Dow DJIA Breaks Below Support As Buyers Give Up on ATH
The Dow Jones retreated again today, down more than 2% from all time highs, slipping below short-term support as profit-taking and rate...
Quick overview
- The Dow Jones fell over 2% from its all-time highs, reflecting profit-taking and rate-sensitive selling.
- Despite a strong start fueled by Big Tech earnings, major US indices reversed lower, showcasing the volatility typical of earnings season.
- While the NASDAQ showed relative strength, the Dow and other indices slipped into negative territory, indicating a pause in upward momentum.
- Selective market behavior was evident after hours, with stocks like Apple and First Solar gaining, while Amazon and Coinbase faced pressure.
Live DOW Chart
The Dow Jones retreated again today, down more than 2% from all time highs, slipping below short-term support as profit-taking and rate-sensitive selling weighed on blue chips.
Market Reversal and Earnings Volatility
Thursday’s trading session delivered a sharp turn for Wall Street. After strong morning gains fueled by Big Tech earnings, the major US indices reversed lower as profit-taking and renewed caution on interest-rate sensitivity set in. The episode reflected the hallmark volatility of earnings season, where strong corporate performance does not always translate into lasting market strength.
Index Behavior and Dow Retreat
The NASDAQ showcased relative strength, buoyed by investor appetite for mega-cap growth, while the Dow Jones, S&P 500, and Russell 2000 all slipped into negative territory. The Dow’s retreat was particularly notable, as it backed off its all-time highs after failing to break out to new records. The index fell below its 20-day simple moving average (gray), which had been acting as support, putting it more than 2% off its peak and signaling a pause in the upward momentum.
After-Hours Stock Movers
After the closing bell, trading reflected a selective market environment. Apple and First Solar saw renewed buying interest on strong earnings reports, while Amazon and Coinbase came under pressure following mixed results and cautious guidance. This pattern reinforces the market’s recent tilt toward stock-specific opportunities rather than broad risk-on sentiment.
US Main Stock Index Performance
- Dow Jones Industrial Average: Fell -330.30 points (-0.74%) to 44,130.98, after rising as much as +204.54 points earlier in the session.
- S&P 500: Dropped -23.51 points (-0.37%) to 6,339.39, giving back a +64.12 point intraday rally.
- NASDAQ Composite: Closed down a marginal -7.23 points (-0.03%) at 21,122.45, after climbing +327.81 points to session highs.
- Russell 2000: Led the declines, falling -20.74 points (-0.93%) to 2,211.64, after being briefly up +3.23 points.
Despite the broader market reversal, Meta and Microsoft managed to hold the majority of their post-earnings gains.
Notable Stock and Earnings Highlights
Meta Platforms (META):
- Jumped $78.23 (+11.25%) to $773.44 after blockbuster Q2 earnings and bullish forward guidance.
Microsoft (MSFT):
- Gained $20.26 (+3.95%) to $533.50, continuing momentum from its strong cloud-driven earnings beat.
Apple (AAPL) – Q3 2025:
- EPS $1.57 vs. $1.43 est. ✅ Beat
- Revenue $94.04B vs. $89.29B est. ✅ Beat
- Shares traded up $3.80 (+1.83%) to $211.46 after hours.
Coinbase (COIN) – Q2 2025:
- EPS $5.14 (vs. $1.26 est., not directly comparable)
- Revenue $1.56B vs. $1.60B est. ❌ Miss
- Adj. EBITDA $512.1M vs. $608.2M est. ❌ Miss
- Shares fell $16.21 (-4.29%) to $361.80.
Stryker (SYK) – Q2 2025:
- EPS $3.13 vs. $3.05 est. ✅ Beat
- Revenue $6.00B vs. $5.91B est. ✅ Beat
- Shares declined $14.78 (-3.76%) to $377.95 despite solid results.
First Solar (FSLR) – Q2 2025:
- EPS $3.18 vs. $2.63 est. ✅ Beat
- Revenue $1.10B vs. $1.03B est. ✅ Beat
- Shares rose $7.27 (+4.16%) to $182.00 on upbeat performance.
Amazon (AMZN) – Q2 2025:
- EPS $1.68 vs. $1.33 est. ✅ Beat
- Revenue $167.7B vs. $161.91B est. ✅ Beat
- AWS Net Sales $30.9B vs. $30.77B est. ✅ Slight Beat
- Shares slipped $7.13 (-3.05%) to $226.96 as cautious guidance weighed.
Market Outlook and Risks
With market breadth narrowing and small-cap stocks lagging, the broader indices could remain vulnerable in the near term. While individual corporate earnings remain strong, investor focus is clearly shifting toward selective positioning, macro headwinds, and rate sensitivity. The Dow’s inability to secure a breakout highlights the market’s current hesitation, leaving traders watching for either a rotation into cyclicals or further consolidation before the next leg higher.
Dow Jones Live Chart
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