S&amp;P 500 Index

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Exchange-Traded Funds Higher as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1.5%.US equity indexes rose amid strong gains in communications services, while a slide in government bond yields accompanied a drop in crude oil futures.EnergyIShares US Energy ETF (IYE) fell 0.8% and the State Street Energy Select Sector SPDR (XLE) was down 1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 1.2%; iShares US Technology ETF (IYW) rose 2.3%, and iShares Expanded Tech Sector ETF (IGM) added 1.9%.The State Street SPDR S&P Semiconductor (XSD) was up 0.8%, and iShares Semiconductor (SOXX) shed 0.5%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.2%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.5%.CommoditiesCrude oil declined 6%, and the United States Oil Fund (USO) fell 5.6%. Natural gas rose 0.4%, and the United States Natural Gas Fund (UNG) added 0.1%.Gold on Comex shed 0.3%, and the State Street SPDR Gold Shares (GLD) fell 0.4%. Silver rose fractionally, and iShares Silver Trust (SLV) dropped 0.6%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was down 0.3%. The Vanguard Consumer Staples ETF (VDC) slipped 0.3%, and iShares Dow Jones US Consumer Goods (IYK) fell 0.5%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 1.6%. VanEck Retail ETF (RTH) added 1.3%, and the State Street SPDR S&P Retail (XRT) gained 1.4%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) declined 0.5%, iShares US Healthcare (IYH) fell 0.5%, and Vanguard Health Care ETF (VHT) shed 0.4%. IShares Biotechnology ETF (IBB) was down 0.6%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 1%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) added 0.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) rose 1.3%, ProShares Ether ETF (EETH) was down 0.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.1% higher.

Japan45d ago

Update: Communication Services, Consumer Discretionary Lift US Equity Indexes in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose amid strong gains in communications services, while a slide in government bond yields accompanied a drop in crude oil futures.The Nasdaq Composite jumped 1.9% to 25,851.3, with the S&P 500 up 1.2% to 7,581.1 and the Dow Jones Industrial Average higher by 1.1% to 53,038.6.In a social media post over the weekend, Trump said he canceled a planned attack against Iran after being asked by Tehran and other Middle Eastern countries to hold off because the "perimeters of a deal has been agreed to." The proposed deal would include the "immediate, complete, and total opening" of the Strait of Hormuz, Trump wrote.However, Iran's Foreign Ministry Spokesman Esmail Baghaei rejected Trump's claim, saying no negotiations with the US were underway and no meetings were scheduled, Reuters reported. Iran has no plans to host foreign delegations or send negotiators abroad in the coming days, the news report cited Baghaei as saying.Nevertheless, the front-month US West Texas Intermediate crude oil slumped 5.9% to $79.72 a barrel, and global benchmark North Sea Brent dropped 4.6% to $83.88 a barrel.Most US Treasury yields declined, with the 10-year trading down 5.9 basis points to 4.69%, retreating from the 52-week high touched late last week. The two-year yield dropped 3.5 basis points to 4.26%.Alibaba (BABA) said it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B.

Dow JonesNasdaq CompositeS&P 500$BABA

Dow JonesNasdaq CompositeS&P 500$AZN$BA$BABA$BETH$BITO$BMY$EEM$EETH$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$ITGR$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$KKR$PMR$PSN$QQQ$RTH$SHEL$SLV$SOXX$SPY$TTE$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Monday Amid US-Iran Truce Hopes

