocks performed bearish, with Google and Microsoft being the only two tickers of the infamous group to actually make gains. Google specifically is continuing to ride AI enthusiasm, especially after it announced further investments into artificial intelligence following the successful earnings report. Nvidia retreated from all-time highs.

SoFi Technologies saw the greatest success today as it beat in its earnings report once again, rising by double digits early Tuesday before leveling off to a 6.6% rise, still respectable.