Asian Stocks Slip as Fed Holds Rates, Samsung Earnings Fail to Lift AI Sentiment 
Asian Stocks Rally as AI Optimism Lifts Markets; Yen Holds Gains Ahead of BOJ Decision 
Gold Ends July Higher as Weaker Dollar Offsets Fed Inflation Concerns 
Oil Prices Ease After Sharp Rally as Trump Warns of More Action Against Iran 
Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
U.S. Treasury Joins Japan in Yen Intervention as Currency Nears 40-Year Lows 
US Stock Futures Rise as Amazon Earnings Boost AI Optimism Despite Apple Selloff 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Fed Holds Rates Steady as US Dollar Slides, Euro and Yen Gain 
Japan Earthquake Disrupts Auto and Chip Supply Chains 
Oil Prices Jump as Trump Vows Response to Iran Attack, Supply Risks Return 
BOJ Holds Rates at 1% as Inflation Outlook Eases, October Rate Hike Still Possible 
Asian Stocks Tumble as Tech Selloff Deepens Ahead of Fed Decision, Big Tech Earnings 
China PMI Contracts in July as Weak Demand and Typhoons Weigh on Economy 
South Korea Exports Surge 62.8% in July on AI Chip Demand 
US Stocks Slide as Fed Holds Rates, AI Chip Selloff Deepens and Oil Prices Surge 
China PMI Falls Into Contraction as Manufacturing, Services Weaken in July 
U.S. stock market investors are preparing for another volatile week as the July jobs report, key corporate earnings, and Federal Reserve policy expectations shape market sentiment. While the S&P 500 ended the week higher, the benchmark index remains about 1.6% below its June 2 record high after experiencing sharp daily swings.
Markets continue to react to mixed earnings from major technology companies that have fueled the artificial intelligence rally. Microsoft shares surged after the company issued a strong cloud growth outlook, while Meta Platforms fell following a sharp decline in cash flow, highlighting investor sensitivity to AI-related spending and profitability.
The Federal Reserve also remains a central focus after holding interest rates steady in a hawkish decision. Investors are still assessing comments from Fed Chair Kevin Warsh, who reaffirmed the central bank's commitment to lowering inflation to its 2% target while offering less guidance on future policy moves. June core Personal Consumption Expenditures (PCE) inflation came in at 3.3% year over year, reinforcing concerns that interest rates could remain elevated.
Attention now shifts to the U.S. nonfarm payrolls report due on August 7. Economists surveyed by Reuters expect the economy to have added 83,000 jobs in July, while the unemployment rate is projected to edge up to 4.3%. A stronger-than-expected labor market could increase expectations for a Federal Reserve rate hike in September, with futures markets currently pricing in a 64% probability.
Corporate earnings will also dominate the week, with results expected from SpaceX, Eli Lilly, Advanced Micro Devices (AMD), Caterpillar, Palantir, and Merck. Investors will closely monitor these reports for signs of corporate strength and AI-related spending trends.
Despite recent volatility driven by geopolitical tensions, rising oil prices, and higher Treasury yields, the S&P 500 remains up more than 9% in 2026. Strong second-quarter earnings continue to provide support, with LSEG IBES data indicating S&P 500 profits are on track to increase 29.3% from a year earlier.
Market participants will be watching whether strong earnings and economic data can help stocks regain momentum or reinforce expectations for tighter monetary policy in the months ahead.
