TradingKey

On July 29 Eastern Time, Meta Platforms (META) saw its share price drop over 7% to $541.44 during post-market trading following the release of its second-quarter 2026 financial results. During the period, Meta reported revenue of $60.801 billion, a 28% year-over-year increase, slightly exceeding market expectations of $60.17 billion. The advertising business experienced growth in both volume and pricing, with ad impressions across the Family of Apps rising 14% year-over-year and the average price per ad increasing 12% year-over-year.

Microsoft (MSFT) released its fiscal second quarter 2026 earnings after the US market close on July 29, Eastern Time. Overall, the results delivered a "triple beat," with revenue, profit, and Azure growth all exceeding expectations. Following the announcement, Microsoft's after-hours share price jumped more than 4% at one point; as of press time, it remained up 2.47% at $400.20.

Three regional Fed presidents supporting a rate hike at the policy meeting, along with President Trump’s statement that the U.S. military would respond forcefully to Iran, dampened market sentiment. The three major U.S. indices saw losses widen following the meeting, with memory and chip stocks leading the declines while software stocks showed resilience. At the close, the Dow Jones Industrial Average fell 2.19% to 51,594.14 points; the Nasdaq Composite Index dropped 1.74% to 24,442.94 points; and the S&P 500 Index fell 1.52% to 7,316.15 points.

On July 29, Eastern Time, the Federal Reserve announced the results of its July interest rate decision. The Federal Open Market Committee (FOMC) voted 9-3 to maintain the target range for the federal funds rate at 3.5%–3.75%, in line with mainstream market expectations. Notably, this meeting saw a rare three dissenting votes against maintaining the current interest rate, marking the first time since 2016 that the Fed has recorded three dissents in the same direction within a single policy decision.

On July 29 (ET), Tesla (TSLA) fell below the $300 mark, hitting a near one-year low. Reportedly, during an earnings call, Tesla executives stated that the production line for the Optimus humanoid robot in Fremont will start at the end of 2026, with a long-term planned annual capacity of 1 million units, while the second line in Texas has a long-term total annual capacity target of 10 million units. However, Ross Gerber, CEO of investment firm Gerber Kawasaki, warned that it may take a long time for Elon Musk to achieve commercial success with the Tesla Optimus robot, as it is not only difficult to manufacture but also unlikely to generate revenue in the short term.

IBM bounced 5.6% Monday from its $201.60 post-earnings low and is approaching the $233 50 EMA resistance. Q2 confirmed software +5%, mainframe -42%, and guidance of 4-5% growth. The securities investigation remains active. RSI at 65 approaching overbought.

On July 29, Eastern Time, driven by the continuous escalation of geopolitical conflicts in the Middle East and significantly heightened risks to the global energy supply chain, international crude oil prices reversed their recent downward trend and rose once again. As events such as the Yemeni Houthi rebels' attack on Saudi tankers and joint US-Saudi strikes against pro-Iranian militias in Iraq continued to unfold, the Strait of Hormuz and the Red Sea—two critical shipping routes—faced simultaneous pressure. Rapidly mounting market concerns regarding crude oil supply disruptions led to a renewed strengthening of oil prices. As of press time, Brent crude (UKOIL) rose 6.64%, reclaiming the $90 threshold, while WTI crude (USOIL) rose 6.61% to $84.5.

Qualcomm reports Q3 FY2026 tonight after close. Consensus: EPS $2.22, revenue $9.71B (-6.6% YoY). Polymarket gives 90.5% beat probability. Automotive hit a record $1.3B last quarter. Four consecutive beats. At $164, here is what tonight must show.

Microsoft is under investigation by the UK’s Competition and Markets Authority (CMA) over allegations of product bundling and price increases related to automatic renewals.

TradingKey - A recent research report from J.P. Morgan indicates that the large-scale deleveraging in the South Korean market, triggered by leveraged ETFs, is nearing its end. As passive selling pressure gradually subsides, the South Korean stock market is poised for a phased recovery, with the technology and semiconductor sectors likely to be the primary beneficiaries of the rebound.

NVIDIA fell to $195 Tuesday, down 5.5%, extending the selloff from $206. Barron's says NVDA is the cheapest it has been since 2015. BofA calls it a unique durable growth franchise. A Taiwan chip smuggling investigation was opened. At $195, here is what to watch.

Meta’s stock price rebounded slightly ahead of its earnings release, but a further upward revision in capital expenditures could cause the stock to extend its decline.

U.S. stock index futures were mixed in pre-market trading on Wednesday ET. Market focus is centered on the Federal Reserve's July interest rate decision and after-hours earnings from Microsoft and Meta. Meanwhile, escalating tensions in the Middle East have pushed oil prices higher, and a slight uptick in Treasury yields has kept risk appetite cautious.

Microsoft reports Q4 FY2026 today after close. Consensus: $87.67B revenue, $4.24 EPS. Azure guided 39-40%. FY2027 capex just disclosed at $255-260B - well above the $190B for 2026. At $397, here is what tonight must answer.

TradingKey - As of July 29 ET, Micron Technology (MU) shares have seen a cumulative correction of over 30% from the all-time high reached in late June. Although the company previously announced record-breaking fiscal 2026 third-quarter results and fourth-quarter guidance, the market opted for profit-taking rather than continuing to chase the rally. With AI memory demand remaining robust, why does Micron's stock price continue to pull back? Can it still rise in the future?

TradingKey - During the Asian session on July 29, following two consecutive days of circuit breakers in the South Korean stock market, Finance Minister Koo Yun-cheol apologized for single-stock leveraged ETFs during a parliamentary inquiry, admitting that the products were introduced to the market without prudent consideration.

Micron's CEO cashed out by selling shares at elevated prices, but his share reduction plan has yet to conclude.

TradingKey - Microsoft (MSFT) will release its fiscal fourth-quarter earnings after the bell on Wednesday, July 29, Eastern Time. Just a day before the report, Gene Munster of Deepwater Asset Management posted on X that Microsoft's earnings figures are "irrelevant," asserting that the real issue is that the "battle with the bots has just begun."

TradingKey - On July 29, Japanese and South Korean stock markets extended their decline, with the South Korean market once again becoming the hardest-hit area in Asian equities. Samsung Electronics fell over 5%, SK Hynix dropped nearly 10%, Kioxia plummeted nearly 14%, and SoftBank fell nearly 7%.

TradingKey - After the market close on July 28, ET, global hard drive leader Seagate Technology (STX) announced its fiscal fourth-quarter 2026 results. Not only did revenue and earnings for the quarter exceed Wall Street expectations across the board, but the performance guidance for the next fiscal quarter was also significantly higher than market forecasts. Seagate shares fell 8.5% in regular trading prior to the earnings release but rebounded by more than 10% in after-hours trading.