News Bulletin
Wednesday, July 29, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Wednesday, July 29, 2026
10:30	Crude Oil Inventories	-7.167M	0.700M	2.010M
10:30	Cushing Crude Oil Inventories	-0.771M		-0.674M
14:00	Fed Interest Rate Decision	3.75%	3.75%	3.75%
14:00	FOMC Statement
14:30	FOMC Press Conference

Indices

	CLOSE	50 DMA	200 DMA
DJIA	51,594.86	51,597.61	48,985.95
NASDAQ	24,442.94	25,979.87	23,970.61
S&P 500	7,316.15	7,468.47	7,015.75

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
MicrosoftMSFT:US	4.74	4.24	90.01B	87.61B	$2.94T	PM
MetaFB:US	6.18	7.18	60.8B	60.18B	$1.49T	PM
Costco WholesaleCOST:US	-	4.89	-	68.67B	$433.88B	PM
P&GPG:US	1.43	1.42	21.2B	21.46B	$341.45B	AM
Lam ResearchLRCX:US	-	1.68	-	6.65B	$330.68B	PM
AmphenolAPH:US	1.35	1.16	8.8B	8.18B	$184.19B	AM
QualcommQCOM:US	-	2.23	-	9.68B	$179.30B	PM
StarbucksSBUX:US	-	0.66	-	9.21B	$117.15B	PM
ADPADP:US	2.64	2.59	5.48B	5.43B	$113.75B	AM
FortinetFTNT:US	-	0.74	-	1.89B	$112.10B	PM
General DynamicsGD:US	4.24	3.92	14.1B	13.44B	$107.17B	AM
EquinixEQIX:US	-	4.62	-	2.58B	$97.65B	PM
Johnson ControlsJCI:US	1.42	1.29	6.6B	6.46B	$93.99B	AM
RobinhoodHOOD:US	-	0.41	-	1.22B	$79.37B	PM
O'Reilly AutomotiveORLY:US	-	0.86	-	4.87B	$77.87B	PM
Boston ScientificBSX:US	0.86	0.83	5.44B	5.37B	$67.01B	AM
Public StoragePSA:US	-	2.53	-	1.23B	$58.63B	PM
L3Harris TechnologiesLHX:US	-	2.8	-	5.78B	$56.47B	AM
AutoZoneAZO:US	-	36.2	-	4.86B	$52.58B	AM
Old Dominion Freight LineODFL:US	1.68	1.49	1.55B	1.51B	$47.77B	AM
EntergyETR:US	1.03	1.13	3.55B	3.61B	$46.87B	AM
Chipotle Mexican GrillCMG:US	-	0.32	-	3.33B	$46.27B	PM
CBRE GroupCBRE:US	1.56	1.5	11.23B	11.19B	$46.06B	AM
HumanaHUM:US	7.61	7.23	40.89B	40.56B	$44.05B	AM
VentasVTR:US	-	0.14	-	1.67B	$39.36B	PM
Vulcan MaterialsVMC:US	2.59	2.63	2.16B	2.16B	$37.60B	AM
WEC EnergyWEC:US	0.91	0.83	2.06B	2.11B	$35.31B	AM
Fair IsaacFICO:US	-	11.69	-	676.1M	$33.78B	PM
BiogenBIIB:US	3.6	3.21	2.74B	2.43B	$31.46B	AM
Verisk AnalyticsVRSK:US	1.98	1.93	806.3M	804.07M	$30.80B	AM
Vici PropertiesVICI:US	-	0.71	-	1.04B	$28.19B	PM
American Water WorksAWK:US	-	1.56	-	1.33B	$27.24B	PM
Cognizant Technology SolutionsCTSH:US	1.37	1.38	5.5B	5.49B	$26.92B	AM
MarkelMKL:US	-	29.24	-	4.28B	$26.64B
WoodwardWWD:US	-	2.41	-	1.1B	$24.05B	PM
FortiveFTV:US	0.74	0.7	1.1B	1.07B	$21.49B	AM
