LIVEUpdated 49 mins ago
Stock market today: Dow, S&P 500, Nasdaq futures rebound ahead of inflation data
Grace O’Donnell· Editor, Special Projects
Updated Thu, July 30, 2026 at 3:30 PM GMT+5:30
2 min read
US stock futures staged a comeback on Thursday morning after a Fed-fueled sell-off as Asian stocks rebounded and more earnings were on deck. But fresh US attacks on Iran, a bond rout, and worries about AI spending kept investors on guard
Futures on the Dow Jones Industrial Average (YM=F) advanced 0.2%, while those on the S&P 500 (ES=F) rose 0.4%. Contracts for the Nasdaq-100 (NQ=F) jumped 0.7% after the index entered a correction on Wednesday, led by heavy declines in chip stocks
The fortunes of Meta (META) and Microsoft (MSFT) stocks diverged after the two “Magnificent Seven” stalwarts reported earnings on Wednesday afternoon. Meta shares fell over 9% in premarket trading, extending their historic losing streak, after the tech giant’s earnings miss added to worries about its ability to recoup AI investments. Microsoft’s stock jumped nearly 9%, meanwhile, after its Azure cloud business topped $100 billion in revenue for the first time
Amazon (AMZN) is the next hyperscaler to face Wall Street scrutiny on its capital expenditures and cloud business when it reports earnings after the bell. Apple (AAPL) will also release results, where the focus will be on margins amid memory chip price hikes
Traders continue to digest the Federal Reserve’s decision to hold rates steady on Wednesday as the bond market revolts, sending the 30-year Treasury yield to a multidecade high near 5.24% on Thursday. Although oil prices were flat Thursday morning, US strikes on a dozen Iranian targets overnight threatened to spiral into another escalation in the war, which could rekindle inflation
Investors will be watching for the next inflation data point on Thursday, with the release of the Personal Consumption Expenditures (PCE) index for June. Continuing claims and a reading on second quarter GDP are also on the economic calendar
