News Bulletin
Friday, July 31, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Friday, July 31, 2026 |
||||
|
8:30 |
Employment Cost Index (QoQ)
(Q2) |
0.90% |
0.80% |
0.90% |
|
9:45 |
Chicago PMI (Jul) |
57.60 |
56.00 |
56.70 |
|
10:00 |
Michigan 5-Year Inflation Expectations
(Jul) |
3.30% |
3.30% |
3.30% |
|
10:00 |
Michigan 1-Year Inflation Expectations
(Jul) |
4.20% |
4.20% |
4.60% |
|
10:00 |
Michigan Consumer Expectations (Jul) |
55.40 |
54.00 |
50.70 |
|
10:00 |
Michigan Consumer Sentiment (Jul) |
55.20 |
54.40 |
49.50 |
|
13:00 |
U.S. Baker Hughes Oil Rig Count |
451.00 |
|
450.00 |
|
13:00 |
U.S. Baker Hughes Total Rig Count |
588.00 |
|
587.00 |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
52,485.03 |
51,707.61 |
49,050.96 |
|
NASDAQ |
25,373.85 |
25,948.57 |
23,998.10 |
|
S&P 500 |
7,489.72 |
7,471.70 |
7,023.85 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
Time |
|
AbbVieABBV:US |
3.65 |
3.76 |
16.99B |
16.77B |
$367.11B |
AM |
|
ChevronCVX:US |
6.06 |
5.19 |
70.06B |
63.24B |
$342.35B |
AM |
|
Monster BeverageMNST:US |
- |
0.58 |
- |
2.42B |
$100.37B |
PM |
|
Colgate-PalmoliveCL:US |
0.99 |
0.95 |
5.36B |
5.35B |
$72.15B |
AM |
|
Dominion ResourcesD:US |
0.79 |
0.76 |
4.48B |
4.1B |
$52.90B |
AM |
|
CBOECBOE:US |
3.56 |
3.3 |
731.6M |
695.27M |
$33.93B |
AM |
|
Cheniere PartnersCQP:US |
- |
0.96 |
- |
2.67B |
$30.50B |
AM |
|
Church & DwightCHD:US |
0.89 |
0.89 |
1.53B |
1.5B |
$23.83B |
AM |
|
T. Rowe PriceTROW:US |
2.57 |
2.31 |
1.91B |
1.83B |
$23.01B |
AM |
|
Rbc BearingsROLL:US |
3.88 |
3.41 |
519.5M |
508.48M |
$17.86B |
AM |
|
ModernaMRNA:US |
0.95631068 |
|
100M |
101.74M |
$17.31B |
AM |
|
Franklin ResourcesBEN:US |
0.72 |
0.63 |
2.36B |
1.73B |
$15.84B |
AM |
|
Regal RexnordRBC:US |
3.88 |
2.59 |
519.5M |
1.58B |
$15.39B |
AM |
|
Trimble NavigationTRMB:US |
- |
0.8 |
- |
946.51M |
$13.94B |
AM |
|
AESAES:US |
- |
0.54 |
- |
3.11B |
$10.54B |
|
|
GlobalstarGSAT:US |
- |
-0.03 |
- |
72.43M |
$10.07B |
|
|
Federal Realty InvestmentFRT:US |
0.97 |
0.72 |
335.71M |
332.4M |
$9.80B |
AM |
|
AutoNationAN:US |
5.56 |
5.48 |
6.9B |
7.02B |
$8.09B |
AM |
|
TAL InternationalTAL:US |
- |
- |
- |
- |
$7.88B |
|
|
LearLEA:US |
4.28 |
3.86 |
6.2B |
6.14B |
$7.33B |
AM |
|
Silicon LaboratoriesSLAB:US |
- |
0.7 |
- |
226.75M |
$6.95B |
AM |
|
TXNM EnergyPNM:US |
0.58 |
0.55 |
548.55M |
535.66M |
$5.34B |
AM |
|
BalchemBCPC:US |
1.49 |
1.31 |
283.99M |
268.5M |
$5.26B |
AM |
|
Portland General ElectricPOR:US |
0.64 |
0.74 |
814M |
847.59M |
$5.15B |
AM |
|
International BancsharesIBOC:US |
- |
1.68 |
- |
- |
$4.74B |
|
|
Telephone Data SystemsTDS:US |
- |
0.05 |
- |
316.57M |
$3.55B |
AM |
|
Medical PropertiesMPW:US |
- |
- |
- |
- |
$3.03B |
|
|
Mge EnergyMGEE:US |
- |
0.81 |
- |
- |
$2.89B |
PM |
|
HUBHUBG:US |
- |
0.29 |
- |
941.12M |
$2.83B |
|
|
Newell BrandsNWL:US |
0.42 |
0.19 |
2B |
1.97B |
$1.87B |
AM |
|
CartersCRI:US |
0.26 |
0.06 |
615M |
606.93M |
$1.42B |
AM |
|
Helix Energy SolutionsHLX:US |
- |
0.07 |
- |
321.44M |
$1.38B |
|
|
Marcus & MillichapMMI:US |
- |
0.03 |
- |
190.55M |
$1.14B |
AM |
|
Arbor RealtyABR:US |
0.1 |
0.07 |
53.09M |
115.98M |
$958.10M |
AM |
|
Apollo Commercial Real Est
FinanceARI:US |
- |
0.17 |
- |
80.52M |
$909.20M |
|
Market News:
Wall Street on Friday ended higher, as a
jump in consumer discretionary stocks on a boost from Amazon and a rebound in
chip stocks helped offset a post-earnings slump in Apple, a slide in the
materials sector, and rising Treasury yields.
