Market Prep for July 30, 2026

Stock futures are rising after a volatile session as investors digest Big Tech results.

Stocks

$META is under heavy pressure after earnings, while $MSFT is moving higher.
$AAPL and $AMZN will report after the close today.

/NQ (Nasdaq Futures) are bouncing right off of it’s 7.5 ATR trailing stop, a similar area where the market bottomed back in March of this year. 10D RSI also closed below 30 yesterday signaling an short-term oversold condition.

Economic

U.S. initial jobless claims for the week ended July 25 rose by 9K to 197K vs. 201K consensus and 188K prior (revised from 187K), according to data released by the U.S. Department of Labor on Thursday.

Continuing claims for the week ended July 18 fell to 1.782Mfrom 1.789M in the prior week (revised from 1.796M), compared with the 1.800M consensus.

U.S. GDP increased +1.5% Q/Q, at an annual rate, in Q2, missing the +2.3% consensus and slowing from +2.1% in Q1, according to the U.S. Bureau of Economic Analysis's initial print on Thursday.

Interest Rates

Interest rates continue to head higher after the Federal Reserve held rates steady on Wednesday.