C.H. Robinson WorldwideCHRW:US	-	1.52	-	4.29B	$19.50B	PM
Essex PropertyESS:US	-	1.45	-	485.28M	$18.99B	PM
Invitation HomesINVH:US	-	0.17	-	709.65M	$18.43B	PM
MascoMAS:US	1.64	1.32	1.99B	2.08B	$18.24B	AM
Lexington RealtyLXP:US	-1.5		87.14M	80.59M	$17.85B	AM
Clean HarborsCLH:US	3.22	2.74	1.74B	1.63B	$17.60B	AM
IDEXIEX:US	2.32	2.11	921M	903.3M	$17.35B	AM
Mid-America Apartment CommunitiesMAA:US	-	0.78	-	557.39M	$16.05B	PM
PTCPTC:US	-	1.59	-	613.78M	$15.58B	PM
Lennox InternationalLII:US	7.72	7.58	1.5B	1.55B	$15.43B	AM
Penske AutomotivePAG:US	3.62	3.48	8.5B	7.97B	$14.92B	AM
Regency CentersREG:US	-	0.6	-	411.92M	$14.89B
Carlisle CompaniesCSL:US	-	6.42	-	1.48B	$14.74B	PM
BungeBG:US	2	1.95	24.04B	23.19B	$14.72B	AM
Tyler TechnologiesTYL:US	-	3.1	-	648.79M	$14.51B	PM
MGM Resorts InternationalMGM:US	-	0.54	-	4.44B	$14.46B	PM
Stanley Black & DeckerSWK:US	1.57	1.2	4B	3.96B	$14.35B	AM
Align TechnologyALGN:US	-	2.63	-	1.06B	$13.56B	PM
Omega Healthcare InvestorsOHI:US	-	0.51	-	267.66M	$12.57B	PM
Service InternationalSCI:US	-	0.88	-	1.08B	$12.43B
Ares CapitalARCC:US	0.47	0.47	768M	770.31M	$12.29B	AM
Evercore PartnersEVR:US	2.91	2.54	990.2M	890.4M	$11.87B	AM
GeneracGNRC:US	2.91	2	1.17B	1.18B	$11.84B	AM
Lithia MotorsLAD:US	10.03	8.71	9.8B	9.64B	$11.51B	AM
Antero ResourcesAR:US	-	0.92	-	1.55B	$10.89B	PM
Antero Midstream PartnersAM:US	-	0.27	-	326.45M	$10.49B	PM
LittelfuseLFUS:US	4.19	3.78	739M	702.72M	$10.36B	AM
OGE EnergyOGE:US	0.56	0.56	711.9M	770.08M	$9.97B	AM
Corcept TherapeuticsCORT:US	-	0.01	-	217.85M	$9.79B	PM
Modine ManufacturingMOD:US	-	1.38	-	891.14M	$9.67B	PM
FlowserveFLS:US	-	0.86	-	1.16B	$9.23B	PM
Tetra TechTTEK:US	0.42	0.4	1.31B	1.05B	$9.19B	PM
HexcelHXL:US	-	0.57	-	524.91M	$8.76B	PM
MorningstarMORN:US	-	2.82	-	647.87M	$8.45B	PM
MGIC InvestmentMTG:US	-	0.77	-	297.9M	$8.34B	PM
Sprouts Farmers MarketSFM:US	1.37	1.34	2.32B	2.33B	$8.10B	PM
Ionis PharmaceuticalsIONS:US	0.650943396		268M	190.53M	$8.04B	AM
KirbyKEX:US	1.67	1.62	922.39M	861.93M	$7.85B	AM
Taylor Morrison HomeTMHC:US	-	1.14	-	1.53B	$7.71B
OneMain HoldingsOMF:US	1.31	1.37	1.32B	1.28B	$7.60B	AM
National Fuel GasNFG:US	-	1.42	-	562.32M	$7.54B	PM
NewMarketNEU:US	-	-	-	-	$7.43B	PM
Eagle MaterialsEXP:US	3.29	3.41	651M	621.37M	$7.32B	AM
Pilgrim's PridePPC:US	-	0.95	-	4.75B	$7.05B	PM
Prosperity BancsharesPB:US	1.67	1.49	391.25M	380.13M	$6.96B	AM
