Today's Market Summary

📉 Market Recap – July 29, 2025

Today, U.S. stocks paused their recent rally as investors turned cautious ahead of the Federal Reserve's decision tomorrow. The S&P 500 fell by 0.3%, breaking a six-day winning streak. The Dow Jones dropped ~205 points (-0.5%), and the Nasdaq slid 0.4%.

📊 Major Indexes

• S&P 500: 6,370.86 (−0.3%)
• Dow Jones: 44,632.99 (−0.5%)
• Nasdaq Composite: 21,098.29 (−0.4%)
• Russell 2000: 2,242.96 (−0.6%)

💼 Key Movers

• SoFi jumped 14% on strong earnings.
• Nvidia slipped 0.6% despite China AI chip news.
• Spotify dropped over 10% after earnings miss.
• Sarepta and Celestica rallied 18% and 20% respectively.

🏛️ Federal Reserve Watch

All eyes are on the Fed's policy meeting, which concludes Wednesday, July 30. While no rate hike is expected, traders are focused on the tone of Chair Powell's press conference and any hints about future rate cuts later in 2025.

🌍 Other Market Factors

• U.S.–China trade tensions remain unresolved as tariff pause nears expiration on August 12.
• Oil prices rose nearly 4%, while Bitcoin hovered around $117,500.
• Union Pacific and Norfolk Southern confirmed an $85B merger deal.

🔮 What to Expect This Week

Date	Event	Expected Impact
July 30	Fed rate decision + Powell press conference	High – will influence market direction for weeks
July 31	Q2 GDP & PCE inflation data	Medium – could validate or contradict Fed narrative
August 1	U.S.–China tariff deadline looms	High – potential volatility trigger

📌 Bottom Line

Today’s modest decline isn’t necessarily a bearish reversal—it’s a wait-and-see pause. With the Fed in focus, plus earnings and macro data coming mid-week, markets may stay choppy. Still, strong earnings from major tech firms and potential Fed flexibility keep the long-term outlook constructive.

Check back tomorrow for a full update after the Fed meeting and market close!