U.S. Stock Indices Rebound Sharply, Led by Nasdaq Gains Following Mixed Big Tech Earnings
Key Takeaways
- •The Nasdaq composite rose 2.39% and led the U.S. market rebound on July 30, 2026.
- •The S&P 500 gained 1.23% and the Dow Jones Industrial Average added 0.68% after the previous session’s broad sell-off.
- •The prior day’s decline pushed the Dow down 1,153.14 points, the S&P 500 down 112.61 points, and the Nasdaq down 433.97 points.
- •Weekly performance remained mixed, with the Nasdaq up 0.20% and the S&P 500 and Dow slightly negative.
- •Microsoft surged 15% after earnings, while Meta Platforms dropped 9.22%, highlighting the influence of Big Tech results on market sentiment.
U.S. stock indices rebounded on July 30, 2026, with the Nasdaq composite leading the advance after a sharp sell-off the previous session. The Nasdaq rose 2.39%, while the Nasdaq 100 climbed 2.89%. The S&P 500 gained 1.23%, and the Dow Jones Industrial Average added 0.68%.
The rebound came on the heels of a broad decline on July 29. In that session, the Dow Jones Industrial Average fell 1,153.14 points, or 2.19%, closing at 51,599.15. The S&P 500 declined 112.61 points, or 1.52%, to settle at 7,316.16. The Nasdaq dropped 433.97 points, or 1.74%, ending at 24,442.94.
Despite the recovery, weekly performance remained mixed. The Nasdaq, which had been under pressure earlier in the week, turned positive with a modest weekly gain of 0.20%. The S&P 500 was down 0.10% week-to-date, and the Dow was off 0.06% following the prior session's 2.19% tumble.
Individual stock movements were driven by quarterly earnings results. Meta Platforms declined 9.22%, while Microsoft surged 15% following their earnings releases the previous evening. The split reaction underscored how closely market leadership has been tied to Big Tech results, with investors using earnings reports to reassess sentiment in a sector that carries outsized influence on the major U.S. benchmarks.
Asia-Pacific Developments
In the Asia-Pacific region, several key economic data points and policy decisions were released:
- The Bank of Japan left interest rates unchanged as widely expected, with the vote tally at 8-1.
- China's July manufacturing PMI came in at 49.2, below the 50.0 consensus expectation, indicating contraction in the sector.
- Australia's Q2 producer price index rose 3.6%, up from a 3.0% prior reading.
- Japan's June preliminary industrial production increased 1.3% month-over-month, exceeding the 0.7% forecast.
- Japan's unemployment rate held steady at 2.5%, in line with expectations.
- Tokyo's July CPI excluding fresh food rose 1.9% year-over-year, above the 1.7% estimate.
- South Korea's Kospi index rose 14%.
- Authorities in South Korea also intervened in foreign exchange markets on Thursday.