Silicon LaboratoriesSLAB:US	-	0.7	-	226.75M	$6.94B	AM
Sensata TechnologiesST:US	-	0.93	-	968.1M	$6.88B	PM
VFVFC:US	1.227272727		1.67B	1.64B	$6.87B	AM
FormFactorFORM:US	-	0.61	-	240M	$6.64B
Churchill DownsCHDN:US	3.45	3.46	980M	977.85M	$6.55B	PM
PlexusPLXS:US	-	2.13	-	1.23B	$6.48B	PM
SeaboardSEB:US	-	-	-	-	$5.61B
Universal Forest ProductsUFPI:US	-	1.42	-	1.79B	$5.43B	PM
BalchemBCPC:US	-	1.31	-	268.5M	$5.36B
MYRMYRG:US	-	2.6	-	994.57M	$5.29B	PM
Meritage HomesMTH:US	-	1.3	-	1.43B	$5.21B	PM
Tfs FinancialTFSL:US	-	0.08	-	85.87M	$5.12B
EPR PropertiesEPR:US	-	0.75	-	158.28M	$4.90B	PM
Moelis & CompanyMC:US	-	0.61	-	375.99M	$4.64B	PM
SilganSLGN:US	0.98	0.96	1.64B	1.62B	$4.52B	AM
The Chefs' WarehouseCHEF:US	0.78	0.58	1.17B	1.12B	$4.37B	AM
NorthwesternNWE:US	-	0.53	-	374.37M	$4.36B	PM
Pennymac Financial ServicesPFSI:US	-	2.42	-	605.22M	$4.30B	PM
M Fi HomesMHO:US	3.14	3.6	1.1B	1.13B	$4.26B	AM
Option Care HealthBIOS:US	0.45	0.43	1.44B	1.42B	$4.03B	AM
Scotts Miracle-GroSMG:US	2.82	2.48	1.17B	1.17B	$3.99B	AM
Patterson Uti EnergyPTEN:US	-	-0.05	-	1.14B	$3.84B
Comstock ResourcesCRK:US	-	0.04	-	429.96M	$3.66B	PM
Q2QTWO:US	-	0.68	-	216.85M	$3.58B	PM
CVR EnergyCVI:US	-	0.68	-	2.23B	$3.50B	PM
ArcBestARCB:US	2.38	2	1.2B	1.17B	$3.35B	AM
HawkinsHWKN:US	-	1.41	-	305.37M	$2.91B	PM
Mcgrath RentMGRC:US	1.37	1.53	221.11M	236.51M	$2.88B	PM
CBIZCBZ:US	0.91	0.71	682.21M	697.93M	$2.74B	PM
Stock Yards BancorpSYBT:US	1.31	1.13	114.57M	111.17M	$2.57B	AM
Peabody EnergyBTU:US	2.055555556		1B	1.02B	$2.51B	AM
Pebblebrook HotelPEB:US	-	0.11	-	397.55M	$2.34B	PM
BlackbaudBLKB:US	1.33	1.35	290.59M	292.2M	$2.17B	AM
Five9FIVN:US	-	0.68	-	306.43M	$2.08B
InsperityNSP:US	-	0.37	-	1.68B	$2.08B	PM
Strayer EducationSTRA:US	1.76	1.75	337.47M	327.55M	$2.00B	AM
Provident Financial ServicesPFS:US	-	0.56	-	228.42M	$1.82B	PM
StepanSCL:US	1.18	0.61	684.1M	635.86M	$1.43B	AM
Helix Energy SolutionsHLX:US	-	0.07	-	321.44M	$1.37B
Integra LifeSciencesIART:US	0.56	0.48	418.8M	417.62M	$1.37B	AM
CONMEDCNMD:US	-	1.11	-	340.64M	$1.36B	PM
FMCFMC:US	-	0.21	-	893.11M	$1.29B	PM
EmployersEIG:US	-	0.56	-	208.81M	$1.22B	PM
Empire State RealtyESRT:US	-	-	-	194.98M	$970.50M
Apollo Commercial Real Est FinanceARI:US	-	0.17	-	80.52M	$928.50M
Pennymac Mortgage InvestmentPMT:US	-	0.31	-	93.56M	$844.80M	PM