But markets notched a negative month,
largely driven down by a combination of a decline in the high-flying artificial
intelligence trade and a resurgence in oil prices due
to a breakdown in diplomacy in the Middle East.
The benchmark S&P 500 index advanced
0.7% to close at 7,489.67 points, the tech-heavy NASDAQ Composite added 1% to
settle at 25,373.85 points, and the blue-chip Dow Jones Industrial Average
climbed 0.5% to conclude at 52,485.74 points.
Tech’s July loss driven by worst month
for chips since 2008
A blistering rally in the artificial
intelligence trade earlier this year helped Wall Street shake off the Middle
East conflict and return to record levels. Much of that jump was driven by chip
stocks, as semiconductor firms have been some of the biggest beneficiaries of
the AI boom.
However, since last month, the AI trade
has seen a sharp pullback, amid increasing concerns about lofty valuations,
uncertain timelines on returns from massive spending on AI, and Chinese
competition. The Philadelphia Semiconductor Index - a key barometer for the
chip space - saw a whopping 20.6% loss in July, its worst month since October
2008.
A possible reason for the slide emerged
earlier this week after reports said Situational Awareness, the hedge fund
started by former OpenAI researcher Leopold Aschenbrenner, had sold its entire AI-focused stock
portfolio after steep losses. Vital Knowledge’s Adam Crisafulli
said investors were now "attributing the pain of the last several weeks
exclusively to technical dislocations" tied to Situational Awareness.
"The stunning fall of the U.S.
technology and artificial Intelligence-focused hedge fund, Situational
Awareness, may go some way to explaining why so many shares in these sectors
have been so volatile of late, and bulls will be tempted to argue that
Citadel’s swoop for the public shareholdings of a distressed seller may help to
call the bottom and set the foundations for the next upward move," Russ
Mould, investment director at AJ Bell, said.
One of the other major drivers for the
slumping AI trade had been jitters that returns were too little and too slow
from the hundreds of billions of dollars being poured by mega-cap firms into
building AI infrastructure, or the combined hardware and software stack needed
to handle massive data and computing power used to build and train AI
processes. Investors punished Elon Musk’s Tesla and
Google-parent Alphabet last week for highlighting elevated AI-related spending
plans.
Microsoft results a shot in the arm
After Tesla and Alphabet’s
disappointment, market participants this week had been keenly focused on
quarterly results from four other members of the Magnificent Seven club:
Microsoft, Meta Platforms, Amazon, and Apple.
The latter two saw diverging stock
reactions on Friday. Apple ended over 7% lower after the iPhone-maker
predicted that sales growth in the September quarter would be between 9% and
11%, just shy of the analysts’ estimates of about 12%. The outlook for gross
profit margins also disappointed forecasts.
Conversely, e-commerce titan Amazon
jumped more than 15% as its cloud business cash-cow continued to impress. CEO
Andy Jassy told investors in a post earnings call
that that division, Amazon Web Services, could eventually generate a trillion
dollars in annual revenue "in time." Sales at AWS soared by 37%
versus a year ago to $42.2 billion in the second quarter.
The cloud performance helped offset a
raised spending forecast for the year to $220 billion, an uptick of $20
billion, as Amazon flagged increased costs of memory chips.
The spotlight, however, had been on the
capital expenditure guidance issued by Meta and Microsoft. The Facebook-parent’s quarterly profits disappointed,
and it also hiked its capex forecast. But Microsoft
became the first AI giant to not raise spending plans, and the quarterly
performance of its Azure cloud business was strong.
Bond sell-off deepens as Fed dissenters
make case for rate hike
U.S. monetary policy outlook has also
been a major focus of Wall Street’s in July. After a slide in oil prices in
June helped to soften U.S. consumer and producer inflation, the resurgence in
crude this month upended price pressure dynamics once again. That led to an
unusual amount of uncertainty heading into the Federal Reserve’s interest rate
decision on Friday, with odds of a rate hike higher than recent historical
trends.
While the Federal Open Market Committee
(FOMC) eventually held its key policy rate steady, the decision saw three
dissents as Cleveland Fed President Beth Hammack,
Minneapolis Fed President Neel Kashkari, and Dallas
Fed President Lorie Logan voted for a 25 basis point hike instead.
"Inflation has remained stubbornly
above 2 percent for more than five years, and I am not confident it will return
to our objective on its own. Supply-side factors, including energy prices, have
boosted inflation this year, but I see inflationary pressures coming from the
demand side of the economy, as well," Hammack
said on Friday.
"Labor,
consumption and financial market conditions indicate that monetary policy is
not restraining the economy. Without any policy restraint, inflation will
likely continue to trend above target until there’s an unanticipated
shock," Logan said in a separate statement.
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