The S&P 500 Index rose 1.12%, the Dow Jones Industrial Average increased by 0.64%, and the Nasdaq 100 jumped 2.69% on July 30, 2026. The gains were bolstered by Microsoft, whose stock surged over 15% after reporting a 43% increase in Q4 Azure and cloud services revenue, exceeding expectations. The market’s focus now shifts to upcoming earnings reports from Amazon and Apple.
In economic news, the U.S. economy showed mixed signals: Q2 GDP growth was 1.5%, below the expected 2.0%, while initial unemployment claims rose by 9,000 to 197,000, better than the projected 200,000. Core PCE price index rose 3.3% year-over-year, meeting expectations. Conversely, personal spending grew by 0.3%, shy of the anticipated 0.4%.
Inflation concerns persisted as the bond market reacted with rising yields; the 10-year T-note yield climbed to 4.66%. In the Middle East, tensions remain as ongoing negotiations between the U.S. and Iran for stability in the Strait of Hormuz continue, amid recent U.S. airstrikes targeting Iranian military sites.
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