📈 Midday Check | July 31
🟢 Market is up since the open. Dow +0.4%, S&P 500 +0.6%, Nasdaq +0.9%, as strong Big Tech earnings offset rising bond yields.
💻 Amazon is up about 11% on blowout Q2 earnings and strong cloud growth.
🍏 Big 7 check: Amazon leads the pack. Apple is down 7.6% on a weak iPhone sales outlook. Microsoft is flat. Alphabet, Meta, and Tesla are each up about 1%. Nvidia is up 0.8%.
🥇 Gold: $4,086/oz, down about 0.4% today. Overnight gains from the pause in Iran airstrikes have faded.
🥈 Silver: $58/oz, down about 1.6%.
🔥 Thermal coal: holding near $130/tonne on strong Chinese demand.
⛏️ Met coal: near $218/tonne, down almost 2% this week. AMR is up 3.3% to $143.81. HCC is roughly flat near $81.
🛢️ Transocean (RIG): $5.26, up 3.5% as oil prices rise and the Valaris deal spread holds steady.
Bottom line: Big Tech earnings are driving stocks higher today, but rising bond yields are capping the gains.
📈 Midday Check | July 31
🟢 Market is up since the open. Dow +0.4%, S&P 500 +0.6%, Nasdaq +0.9%, as strong Big Tech earnings offset rising bond yields.
💻 Amazon is up about 11% on blowout Q2 earnings and strong cloud growth.
🍏 Big 7 check: Amazon leads the pack. Apple is down 7.6% on a weak iPhone sales outlook. Microsoft is flat. Alphabet, Meta, and Tesla are each up about 1%. Nvidia is up 0.8%.
🥇 Gold: $4,086/oz, down about 0.4% today. Overnight gains from the pause in Iran airstrikes have faded.
🥈 Silver: $58/oz, down about 1.6%.
🔥 Thermal coal: holding near $130/tonne on strong Chinese demand.
⛏️ Met coal: near $218/tonne, down almost 2% this week. AMR is up 3.3% to $143.81. HCC is roughly flat near $81.
🛢️ Transocean (RIG): $5.26, up 3.5% as oil prices rise and the Valaris deal spread holds steady.
Bottom line: Big Tech earnings are driving stocks higher today, but rising bond yields are capping the gains.
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