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Monday's premarket activity as traders hope for a US-Iran truce.US stock futures were higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.9%, and Nasdaq futures gaining 0.3% before the start of regular trading.July's manufacturing data from S&P Global will be released at 9:45 am ET.The ISM's manufacturing report and June's construction data will be released at 10 am ET.In premarket activity, bitcoin was down by 1.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.8% lower, Ether ETF (EETH) retreated 1.7%, and Bitcoin & Ether Market Cap Weight ETF (BETH) declined 0.1%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.8%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.2%, and the iShares US Consumer Staples ETF (IYK) was 0.9% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) increased 1.1%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Alibaba (BABA) shares were up more than 4% pre-bell after the company said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 1.1%, the Vanguard Health Care Index Fund (VHT) was up 0.8%, while the iShares US Healthcare ETF (IYH) increased 0.04%. The iShares Biotechnology ETF (IBB) was 0.4% higher.AstraZeneca (AZN) stock was down more than 4% premarket, while Bristol Myers Squibb (BMY) gained 4% after Financial Times reported Sunday that the companies are in talks about a potential combination that would create a pharmaceutical company valued at nearly $400 billion.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.5%, the iShares US Technology ETF (IYW) was flat, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.5% lower, while the iShares Semiconductor ETF (SOXX) fell by 2.4%.Parsons (PSN) shares were up more than 2% in premarket activity after the company said it will serve as the lead designer for the Interstate 526 Long Point Road Interchange Improvements project in South Carolina.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.8%. Direxion Daily Financial Bull 3X Shares (FAS) was up 2.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 2.3% lower.KKR (KKR) shares were up more than 1% in early hours activity after the company entered into a definitive agreement to acquire Integer (ITGR) through affiliated funds in an all-cash transaction at an enterprise value of $5.70 billion. Integer stock was 2.6% higher.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.6%, while the Vanguard Industrials Index Fund (VIS) was up 0.6% and the iShares US Industrials ETF (IYJ) was 0.4% higher.Boeing (BA) stock was up more than 1% before the opening bell after the company said it has delivered Somon Air's first 737 Max aircraft.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1.2%.Shell (SHEL) stock was down more than 1% before market open after the company agreed to sell its European onshore renewables portfolio to TotalEnergies (TTE). TotalEnergies' shares were 0.6% lower.CommoditiesFront-month US West Texas Intermediate crude oil fell by 6.8% to $78.92 per barrel on the New York Mercantile Exchange. Natural gas was up 0.8% at $2.77 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 6.8%, while the United States Natural Gas Fund (UNG) was 0.5% higher.Gold futures for November advanced by 0.2% to $4,114.80 an ounce on the Comex. Silver futures gained by 0.7% to reach $58.18 an ounce. SPDR Gold Shares (GLD) was up by 0.1%, and the iShares Silver Trust (SLV) fell by 0.4%.

Dow JonesNasdaq CompositeS&P 500$AMD$AZN$BA$BABA$BMY$BP$BRK.A$BRK.B$CAT$COP$LLY$MAR$PLTR$SNDK$SPCX$UBER$WDC

Update: Middle East Diplomacy Optimism, Oil Price Decline Lift US Equity Futures Pre-Bell

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Monday as the US moved toward diplomacy in its war with Iran and oil prices fell.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.2% higher.President Donald Trump said in a post Sunday on Truth Social that he had cancelled an attack on Iran. "We have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to," Trump said, adding that the deal would include the complete opening of the Strait of Hormuz and "an end to Iran's nuclear threat."Palantir Technologies (PLTR) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $0.34 per share on revenue of $1.81 billion.Expected to report later in the week are SpaceX (SPCX), Advanced Micro Devices (AMD), Sandisk (SNDK), Western Digital (WDC), Caterpillar (CAT), ConocoPhillips (COP), Eli Lilly (LLY), Uber Technologies (UBER), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.6% at $82.97 per barrel and US West Texas Intermediate crude 6.7% lower at $78.97 per barrel.The final S&P Global manufacturing purchasing managers index for July, due at 9:45 am ET, is seen at 53.8, unchanged from its prior value, according to estimates compiled by Bloomberg.The July Institute for Supply Management's manufacturing index, due at 10 am ET, is projected at 53.9, up from 53.3 in the previous month. The June construction spending report is also due at 10 am ET.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 0.6% lower. Meanwhile, the UK's FTSE 100 was down 0.1%, and Germany's DAX index was 1.3% higher in Europe's early afternoon session.In equities, Alibaba (BABA) shares rose 3.6% after the company said in a social media post that it launched Qwen3.8-Max, its latest large language model, and plans to release the model's open weights next week alongside Qwen3.8-27B. Boeing (BA) stock was up 1.9% after the company said it delivered Somon Air's first 737 Max aircraft. BNP Paribas also upgraded Boeing's stock rating to outperform from underperform.Bristol Myers Squibb (BMY) shares were up 4.2% after a Financial Times report that the company was in talks with Astrazeneca (AZN) about a potential combination that would create a pharmaceutical company valued at nearly $400 billion. On the other hand, Astrazeneca stock was down 6.2%.On the losing side, BP (BP) shares fell 3.2% after the company completed the divestment of its Gelsenkirchen complex to independent refiner Klesch Group. Marriott International (MAR) stock was down 3.8% after the company reported lower-than-expected Q2 revenue and issued guidance for Q3 adjusted EPS that fell short of analysts' consensus.

Japan45d ago

Middle East Diplomacy Optimism, Oil Price Decline Lift US Equity Futures Pre-Bell