Market News:

U.S. stocks on Wednesday slumped, weighed down by an extended decline in chip stocks and surging oil prices.

Equities had earlier cut some losses after the Federal Reserve held interest rates steady, removing some jitters amid market participants about a possible rate hike instead. However, three policymakers dissented with the decision and voted to tighten policy, underscoring the extent to which volatile oil prices have complicated the central bank’s job.

The focus is now on quarterly results from tech titans Microsoft and Meta Platforms after the closing bell, which will represent the next major test for the slumping artificial intelligence trade.

The benchmark S&P 500 index shed 1.5% to end at 7,321.63 points, the tech-heavy NASDAQ Composite declined 1.7% to close at 24,442.94 points, and the blue-chip Dow Jones Industrial Average fell 2.2% to settle at 51,594.86 points.

Divided Fed shows growing dissent over how to handle inflation

The Federal Open Market Committee (FOMC) on Wednesday kept the federal funds rate unchanged at 3.50%-3.75%. The focus is now on new Chair Kevin Warsh’s upcoming press conference.

The Fed’s job has been complicated by the dynamic situation in the Middle East and the volatility in oil prices since its last rate decision in mid-June. At that time, crude benchmarks were elevated, prompting nearly half of the FOMC’s members to pencil in anticipated rate hikes this year. Oil slid soon after that following the inking of an interim peace deal between the U.S. and Iran, only for that agreement to fall apart this month and lead to a resurgence in crude prices.

While the Fed decided to hold rates steady, three regional presidents - Beth Hammack, Neel Kashkari, and Lorie Logan - voted against the action and instead preferred to raise rates by 25 basis points. The dissent showed that policymakers were divided over how to combat resurgent inflation driven in part by the Middle East conflict.

At the post-decision press conference, Warsh said the FOMC had a "good family fight" and an "active, robust" discussion centered on four areas: persistent inflation, recent economic shocks, price pressures arising from those shocks, and monetary policy tools. He also said the dissents by the three regional Fed presidents did not "capture the full essence of the discussion." Warsh noted that the effect of soft June inflation data on the rate decision was "not much."

It should also be noted that rising U.S. Treasury yields have effectively played the role of a rate hike, as an increase in yields usually makes borrowing more expensive for consumers and businesses. The benchmark U.S. 10-year yield has jumped more than 14 basis points since the Fed’s June meeting.

Warsh on Wednesday noted that increases in nominal and real yields across the Treasury curve since the last meeting had been "among the most significant in the last two decades, ranking around the top decile or so."

"But if the Committee didn’t change its policy rate, what happened? In the inter-meeting period, market attention centered on real data and real economic developments. Prices reacted in real time to incoming information, and the reduction in forward guidance may have been a factor. Market participants are learning to play the ball, not the referee—and market prices will continue to respond in the direction and magnitude they see fit. This is, in my view, a change for the better—and we are just getting started," the Fed chair said in his prepared remarks.

Chip stocks set for longest daily losing streak since December

The AI trade saw more pressure on Wednesday, with chip stocks - represented by the Philadelphia Semiconductor Index - notching a five-day losing run for the first time since late December.

This week’s rout started with a Wall Street Journal report that Nvidia was in talks to provide around $250 billion toward a massive data-center project tied to OpenAI. The news sparked concerns about the circular nature of deals in the AI space while compounding worries over the spending spree by major names in the industry.

Competition from China has also emerged as a primary drag on U.S. chip stocks recently, sparked by headlines such as the success of Moonshot AI’s Kimi K3 model, the blockbuster Shanghai debut of memory chipmaker CXMT, and progress in domestic production of immersion deep ultraviolet lithography machines.

On Tuesday, SK Hynix was a catalyst for more selling. South Korea’s-second largest company reported a whopping 557% Y/Y increase in quarterly operating profit to 60.54 trillion won ($41.70 billion), helped by price increases for premium high bandwidth memory chips used to power AI processes. However, the bumper results failed to match sky-high expectations, echoing a recent trend of blowout performances by major AI names failing to calm investor jitters.

"With SK Hynix shares up more than 250% year over year, last night’s disappointing earnings miss showed that describing the memory leader as priced for perfection may be an understatement," Ryan Lee, senior vice president of product and strategy at Direxion, said.

"The most encouraging signal was the continued shift in demand toward SK Hynix’s highest-margin high bandwidth memory products. While production capacity for these products remains more limited, demand is clearly robust and should position the company well over the longer term," he added.

SK Hynix’s Korean-listed stock closed 9.6% lower, weighing on the broader KOSPI benchmark which slid 6%.

On Wall Street, the AI trade now faces a big test in Microsoft and Meta’s results. The behemoths, both so-called hyperscalers, are pouring billions of dollars 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. Last week, Elon Musk’s Tesla and Google-parent Alphabet both highlighted elevated AI-related spending plans.

Oil soars around 7% after U.S. says Iran launched surprise attack

After sliding over Monday and Tuesday following a pause in tit-for-tat strikes between the U.S. and Iran from over the weekend, oil prices jumped about 7% on Wednesday after Washington said the Islamic Revolutionary Guard Corps (IRGC) had "attempted" a "surprise attack" on U.S. forces based in the Middle East. "All Iranian missiles were successfully intercepted," U.S. Central Command (CENTCOM) said.

President Donald Trump later told Fox News that the U.S. military had "just minutes" to shoot down the incoming missiles from the surprise attack, and said that Washington would respond by "hitting them hard."

Separately, CENTCOM said it and Saudi Arabia’s armed forces had conducted "precision strikes" in Iraq against Iran-backed proxies that had been directed by the IRGC to attack U.S. forces and Saudi energy infrastructure.

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