return to news
  1. US markets today: Dow Jones, S&P 500, Nasdaq futures indicate gap-up open; Apple, Amazon, other earnings in focus

Market News

US markets today: Dow Jones, S&P 500, Nasdaq futures indicate gap-up open; Apple, Amazon, other earnings in focus

SUMMARY

US futures indicate a gap-up opening on Thursday, July 30, as investors focus on key tech earnings from Apple, Amazon, and Shell, along with a potential rebound after a market crash the previous day.

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Thursday, July 30. | Photo: Shutterstock

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Thursday, July 30. | Photo: Shutterstock

US markets today: Equity futures on Wall Street indicate a gap-up opening on Thursday, July 30, as investors focus on a potential rebound strength in US stocks after the previous day’s market crash amid key tech earnings from Apple and Amazon.
Open FREE Demat Account within minutes!
Join now

Dow Jones futures were trading 0.31% higher at 51,925 points ahead of the opening bell on Thursday, indicating a more than 300-point higher opening on July 30, according to Investing.com data.

The S&P 500 index futures were trading 0.60% higher at 7,395.50 points ahead of the Wall Street open on July 30, indicating a nearly 80-point higher opening when compared to the previous US stock market close.

The exchange data also showed that the Nasdaq 100 futures were trading 1.56% higher at 27,772.50 points ahead of the US market open on Thursday, indicating a nearly 600-point higher opening on July 30.

Key things to watch before US market opens

US markets recap

The benchmark indices in the United States witnessed a sharp crash during Wednesday’s trading session as investors focused on the tech selloff in Asia and the hawkish stance of the US Federal Reserve after the central bank kept its interest rates unchanged.

The Dow Jones Industrial Average ended 2.19% lower at 51,594.14 points after Wednesday’s trading session, compared to 52,747.32 points at the previous stock market close, according to MarketWatch data.

The S&P 500 index closed 1.52% lower at 7,316.15 points after the trading session on July 30, compared to 7,428.78 points at the previous equity market close, as per the exchange data.

The tech-heavy Nasdaq 100 index ended 2.06% lower at 27,192.31 points after the trading session on Thursday, in comparison to 27,176.13 points at the previous Wall Street close, according to MarketWatch data.

Stocks to watch on July 30

Apple: Apple shares were trading nearly 1% lower during Thursday’s pre-market session on Nasdaq, ahead of the company’s June quarter earnings announcement. The tech major is set to announce its Q2 earnings during the post-market hours on July 30.
Amazon: Amazon shares were trading more than 3% higher during the pre-market hours on Thursday’s market, ahead of the company’s Q2 earnings announcement, which is also set to be released post-US market session.
Shell Plc ADR: Shell Plc ADR shares were trading nearly 2.5% higher during the pre-market hours on July 30 ahead of the opening bell, as investors focused on the company’s June quarter financial performance.
Key earnings stocks: Other stocks like MasterCard, Anheuser-Busch, Bristol-Myers Squibb, Stryker Corp., Mizuho Financial Group, Altria Group, KKR & Co., Valero Energy Corp. are among other companies which are set to announce their April to June quarter results on July 30.
Tech stocks: Amid tech earnings in focus, other peer companies like SK Hynix ADR, Nvidia, Broadcom, AMD, Qualcomm, Taiwan Semiconductor (TSMC), Texas Instruments, ASML Holdings, and Oracle are in focus on July 30.

US Fed outcome

After the two-day meeting, the US Federal Reserve’s Federal Open Market Committee (FOMC) kept the key benchmark interest rates for the US economy unchanged at the current range of 3.50% to 3.75%.

“The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 per cent, in support of the Federal Reserve's dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system,” said FOMC in its statement.

The central bank also said that inflation remains elevated above the 2% target range, reflecting supply shocks that have driven price increases in certain sectors, including energy.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

Next Story