US equity futures were higher pre-bell Monday as the US moved toward diplomacy in its war with Iran and oil prices fell.Dow Jones Industrial Average futures were 1.1% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 0.3% higher.President Donald Trump said in a post Sunday on Truth Social that he had cancelled an attack on Iran. "We have just been asked by Iran, and other Middle Eastern Countries, to hold off any attack in that the perimeters of a deal has been agreed to," Trump said, adding that the deal would include the complete opening of the Strait of Hormuz and "an end to Iran's nuclear threat."Palantir Technologies (PLTR) is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $0.34 per share on revenue of $1.81 billion.Expected to report later in the week are SpaceX (SPCX), Advanced Micro Devices (AMD), Sandisk (SNDK), Western Digital (WDC), Caterpillar (CAT), ConocoPhillips (COP), Eli Lilly (LLY), Uber Technologies (UBER), and Berkshire Hathaway (BRK.A, BRK.B).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 5.2% at $83.35 per barrel and US West Texas Intermediate crude 6.2% lower at $79.45 per barrel.The final S&P Global manufacturing purchasing managers index for July, due at 9:45 am ET, is seen at 53.8, unchanged from its prior value, according to estimates compiled by Bloomberg.The July Institute for Supply Management's manufacturing index, due at 10 am ET, is projected at 53.9, up from 53.3 in the previous month. The June construction spending report is also due at 10 am ET.

Dow JonesNasdaq CompositeS&P 500$AMD$BRK.A$BRK.B$CAT$COP$LLY$PLTR$SNDK$SPCX$UBER$WDC

US Markets45d ago

Stocks Rise Pre-Bell as Trump Calls Off Planned Iran Strikes; Labor Market Data, Corporate Earnings on Deck

The benchmark US stock measures were pointing higher before the opening bell Monday as President Donald Trump said he called off a planned attack on Iran, while traders await fresh labor market data and more corporate earnings later in the week.The S&P 500 rose 0.5%, the Dow Jones Industrial Average increased 0.6% and the Nasdaq added 0.4% in premarket activity. All three main indexes finished Friday trading in the green.In a social media post over the weekend, Trump said he canceled a planned attack against Iran after being asked by Tehran and other Middle Eastern countries to hold off because the "perimeters of a deal has been agreed to." The proposed deal would include the "immediate, complete, and total opening" of the Strait of Hormuz, Trump wrote."I have agreed, for the future benefit of the world and, likewise, the survival of a successful and prosperous Iran, to cancel the attack, subject to being able to rapidly make a deal," Trump said. Media reports last week said Trump was preparing for a fresh round of strikes against Tehran.West Texas Intermediate crude oil dropped 5.8% to $79.77 a barrel before the open, while Brent fell 4.7% to $83.82.On Sunday, seven members of the Organization of the Petroleum Exporting Countries and its allies, or OPEC+, said they agreed to raise combined oil production by 188,000 barrels per day next month.Fresh labor market data is scheduled to be released later this week, beginning with the Job Openings and Labor Turnover Survey for June on Tuesday. Last month's ADP employment and Challenger Job Cut reports are due on Wednesday and Thursday, respectively. The government's nonfarm payrolls data for July is out on Friday.Treasury yields were trending lower in premarket action, with the two-year rate retreating 4.7 basis points to 4.24% and the 10-year rate declining 6.1 basis points to 4.68%.Monday's economic calendar has the final Purchasing Managers' manufacturing index for July at 9:45 am ET, followed by the Institute for Supply Management's manufacturing index for the same month at 10 am.Major companies including SpaceX (SPCX), Eli Lilly (LLY), Advanced Micro Devices (AMD), Caterpillar (CAT), Merck (MRK), McDonald's (MCD), Walt Disney (DIS), Shopify (SHOP) and Uber Technologies (UBER) are slated to release their latest quarterly results this week.Palantir Technologies (PLTR), Williams (WMB) and Snap (SNAP) post their earnings after the markets close Monday, while Marriott International (MAR), EchoStar (ECHO) and Tyson Foods (TSN) are expected to announce their financial statements before the bell, among others.AstraZeneca's (AZN) US-listed shares slipped 5.1% pre-bell following media speculation that the company is in talks with Bristol Myers Squibb (BMY) about a potential combination that would create a pharmaceutical company valued at nearly $400 billion. Bristol Myers' stock gained 6.4%.Atkore (ATKR) jumped 27% early Monday after the electrical products manufacturer agreed to be acquired by Italian cable maker Prysmian in an all-cash deal with an enterprise value of about $3.8 billion.Gold inched 0.1% higher to $4,109 per troy ounce, while bitcoin was down 1.2% at $62,596.

Dow JonesNasdaq CompositeS&P 500$AMD$ATKR$AZN$BMY$CAT$DIS$ECHO$LLY$MCD$MRK$PLTR$SHOP$SPCX$TSN$UBER$WMB

