TheDrop Market Analysis, 08/19/25
- Alexangel Ventura
- 5 days ago
- 1 min read
Markets slowed today as investors pulled out from Magnificent Seven stocks and other big names of the Nasdaq after Bank of America's warning earlier this week.
The S&P 500 composite fell 0.6%, the Dow 30 rose 0.02%, the Nasdaq fell 1.46%, and the Russell 2000 fell 0.78%. The Nikkei 225 also fell 0.38%, while the British FTSE 100 made a rebound with its 0.34% rise.
Cryptocurrency saw a second day of hardship as Bitcoin fell 2.6% and the XRP fell 5.9%.
Furthermore, the 10-yr bond rate fell 0.9%; crude oil rise 1.43%; gold, silver, and the U.S. dollar weakened over the course of the day.
The Magnificent Seven and other notable names of the Nasdaq index all fell with barely any outliers; Nvidia led the pack with its 3.5% fall. Investors saw Bank of America's warning this week very strongly as an indicator for future market trends: that the "hottest" companies right now may not be so successful as new players emerge, especially in the technology sector.
Palantir had an unexpected 9.35% plummet as investors retreated capital from the bloated (perceived, at least) stock. This loss marked the fifth straight bearish performance for the stock.
