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NewsWPLG Local 10 – Main FeedJuly 30, 2026United States

Stock Market Rebounds as Tech Companies Report Earnings

Wall Street saw a significant recovery on Thursday, led by a surge in Microsoft stock and other technology companies following positive earnings reports. Meanwhile, investors continue to monitor Federal Reserve interest rate policies and persistent inflation concerns, while global oil prices saw a slight decline.

stock marketartificial intelligenceinflationinterest ratestechnology sectoroil prices
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Why It Matters

Market fluctuations impact retirement accounts, investment portfolios, and the broader economic outlook for residents as the Federal Reserve balances inflation control with economic growth.

Key Facts

  • The S&P 500 rose 121.48 points to 7,437.63.
  • The Dow Jones Industrial Average increased 613.92 points to 52,208.06.
  • The Nasdaq composite rose 679.24 points to 25,122.18.
  • Microsoft stock increased 15.5% following a strong quarterly earnings report.
  • Meta Platforms stock fell 8% after reporting weaker-than-expected profits.
  • Micron Technology stock rose 18.4%.
  • Lam Research stock rose 18%.
  • Advanced Micro Devices stock rose 13%.
  • Jersey Mike’s Subs stock fell 6% on its first day of trading.
  • The 10-year Treasury yield remained at 4.67%.
  • The 30-year Treasury yield increased to 5.22%.
  • Brent crude oil prices fell 1.4% to $86.88 per barrel.
  • The Federal Reserve maintains a 2% inflation target.

Who's Mentioned

personSatya Nadella“CEO of Microsoft.”organizationJersey Mike’s Subs“Sandwich chain that saw a stock price decline on its first day of trading.”organizationAdvanced Micro Devices“Chip manufacturer that saw a stock price increase.”personSeema Shah“Chief global strategist at Principal Asset Management.”organizationLam Research“Semiconductor supplier that reported strong earnings.”organizationMicron Technology“Tech company that saw a stock price increase.”organizationMeta Platforms“Reported weaker-than-expected profits and increased investment spending.”personKevin Warsh“Chairman of the Federal Reserve.”organizationMicrosoft“Reported strong quarterly profits and growth in its Azure cloud business.”personDonald Trump“President who nominated Kevin Warsh to lead the Fed.”