TheDrop Market Analysis, 10/29/24

Like yesterday, markets cooled to stagnation as investors have a variety of fears and positive cues.

While the Dow fell today, the S&P 500 and Nasdaq grew, especially the Nasdaq with its 0.8% rise. Today marks the beginning of the next wave of earnings report for Big Tech in the coming weeks.

Google's earnings report came out today, highlighting positive results for the company, drastically different from its Q2 report. Thus, Google rose to new highs, increasing by just under 2%. Other tech companies like Apple and Nvidia reacted highly to the news, as their stock increased as well.

Meanwhile, some companies found their reports to be failures, including Crocs, Icahn Enterprises, and JetBlue. This highlights mixed sentiments in the market which are contributing to vastly different outcomes between Big Tech and other smaller industries throughout the nation.

Continuing its weeks-long streak, Trump Media surged once again to a new recent high of $51 as the president gains in the polls.