Morning Brief
U.S. Premarket: Markets Rebound as Inflation Cools, Big Tech Earnings Remain in Focus | July 30, 2026
Jul 30, 2026 ยท ThinkSabio
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U.S. markets are poised for a stronger open after Wednesday's broad selloff, as investors welcomed softer inflation data and looked ahead to earnings from Amazon ($AMZN) and Apple ($AAPL). While easing inflation improved sentiment, elevated Treasury yields and geopolitical tensions continue to keep markets cautious.
๐ Market Snapshot
Dow Futures: +0.34%
S&P 500 Futures: +0.59%
Nasdaq Futures: +1.60%
Brent Crude: $87.28 (-0.92%)
U.S. 10-Year Treasury Yield: 4.680%
U.S. 30-Year Treasury Yield: 5.21%
Gold: +2.40%
Bitcoin: +2.06%
Dollar Index: -0.14%
๐ฅ Key Market Highlights
๐ Inflation Continues to Ease: June PCE inflation slowed to 3.7%, while Core PCE eased to 3.3%, offering signs that price pressures are gradually moderating, though inflation remains above the Fed's target.
๐ Economic Growth Softens: U.S. Q2 GDP grew at an annualized 1.5%, below expectations, suggesting the economy is slowing as higher interest rates continue to weigh on activity.
๐ Treasury Yields Stay Elevated: The 30-year Treasury yield remains near a 19-year high, reflecting continued concerns about inflation and the Federal Reserve's longer-term policy outlook.
๐ค Big Tech Earnings Continue: Microsoft ($MSFT) rallied after another AI-driven quarter, while Meta ($META) slipped despite strong results as investors focused on rising AI infrastructure spending. Amazon ($AMZN) and Apple ($AAPL) report after today's close.
๐ข Energy Stocks Benefit: Shell ($SHEL) reported $9.8 billion in Q2 profit, supported by higher oil prices and strong refining margins amid ongoing Middle East tensions.
๐ Autonomous Driving Milestone: Amazon's Zoox became the first company to receive U.S. approval to commercially deploy paid robotaxis without a steering wheel or human controls, marking a significant step forward for autonomous transportation.
๐ Market Theme
Markets are attempting to stabilize as cooling inflation offsets concerns over slowing economic growth and elevated Treasury yields. With Amazon and Apple earnings due after the close, investors will closely watch AI spending, cloud growth, consumer demand, and forward guidance for clues on the next move in technology stocks and the broader market.
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