TheDrop Market Analysis, 07/30/25

Markets largely fell as positive economic report convinces Fed to hold rates in July.

Chair of the Federal Reserve Bank Jerome Powell.

The S&P 500 composite fell 0.12%, the Dow 30 composite fell 0.38%, and the Russell 2000 composite fell 0.47%. Meanwhile, the tech-heavy Nasdaq composite rose 0.15%, driven by much of Nvidia's gains today.

Markets fell today after the release of the BEA's GDP forecast which projected a 3% rise, a contrast to Q1's contraction; although a good marker for the economy, is it also reasonable suspicion for the Federal Reserve that a rate cut is unnecessary, leading to Fed chair Jerome Powell's announcement today that "rates remain steady."

Nvidia stock rose by over 2% as price targets rose for it, alongside other members of the Magnificent Seven stocks. Microsoft rose during the day while surging in after hours due to a very successful earnings report.