International45d ago

Falling Oil Boosts Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures pointed moderately higher pre-bell Monday after President Donald Trump, over the weekend, suspended plans for military strikes on Iran and said a peace deal and reopening the Strait of Hormuz may be on the table.In the futures, the S&P 500 rose 0.6%, the Nasdaq inclined 0.4%, and the Dow Jones was up 0.8%.West Texas Intermediate crude oil traded down 6% at $79.58 a barrel, in morning action.On the earnings front, Marriott International (MAR) plans to report results pre-bell, while Palantir Technologies (PLTR) and Vertex Pharmaceuticals are slated to release earnings after the market close.Earnings reports are expected later this week from Advanced Micro Devices (AMD), Sandisk (SNDK), SpaceX (SPCX), Merck (MRK), Western Digital (WDC), ON Semiconductor (ON), Disney (DIS), McDonald's (MCD), Caterpillar (CAT), ConocoPhillips (COP), Eli Lilly (LLY), Gilead Sciences (GILD), Pfizer (PFE), Shopify (SHOP), and Uber Technologies (UBER), among others.Investors also look forward to the Job Openings and Labor Turnover Survey, or JOLTS, bulletin on Tuesday from Washington, followed by the national employment situation report for July on Friday.Asian exchanges traded unevenly overnight, with Japan's Nikkei 225 retreating on reports that Tokyo and Washington have entered into foreign-exchange markets to boost the value of the yen.European bourses tracked moderately north midday on the continent.On the economic calendar is the S&P Global US PMI manufacturing final for July at 9:45 am ET, followed by the ISM Manufacturing Index for July, and the construction spending bulletin for June, at 10 am.In pre-market action, Bitcoin traded at $62,627, and 10-year US Treasuries offered 4.68%. Spot gold commanded $4,051 an ounce.

Dow JonesNasdaq CompositeS&P 500

Dow JonesNasdaq CompositeS&P 500$AMD$AMZN$MSFT$PLTR$SNDK$SPCX$TTWO

US Equity Investors to Focus on Quarterly Earnings, Nonfarm Payrolls, Iran Geopolitics This Week

US equity investors are expected to focus on earnings, labor market data, and messaging from top Federal Reserve officials this week while keeping an eye on crude oil prices amid geopolitical developments in the Middle East.* Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), SanDisk (SNDK), and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week. The so-called AI trade got a boost last week after Microsoft (MSFT) and Amazon.com (AMZN) showed blowout sales growth in artificial intelligence-related products and services.* Economic data this week includes non-farm payrolls, job openings, Challenger job cuts, jobless claims, and the labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.* Fedspeak resumes after the quiet period last week ahead of the central bank's July 28-29 policy meeting, with Fed Governor Lisa Cook and San Francisco Fed President Mary Daly both speaking on Wednesday, according to a note from Yardeni Research.* "They were not among the three hawkish dissenters at last week's FOMC meeting," Ed Yardeni, president of Yardeni Research, said, referring to the Fed's policy decision to stay on hold for the fifth consecutive meeting. "So it will be interesting to see which way they lean. That might give the financial markets some forward guidance, which Fed Chair Kevin Warsh refuses to do!"* President Donald Trump said a deal with Iran is imminent, with talks set to begin Monday, Al Jazeera, a Middle Eastern broadcaster, reported early Monday. Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Tehran is not currently holding talks with the US, and added the new Hormuz maritime route is being discussed with Oman, the news report said.* The front-month US West Texas Intermediate crude oil sank 5.8% to $79.76 a barrel early Monday, helping push the US 10-year Treasury yield lower by 5.3 basis points to 4.69%.

US Markets48d ago

Update: Wall Street Gains Amid Amazon Rally as July Ends Mostly Lower

(Updates with market moves at the end of the day, along with weekly and monthly index changes.)US equity indexes rose Friday as Amazon (AMZN) surged 15% post earnings, while Wall Street closed out July mostly lower.The Nasdaq Composite rose 1% to 25,373.85, while the S&P 500 climbed 0.7% to 7,489.72. The Dow Jones Industrial Average gained 0.5% to settle at 52,485.03. Among sectors, consumer discretionary was a standout gainer with its 6.1% advance, while materials saw the steepest drop of 2.7%.For the month of July, the Nasdaq shed 3.2% and the S&P 500 edged 0.1% lower, the second consecutive month of losses for both measures. The Dow added 0.3% to log its fourth straight monthly gain.All three indexes posted weekly gains, with the Nasdaq up 1.6%. The S&P 500 and the Dow climbed 1.1% and 1%, respectively.Amazon was the best performer on the Dow and the S&P 500. Late Thursday, the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note. "AWS' accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on invested capital) depressant it's been made out to be."Apple (AAPL) slumped 7.1%, the worst performer on the Dow and among the biggest declines on the S&P 500. The company missed market estimates for iPad and services revenue in its fiscal third quarter.Apple supply chain-related concerns could persist into fiscal 2027, UBS Securities said, after Chief Financial Officer Kevan Parekh flagged a worsening supply backdrop.West Texas Intermediate crude oil was up 1.1% at $84.52 a barrel in Friday late-afternoon trade, while Brent rose 1.2% to $90.12. Both benchmarks are set to close out July with monthly gains of more than 20%, following two consecutive monthly declines.Iran hit two tankers trying to transit the Strait of Hormuz under US military escort, CNBC reported, citing state run PressTV.Iran's army said Friday that it struck strategic US assets and military bases in Kuwait and Bahrain, following Washington's attacks against Iran, according to a separate CNBC report that cited state media.In other corporate news, oil giants Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year gains in their second-quarter results as supply disruptions in the Middle East boosted oil prices. Exxon shares fell 1%, while Chevron rose 2.4%.Newell Brands (NWL) jumped 9% as its second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Treasury yields were higher, with the 10-year rate up 5.5 basis points at 4.72%, while the two-year rate rose 3.3 basis points to 4.26%.The Federal Reserve may need to pursue an aggressive tightening cycle if it doesn't raise interest rates immediately to bring inflation down, the three dissenters at this week's monetary policy meeting said Friday.The central bank's 12-member Federal Open Market Committee maintained its benchmark rate on Wednesday, staying on hold for the fifth time. However, three regional Fed presidents -- Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas -- preferred to raise rates by a quarter percentage point.Spot gold declined 1.2% to $4,052.33 per troy ounce, while silver fell 1.6% to $58.08 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CVX$NWL$XOM

