Market Trends and Macroeconomic Data - Dow Jones Industrial Average dropped 133 points, representing a decrease of 0.25% [1] - S&P 500 index fell below 7,800, down 12 points, though still heading for its third consecutive winning week [1] - Nasdaq index declined by 98 points [1] - Cisco shares led the Dow lower with a 2.5% decrease [1] - University of Michigan consumer sentiment headline number came in at 51, which is 4 points lower than the expected 55 and represents the weakest sentiment since June when it was at 49.5 [2] - Current economic conditions sentiment index registered at 51.8% [2] - Consumer expectations index stood at 50.6%, coming in about 5 points weaker than expected [3] - Retail sales for July dropped by 0.6% (6/10 of a percent), falling way below economists' expectations of a slight increase [3] Industry and Company Performance - Disney theme parks delivered rock-solid results with earnings growth of 28% and great revenue growth, while continuing to raise ticket prices, drive demand, and expand streaming margins [5][6] - Disney shares were up 1% on the afternoon, though remaining in the red for the year [7] - Reddit shares surged by 14% following the announcement that the social media company will be added to the S&P 500 index [7]