S&P 500 rose 0.6%
The S&P 500 finished the 30 July session at 7,437.63, a gain of 1.66% on the day. That was one of the firmer single-day advances in the index's recent run, and it came directly after a sharp decline in the previous session, so much of the move looked like a recovery of ground given up rather than a push into new territory.
That left the index still just below its own recent peak: the close sat 2.26% under the 52-week high of 7,609.78, and 19.23% above the 52-week low of 6,238.01 — the extremes of the past year of trading. The index closed beneath its 50-day moving average of 7,468.79, the rolling average of the last fifty closing levels, which is often read as a short-term trend marker, but comfortably above its 200-day average of 7,019.93. The medium-term picture is mixed in the same way: down 0.82% over the past month, up 4.23% over three months, up 0.4% over the week, and up 8.65% so far in 2026.
Peer markets were broadly higher, though the comparison spans two dates: the US majors last closed on 30 July, while Asian and European markets had already closed 31 July. The Nasdaq led the US majors with 2.78% and the Dow added 1.19%. Europe was far more muted — the FTSE 100 rose 0.22%, the DAX 0.28%, the Euro Stoxx 50 0.63% and the CAC 40 0.78%. In Asia the Nikkei climbed 4.03% while the Hang Seng and Australia's ASX 200 barely moved at 0.1% each; Shanghai added 0.72%, and India's Sensex and Nifty 50 rose 0.21% and 0.27%. The KOSPI at 17.91% and the TAIEX at 7.98% were the largest gains anywhere in the peer set — an exceptional bounce in those two markets, and far beyond the subdued moves recorded across Europe.
News coverage points in the direction of technology. A MarketWatch headline from the session described chip and memory stocks surging while investors digested Microsoft earnings and weighed inflation data against the Federal Reserve's rate stance, and Yahoo Finance reported that Microsoft posted a record one-day gain in market value. Older headlines tell the other half of the story: Reuters and CNBC both reported a sharply lower Wall Street close the day before, after the Fed left rates unchanged. Bloomberg, most recently, reported that traders were positioning for more volatility in the index as macro risks rose. An Investopedia headline about chip stocks dropping dates from 24 July and describes a different week entirely.
What the pack establishes is the size and shape of the move, not its cause. The headlines are consistent with a technology-led rebound, but nothing here quantifies how much of the 1.66% came from any single earnings report, sector or policy signal.
The numbers
- Level 7,478.34, +0.55% on the day (as of 2026-07-31)
- 1-week +0.90% · 1-month -0.07% · 3-month +3.74% · YTD +9.24%
- 52-week range 6,238.01 – 7,609.78, 1.7% below the high
- Trading above its 50-day average and above its 200-day average
Around the world (same session)
- Nasdaq +0.73%
- Dow +0.51%
- FTSE 100 -0.27%
- DAX +0.07%
- CAC 40 +0.28%
- Euro Stoxx 50 +0.21%
- Nikkei +0.71%
- Hang Seng +0.20%
- Shanghai -0.62%
- KOSPI -1.23%
- TAIEX -0.26%
- ASX 200 -0.78%
- Sensex +0.21%
- Nifty 50 +0.27%
Recent headlines
- Stock market today: Dow, S&P 500, Nasdaq set for more gains as Big Tech's AI spending shows no sign of letting up — Yahoo Finance (5h ago)
- Stock Market on July 30, 2026: Dow jumps more than 600 points, S&P 500 and Nasdaq close sharply higher as chip and memory stocks surge while investors digest Microsoft earnings; Investors weigh latest inflation data against Fed's stance on rates; Amazon — MarketWatch (19h ago)
- US markets today: Dow, S&P 500, Nasdaq futures indicate gap-up opening; ExxonMobil, Chevron earnings in focus — Upstox (4h ago)
- Dow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates — CNBC (1d ago)
- Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks seesaw as bond yields rise and AI spending surges — The Economic Times (11m ago)
- Markets News, July 24, 2026: Major Indexes Close Lower for the Week After Mixed Session on Friday as Chip Stocks Drop — Investopedia (6d ago)
- Stock Market News From July 29, 2026: Dow Falls 1,100 Points After Fed Presser — Barron's (1d ago)
- Stock Market Today: S&P 500, Dow Jones Futures Rise After Cooler June PCE Inflation Data—Apple, Amazon, Coinbase in Focus — TradingView (8h ago)
Sources
- Stock market today: Dow, S&P 500, Nasdaq set for more gains as Big Tech's AI spending shows no sign of letting up — Yahoo Finance
- Stock Market on July 30, 2026: Dow jumps more than 600 points, S&P 500 and Nasdaq close sharply higher as chip and memory stocks surge while investors digest Microsoft earnings; Investors weigh latest inflation data against Fed's stance on rates; Amazon — MarketWatch
- US markets today: Dow, S&P 500, Nasdaq futures indicate gap-up opening; ExxonMobil, Chevron earnings in focus — Upstox
- Dow drops 1,100 points for worst day since April 2025 on fear the Fed is falling behind on inflation: Live updates — CNBC
- Dow Jones| Nasdaq | US Stock Market Today | Live: US stocks seesaw as bond yields rise and AI spending surges — The Economic Times
- Markets News, July 24, 2026: Major Indexes Close Lower for the Week After Mixed Session on Friday as Chip Stocks Drop — Investopedia
- Stock Market News From July 29, 2026: Dow Falls 1,100 Points After Fed Presser — Barron's
- Stock Market Today: S&P 500, Dow Jones Futures Rise After Cooler June PCE Inflation Data—Apple, Amazon, Coinbase in Focus — TradingView
Keep digging
- All world-index wraps: the daily read on Wall Street, Europe and Asia in one place.
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- Money & markets stories: the drama behind the moves.