Equities48d ago

S&P 500 Posts Weekly Gain Amid AI Monetization Optimism

The Standard & Poor's 500 index rose 1.1% this week as hyperscalers showed the mega spend on the artificial intelligence buildout is being monetized.The market benchmark ended the week at 7,489.72. The index is now down 0.1% quarter-to-date but up 9.4% year-to-date.Microsoft (MSFT) and Amazon.com (AMZN) rose this week as quarterly results from the tech giants showed revenue growth in areas related to AI products and services, helping calm worries surrounding hundreds of billions of dollars of investments earmarked for the AI buildout.Microsoft reported triple-digit AI annual recurring revenue growth and an accelerating Azure trajectory into the end of 2026, Dan Ives, global head of technology at Wedbush Securities, said in a note to clients. The software behemoth's quarterly results, which included Azure's full-year revenue surpassing $100 billion for the first time, reinforced the idea that "any knee-jerk reactions to the elevated capex framework represent strong buying opportunities," Ives said.Shares of Microsoft were up 22% this week.The consumer discretionary sector in the S&P 500 had the largest percentage gain of the week, up 8.3%, followed by a 5.4% advance in communication services and a 1.2% rise in consumer staples.Sales at Amazon's cloud computing unit delivered the fastest growth in 18 quarters, helping the e-commerce giant exceed market expectations for Q2 earnings and revenue. Shares jumped 17% this week even as the e-commerce behemoth expanded its capital expenditure by about $20 billion to $220 billion.A consortium of banks led by Morgan Stanley (MS) is in talks to lend $15 billion to a data-center developer to build a campus and power plant for Anthropic in Texas, The Wall Street Journal reported Thursday, citing people familiar with the matter. Alphabet's (GOOG, GOOGL) Google would provide financial guarantees and chips for the project. Shares of Alphabet are up 12% this week.The three worst-performing S&P 500 sectors this week were utilities, real estate and materials, down 4.2%, 2.2%, and 1.7%, respectively.C.H. Robinson Worldwide (CHRW) said a jury in Texas issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier. Shares declined 21% this week.Edison International (EIX) said Thursday that Southern California Edison believes it is likely its equipment was associated with the ignition of the 2025 Eaton Fire, according to a Thursday quarterly filing. Southern California Edison recorded $1.6 billion in settlement-related losses and said it expects to incur additional material losses related to the fire, per the filing. Shares of Edison slumped 8% this week.Palantir Technologies (PLTR), Space Exploration Technologies (SPCX), Advanced Micro Devices (AMD), Caterpillar (CAT), Walt Disney (DIS), SanDisk (SNDK), Uber Technologies (UBER) and Take-Two Interactive Software (TTWO) are among the companies reporting their quarterly results next week.Economic data due next week includes non-farm payrolls, job openings and labor turnover survey, and ISM manufacturing and services purchasing managers' indexes.

S&P 500$AMD$AMZN$CAT$CHRW$DIS$EIX$GOOG$GOOGL$MS$MSFT$PLTR$SNDK$SPCX$TTWO$UBER

Dow JonesNasdaq CompositeS&P 500$AMZN$MSFT

US Equity Indexes Rise This Week as AI Monetization Evidence in Big-Tech Quarterly Results Energizes Bulls

