Daily Stock Pulse

• Bond market: Long-term yields surged after the FOMC meeting, with the 30-year breaking 2023 highs and term premium rising as the Fed offered no...

Traders are closely watching the 7,500 level in the S&P 500, where combined options open interest peaks and dealers have been buying dips while...

Conflicting big-tech earnings created a split close on the final trading day of July, with broad indexes edging higher while small caps sold off.

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Key events this week could set the market's tone following July volatility.

• Jobs report on August 7 expected to show 91,000 new jobs and 4.3%...

• Green July finish confirmed as no risk-off signals emerged and breadth improved from 44 to 55.
• Daily levels proved reliable: S&P shook out 90...

• Fed-day swing: S&P 500 on pace for its biggest intraday move
• Earnings rush: 33% of S&P 500 companies report next week
• Seasonal pattern: Average 20.65% annualized return from 26th-6th

Microsoft and Amazon earnings triggered a sharp market rebound, with Nasdaq 100 surging 3.4% while the Dow gained just 1.2%.

• Microsoft jumped...

The S&P 500 remains capped below the 7,450 resistance level since July 23, with today's rally creating an unstable gap likely to fill soon.

• Key...

• US equity futures rose as Microsoft jumped 8% on Azure growth, seeking recovery from Dow's 2.19% plunge.
• Fed kept rates unchanged, driving 30-year...

• S&P 500 and Nasdaq futures inched higher as investors awaited the Fed's policy decision amid Middle East tensions.
• Chip stocks struggled with...

S&P 500 and Nasdaq futures edged higher before the Fed decision, even as chip stocks faced pressure ahead of Big Tech earnings.

• Nvidia rose 0.1% and...

• Mag 7 weakness stalls the S&P 500, down over 2% since June, as the ETF falls more than 8% from its peak.
• Market breadth improves beneath the...

• S&P 500 closed at 7316 after a 1% drop, hovering near critical 7000 support level.
• Fed held rates at 3.75%, prioritizing growth over inflation...

• Post-Fed, front-end Treasuries rallied while the long end sold off, steepening the 30-year vs 3-month spread by 20bp to 1.43%.
• Market-driven...

Dow Jones futures rose modestly overnight with S&P 500 and Nasdaq futures, led by earnings from Microsoft, Meta, Starbucks and Fortinet after markets...

S&P Global posted a Q2 earnings beat that underscores strength in financial data and analytics. Adjusted EPS reached $4.83, beating analyst estimates...

Morgan Stanley CIO Mike Wilson remains very constructive on where the S&P 500 ends the full year, sharing his outlook on market trends, the economy, and the index target during a Squawk Box appearance.

Tuesday's market showed classic fragility. Strong blue-chip earnings and oil's 4% drop lifted the Dow 537 points to 52,747 and the S&P 500 0.2%...

• Oil prices tumbled over 8% on Middle East peace hopes, lifting the Dow 0.5% while energy names gained
• Nasdaq slipped 0.2% as semiconductor stocks...

Markets are rapidly pricing in a Fed rate hike as oil volatility and policy-driven inflation collide.

• Hike probability by mid-September jumped to...