Stock Market Update
30-Jul-26 15:30 ET
Apple, Amazon, and BOJ up next
Dow +652.75
at 52246.89,
Nasdaq +708.89
at 25172.84,
S&P +128.33
at 7444.48
[BRIEFING.COM] New session highs were reached a short time ago, enabling the Dow Jones Industrial Average to reclaim roughly 55% of the losses it suffered yesterday, which was its biggest loss since April 2025.
Microsoft (MSFT 456.85, +66.31, +16.98%) continues to dominate the action, as it has all day, raising the bar of expectations for Apple (AAPL 333.26, -4.93, -1.46%) and especially Amazon (AMZN 239.56, +12.92, +5.70%) when they report tonight. The Nasdaq Composite is up nearly 3.0%, while the Nasdaq 100 sports a lofty 3.5% gain.
Separately, we heard from the FOMC yesterday, and it left its key policy rate unchanged, as did the Bank of England today. Both meetings saw three dissents in favor of a rate hike. There will be a Bank of Japan decision overnight. The BOJ is not expected to raise its key policy rate, so it would be a notable surprise if it did and a potential source of major upset for global markets if an unexpected rate hike triggered a spike in the yen, which has been a favorite currency to use in carry trades.
Briefing.com touched on that risk in The Big Picture column that was published last Friday.