US equity indexes rose this week as investors selectively rewarded big tech for delivering evidence that AI spend is being monetized, helping outweigh a surge in government bond yields.* The S&P 500 closed at 7,489.72 on Friday versus 7,411.98 a week ago. The Nasdaq Composite stood at about 25,373.85, compared with 24,975.82 a week earlier. The Dow Jones Industrial Average ended at 52,485.03, versus 51,947.25 at the end of last week.* Amazon's (AMZN) cloud-computing unit reported overnight the fastest sales growth in 18 quarters. Shares soared even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.* The Microsoft (MSFT) intelligent cloud segment's revenue increased 32% to $39.31 billion, buoyed by 43% growth in Azure and other cloud services, according to the company. Analysts expected a 40% year-over-year advance in Azure sales.* President Donald Trump said the US has an "understanding" with Israel to begin implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, CNN reported.* The Fed held its policy rate steady in a divided decision, as three officials called for policy tightening. The central bank reiterated its pledge to "deliver price stability" as inflation has remained above its 2% target amid supply shocks. The CME FedWatch tool showed a 66% probability of the Federal Reserve raising interest rates by 25 basis points in September, up from 51% a month ago, with the likelihood of rate increases also climbing in October and December.* In economic news, the personal consumption expenditures, or PCE, price index fell in June, as expected, cutting the year-over-year rate. Core PCE climbed less than forecast, helping to drive a decline in the annual rate.* The US 10-year yield traded at 4.74% late Friday, after earlier touching its highest level in 52 weeks.

Update: US Equity Indexes Rise as Amazon's Results Boost Consumer Discretionary, Crude Oil Trades Off Session Highs

(Updates with index/price moves and macroeconomic data from the first paragraph.)US equity indexes rose following a lift by standout gainers consumer discretionary and communication services, and as President Donald Trump signaled an agreement between Israel and militant group Hamas.The Nasdaq Composite rose 1% to 25,373.85, with the S&P 500 up 0.7% to 7,489.72 and the Dow Jones Industrial Average higher by 0.5% to 52,485.03 on Friday.Consumer discretionary catapulted 6.1%, and communication services soared 4.6%, outweighing a retreat led by materials.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 7.4%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.A senior Hamas official told CNN that the militant group had agreed to the deal with the US-backed Board of Peace, contingent on Israel upholding its obligations. Hamas has never before agreed to a specific plan to hand over its weapons, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.4% to $84.75 a barrel, and global benchmark North Sea Brent advanced 1.2% to $90.12 a barrel. Both crude types traded off their respective session highs.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 4.7 basis points to 4.71% after touching its 52-week high intraday. The two-year yield climbed 4.4 basis points to 4.27%.In precious metal markets, gold futures dropped 1.3% to $4,107.3, and silver futures slumped 1.5% to $58.13.Further in economic news, the University of Michigan consumer sentiment index was revised upwards to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg. That was above the final reading of 49.5 in June.The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported on Friday. This was above the consensus estimate of a 0.8% gain in a Bloomberg-compiled survey.

Japan48d ago

US Equity Markets End Higher on Amazon's Profit Surge, Communications Services Rally

US equity indexes ended higher Friday after Amazon.com's (AMZN) Q2 profit soared and the communication-services sector rallied.* Amazon's shares rose 15%, the top gainer on the S&P 500, a day after the e-commerce giant's Q2 results topped Wall Street's estimates on cloud-computing business strength.* A University of Michigan survey showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years.* The University of Michigan consumer sentiment index was revised upward to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg.* The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported. That topped the consensus estimate of a 0.8% gain in a Bloomberg survey.* September West Texas Intermediate crude oil rose $1.20 to settle at $84.79 per barrel, while September Brent crude, the global benchmark, was last seen up $1.06 at $90.09.* Apple (AAPL) shares fell 7.4%, the biggest drop on the Nasdaq, a day after the company missed market estimates for iPad and services revenue in fiscal Q3.

Japan48d ago

Update: US Equity Indexes Rise Amid Amazon-Fueled Gains in Consumer Discretionary While Crude Oil Trades Off Session Highs

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes rose following a lift by standout gainers consumer discretionary and communication services, and as President Donald Trump signaled an agreement between Israel and militant group Hamas.The Nasdaq Composite rose 1.1% to 25,396.2, with the S&P 500 up 0.8% to 7,499.1 and the Dow Jones Industrial Average higher by 0.7% to 52,590.6 ahead of Friday's close.Consumer discretionary catapulted 6%, and communication services soared 4.3%, outweighing a retreat led by materials in the final leg of trading.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 8.4%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.A senior Hamas official told CNN that the militant group had agreed to the deal with the US-backed Board of Peace, contingent on Israel upholding its obligations. Hamas has never before agreed to a specific plan to hand over its weapons, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.2% to $84.63 a barrel, and global benchmark North Sea Brent advanced 1.2% to $90.12 a barrel. Both crude types traded off their respective session highs.

