TheDrop Market Analysis, 11/03/25

Markets stagnated as investors await key election results across the nation, and Trump administration sounds alarm on interest rates.

Fed governor Stephen Miran.

The Dow Jones Industrial Average led losses today with its 0.48% decline in point value. The Russell was very close behind at just around 0.33% reduction in points. Meanwhile, the S&P 500 and the Nasdaq Composite managed to spearhead marginal gains throughout the day, with the former rising 0.17% and the latter rising 0.46% during market hours.

All kinds of commodities and currencies traded lower, with cryptocurrencies, precious metals like gold and silver, and the USD (against several major currencies like the pound) all in tandem weakened in valuation. The glimmer of hope for non-capital appreciation methods has been the bond market, which made a moderate 0.12% rise (10-Yr Bond rate).

Investors generally retreated or held to their shares of stock as they await key economic indicators this week, such as Fed officials' speeches, U.S. employment data, and job openings changes. However, investors were influences to hold off largely by the Trump administration's fearmongering of passive Fed policy as the sole contributor to the housing crisis and other segments of the economy experiencing "recession," with Fed official Stephen Miran and Treasury Secretary Scott Bessent calling out Jerome Powell's central bank for not pursuing deep interest rate reductions to provide relief for Americans. Nevertheless, other analysts like Bloomberg criticized the Trump-appointees for not acknowledging the heavily anti-inflationary policy which the Fed has propped up, like holding rates or pursing only minor cuts, to tackling the economic pressures of inherently inflationary tariff policy, as indicated by summer CPI and PPI data.

Key tech stocks like Nvidia and Google surged post-market due to assurances of significant investment into AI, including mass layoffs and ramifications to artificial intelligence infrastructure across firms.

Nvidia and Palantir experienced significant gains with >1% increases as a result of their new AI partnership, serving as a supplement to the overall shift toward bettering AI frameworks across firms and into the general industrial expanse.