As of JULY 29, 2026(close)
A fresh/continued selloff primarily in semiconductor and memory stocks (aka “the ai trade”) reversed itself following the U.S. Federal Reserve’s rate announcement and policy statement, but then reversed back lower again. U.S. stock indices finished at their lows. The Nasdaq Composite fell about one and three-quarters percent, while the S&P 500 also took a meaningful haircut of -1.5% today.
While the FOMC left the Fed Funds rate at the 3.50%-3.75% band, three members of the committee voted to increase the United States’ benchmark rate. This may have surprised investors who felt, with inflation seemingly under control, that upward pressure to rates would not be forthcoming.
Further complicating the economic picture are oil prices, which rose again amid fears of accelerating military confrontations between the United States and Iran.
Microsoft (MSFT) and Meta Platforms (META) are set to report after the bell.
As of JULY 29, 2026(close)
S&P 500 [7,316.15]
1-WEEK return : -2.4%
1-MONTH return : -1.7%
GOLD Spot [4049.6]
1-WEEK return : -2.0%
1-MONTH return : +0.9%
Dollar Index [100.94]
1-WEEK change : -0.1%
1-MONTH change : -0.2%
NASDAQ [24,442.94]
1-WEEK return : -4.9%
1-MONTH return: -5.3%
U.S. 10 YEAR [4.68]
1-WEEK change : +2 bps
1-MONTH change : +30 bps
EURO Stx50 [6248.84]
1-WEEK return : -1.1%
1-MONTH return : +0.3%
NOTE: The above market data is for indicative purposes only. The Investment Editor’s Cut is not responsible for any inaccuracies in the data presented. Furthermore, nothing presented here constitutes investment advice. Individuals are encouraged to evaluate investment opportunities with a professional advisor.
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