Markets worldwide start going on a tear
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Powell puts rate cut on table
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LIVE UPDATES Stock Market Today: Dow drops 650 points, Treasury yields slide after weak July jobs report, Trump tariff blitz Last Updated: Aug 1, 2025, 6:11 AM EDT 11 min ago
The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.
US stocks retreated on Tuesday as investors digested the latest wave of corporate earnings, economic data, and various tariff updates. Palantir (PLTR) stock jumped roughly 7% after the company's earnings report beat expectations and revealed its revenue had topped $1 billion in a quarter for the first time.
The Nasdaq and S&P 500 slid on Tuesday driven by tech stocks, as investors gear up for what Federal Reserve chair Jerome Powell will say about the path of interest rates at a key conference later in the week.