Dow JonesNasdaq CompositeS&P 500$AAPL$AMZN$CVX$NWL$XOM

US Markets48d ago

Update: Equity Markets Rise Intraday Amid Amazon's Post-Earnings Rally

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, supported by Amazon's (AMZN) post-earnings rally, though Apple's (AAPL) shares tumbled after the iPhone maker flagged worsening supply constraints.The Nasdaq Composite was up 0.9% at 25,342.7 after midday Friday, while the S&P 500 climbed 0.7% to 7,485.7. The Dow Jones Industrial Average rose 0.6% to 52,521.3. Among sectors, consumer discretionary was a standout gainer with its 6% advance, while materials saw the steepest drop.Amazon' shares jumped 15% intraday, the best performer on the Dow and the S&P 500. Late Thursday, the e-commerce giant reported second-quarter earnings above Wall Street's estimates amid a 37% jump in its Amazon Web Services cloud computing business."Amazon's (second-quarter) print was exactly what bulls wanted," RBC Capital Markets said in an emailed client note. "AWS' accelerating 37% growth beat the bogey, the backlog meaningfully accelerated and AWS's margin flow-through would suggest AI may not be the (return on invested capital) depressant it's been made out to be."Apple was down 9.7%, the worst performer on the Dow and among the biggest declines on the S&P 500. The company missed market estimates for iPad and services revenue in its fiscal third quarter. The tech giant recently increased prices for MacBooks and iPads amid surging memory and storage chip costs.On the earnings call late Thursday, Apple Chief Executive Tim Cook flagged supply constraints in the September quarter affecting iPhone, Mac, and iPad."We continue to expect high levels of demand. However, with less flexibility in supply chain, we expect the impact from the supply constraints to increase significantly sequentially," he told analysts, according to a FactSet transcript.West Texas Intermediate crude oil was up 1.4% at $84.74 a barrel intraday, while Brent rose 1.1% to $90.03. Both benchmarks are set to close out July with monthly gains of more than 20%, following two consecutive monthly declines.Iran hit two tankers trying to transit the Strait of Hormuz under US military escort, CNBC reported, citing state run PressTV.Iran's army said Friday that it struck strategic US assets and military bases in Kuwait and Bahrain, following Washington's attacks against Iran, according to a separate CNBC report that cited state media.In other corporate news, oil giants Exxon Mobil (XOM) and Chevron (CVX) reported year-over-year gains in their second-quarter results as supply disruptions in the Middle East boosted oil prices. Exxon shares fell 1.5%, while Chevron rose 1.7%.Newell Brands (NWL) jumped 14% as its second-quarter earnings unexpectedly rose year over year on the back of tariff refunds, while the consumer products manufacturer returned to revenue growth for the first time in more than four years.Treasury yields were higher, with the 10-year rate up 7.4 basis points at 4.74%, while the two-year rate jumped six basis points to 4.29%.The Federal Reserve may need to pursue an aggressive tightening cycle if it doesn't raise interest rates immediately to bring inflation down, the three dissenters at this week's monetary policy meeting said Friday.The central bank's 12-member Federal Open Market Committee maintained its benchmark rate on Wednesday, staying on hold for the fifth time. However, three regional Fed presidents -- Beth Hammack of Cleveland, Neel Kashkari of Minneapolis and Lorie Logan of Dallas -- preferred to raise rates by a quarter percentage point.Spot gold declined 1.5% to $4,043.11 per troy ounce, while silver fell 2.3% to $57.65 per ounce.

Update: Consumer Discretionary Helps Push US Equity Indexes Higher Following Amazon's Blowout Results

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes traded higher, as standout gainers, consumer discretionary and communication services, helped offset a broad-based sectoral decline amid a surge in government bond yields.The Nasdaq Composite rose 0.6% to 25,277.1, with the S&P 500 up 0.5% to 7,472.5 and the Dow Jones Industrial Average higher by 0.5% to 52,452.8.Consumer discretionary catapulted 5.9%, and communication services soared 3.7%, outweighing a broad-based retreat led by materials and technology.Amazon's (AMZN) web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 15%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple (APPL), meanwhile, sank 9%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.Iran said Friday that it had targeted US military assets at Kuwait's Ahmad Al-Jaber airbase, describing the attack as retaliation for US strikes a day earlier, Al Jazeera, a Middle East broadcaster, reported Friday. The US has not responded to Iran's attack yet, and specific details about the damage and casualties are not known, the news report said.Meanwhile, President Donald Trump said the US has an "understanding" with Israel to start implementing an agreement in Gaza that would require Israeli forces to withdraw and Hamas to give up its weapons, a critical step in implementing a multi-phase peace plan to end the war, according to CNN.The front-month US West Texas Intermediate crude oil climbed 1.3% to $84.71 a barrel, and global benchmark North Sea Brent advanced 1.1% to $89.98 a barrel. Both crude types traded off their respective session highs.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 7.4 basis points to 4.74% after touching its 52-week high intraday. The two-year yield soared 6.2 basis points to 4.29%.In precious metal markets, gold futures dropped 1.5% to $4,100.2, and silver futures slumped 2.2% to $57.71.Further in economic news, the University of Michigan consumer sentiment index was revised upwards to 55.2 for July from 54.4 in the preliminary estimate, compared with expectations for a downward revision to 54.0 in a survey compiled by Bloomberg. That was above the final reading of 49.5 in June.The quarterly US employment cost index rose by 0.9% in Q2, in line with the previous quarter, the US Bureau of Labor Statistics reported on Friday. This was above the consensus estimate of a 0.8% gain in a Bloomberg-compiled survey.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH

