Daily Market Report – July 29, 2026

Markets The S&P 500 (SPX) closed 1.52 percent lower at 7,316 points after the interest rate decision. Given new doubts about high AI spending, the Nasdaq 100 (NDX) lost 2.06 percent to 27,192 points. The Dow Jones (DJI) fell by 2.19 percent to 51,594 points. In Europe, the Euro Stoxx 50 (SX5E) declined by 0.65 percent to 6,249 points. In contrast, the Hang Seng (HSI) closed 1.96 percent higher at 25,808 points. The escalation of the conflict with Iran increased Brent crude oil (UKOIL) by 7.68 percent to 90.55 dollars per barrel. Company Microsoft (MSFT) exceeded expectations with its cloud business. However, rising investments in AI infrastructure dampened the reaction to the results. Meta Platforms (META) came under pressure after a cautious revenue forecast and a decline in free cash flow. Qualcomm (QCOM) fell after a weak earnings outlook, as higher memory prices and supply constraints burdened the smartphone business.

Despite a surge in profits and increased investments, SK Hynix (000660) lost 9.61 percent. The spending plans intensified doubts about the profitability of the memory chip boom. In the wake of the sell-off in memory chip stocks, Micron Technology (MU) fell by 9.94 percent. KLA (KLAC) dropped by 10.80 percent, Applied Materials (AMAT) by 8.40 percent, and Lam Research (LRCX) by 6.40 percent. Advanced Micro Devices (AMD) lost 5.51 percent, while Intel (INTC) declined by 5.12 percent.

Airbus (AIR) benefited from higher deliveries and a result above expectations. As part of its cost-cutting program, BMW (BMW) announced the reduction of 8,000 jobs. Ford (F) raised its earnings outlook due to demand for high-margin SUVs.

After a record profit, Deutsche Bank (DBK) announced another stock buyback. Intuit (INTU) rose by 6.43 percent, Accenture (ACN) gained 5.17 percent. Goldman Sachs (GS) lost 5.09 percent.

Macroeconomics The Fed kept the key interest rate in the range of 3.50 to 3.75 percent. Three members voted for an increase of 0.25 percentage points, signaling ongoing inflationary pressure. According to the White House, the United States threatened further military strikes following an Iranian attack. As a result, the risks to energy supply and inflation increased. The BLS is addressing changes to inflation measurement. These are relevant for assessing American price pressure and the monetary policy course.

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*Created on 07/29/2026 / 17:08 (ET)*