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SoFi Technologies rallied, but Merck and UPS fell

The S&P 500 fell 0.3% Tuesday after setting all-time highs

Wed, Jul. 30, 2025
U.S. stock indexes
U.S. stock indexes

U.S. stock indexes edged back from their record levels as a busy week for Wall Street picks up momentum.

The S&P 500 fell 0.3% Tuesday after setting all-time highs for six straight days. The Dow Jones Industrial Average dropped 204 points, and the Nasdaq composite sliced 0.4% off its own record.

SoFi Technologies rallied, but Merck and UPS fell following a jumbled set of profit reports. Treasury yields sank in the bond market as the Federal Reserve began a two-day meeting on interest rates. Reports suggested the U.S. economy remains solid but is slowing.

The S&P 500 fell 18.91 points, or 0.3%, to 6,370.86.

The Dow Jones Industrial Average fell 204.57 points, or 0.5%, to 44,632.99.

The Nasdaq composite fell 80.29 points, or 0.4%, to 21,098.29.

The Russell 2000 index of smaller companies fell 13.76 points, or 0.6%, to 2,242.96.