Exchange-Traded Funds Mixed, US Equities Higher After Midday

Broad Market IndicatorsBroad-market exchange-traded fund IWM fell and IVV rose. Actively traded Invesco QQQ Trust (QQQ) rose 0.4%.US equity indexes were higher, with Amazon.com (AMZN) shares rising and Apple (AAPL) down following their quarterly results, as the 10-year government bond yield soared to the highest level in a year amid rising crude oil prices.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.2%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) slipped 0.3%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) each added about 0.2%.The State Street SPDR S&P Semiconductor (XSD) rose 1.1%, and iShares Semiconductor (SOXX) advanced 1.4%.FinancialThe State Street Financial Select Sector SPDR (XLF) rose 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 0.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 0.4%.CommoditiesCrude oil rose 1.2%, and the United States Oil Fund (USO) gained 1.1%. Natural gas fell 1.2%, and the United States Natural Gas Fund (UNG) lost 0.7%.Gold on Comex shed 1.5%, and the State Street SPDR Gold Shares (GLD) fell 1.6%. Silver was down 2.3%, and iShares Silver Trust (SLV) dropped 2.9%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was down 0.3%. The Vanguard Consumer Staples ETF (VDC) slipped 0.4%, and iShares Dow Jones US Consumer Goods (IYK) fell 0.6%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 3.2%. VanEck Retail ETF (RTH) added 3%, and the State Street SPDR S&P Retail (XRT) fell 0.8%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) declined 0.5%, iShares US Healthcare (IYH) fell 0.8%, and Vanguard Health Care ETF (VHT) shed 0.8%. IShares Biotechnology ETF (IBB) was down 2.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) rose 0.9%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dipped 3.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 3.1%, ProShares Ether ETF (EETH) was down 3.3%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 3.4% lower.

Update: US Equity Indexes Search for Direction as Amazon, Apple's Quarterly Results Divide Investors

(Updates with index/price moves, macroeconomic data, and company/geopolitical news from the first paragraph.)US equity indexes traded higher as market heavyweights Amazon.com (AMZN) and Apple (AAPL) diverged after reporting quarterly results and as the 10-year government bond yield soared to the highest level in a year amid crude oil gains.The Nasdaq Composite rose 0.5% to 25,257.5 after midday Friday. The S&P 500 climbed 0.4% to 7,468.1, and the Dow Jones Industrial Average advanced 0.4% to 52,439.7. Both the S&P 500 and the Nasdaq traded lower earlier in the session.Amazon's web services cloud-computing unit reported overnight the fastest sales growth in 18 quarters, helping the e-commerce giant handily exceed market expectations for Q2 earnings and revenue. Shares soared 14%, the top gainer on the S&P 500, the Nasdaq, and the Dow, even as the retailer expanded its full-year 2026 capital expenditure guidance by about $20 billion to $220 billion.Apple, meanwhile, plunged 14%, among the worst performers on the S&P 500, the Nasdaq, and the Dow. The company missed market estimates for iPad and services revenue overnight in fiscal Q3, after recently raising prices for MacBooks and iPads amid surging memory and storage chip costs.In geopolitical news, Iran said Friday that it had targeted US military assets at Kuwait's Ahmad Al-Jaber airbase, describing the attack as retaliation for US strikes a day earlier, Al Jazeera, a Middle East broadcaster, reported Friday. The US has not responded to Iran's attack yet, and specific details about the damage and casualties are not known, the news report said.The front-month US West Texas Intermediate crude oil jumped 2.1% to $85.38 a barrel, and global benchmark North Sea Brent advanced 1.4% to $90.26 a barrel, as no end is in sight for the Iran war.In economic news, a survey conducted by the University of Michigan showed respondents expect a 4.2% inflation rate over the next year, down from 4.6% in June, and 3.3% annual inflation over the next five years, in line with a month ago. The Federal Reserve has remained above its 2% inflation target for more than five years."Let me reiterate. There is no soft inflation target. There is no soft implicit target. Not on this committee's watch. There's only a target, and it's 2%," Fed Chair Kevin Warsh said in a press briefing after the central bank overcame dissent from three policy makers to leave interest rates unchanged on Wednesday.US Treasury yields surged, with the 10-year trading up 7.2 basis points to 4.74% after touching its 52-week high intraday. The two-year yield soared 6.4 basis points to 4.29%.