{"id":39820,"date":"2025-07-31T17:35:37","date_gmt":"2025-07-31T17:35:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39820"},"modified":"2025-07-31T17:35:37","modified_gmt":"2025-07-31T17:35:37","slug":"meta-microsoft-power-wall-street-to-new-records-despite-inflation-jump-whats-moving-markets-thursday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39820","title":{"rendered":"Meta, Microsoft Power Wall Street To New Records Despite Inflation Jump: What’s Moving Markets Thursday?"},"content":{"rendered":"
\n

A post-earnings surge in Meta Platforms Inc. <\/strong>(NASDAQ:META<\/a>) and Microsoft Corp. <\/strong>(NYSE:MSFT<\/a>) sent major tech-heavy indices to fresh record highs Thursday, capping a fourth consecutive month of gains for U.S. equities.<\/a><\/p>\n

By midday in New York, the S&P 500<\/strong> rose 0.7% to break above 6,400, while the Nasdaq 100<\/strong> climbed past 24,500 \u2014 each logging new intraday highs.<\/p>\n

Meta jumped 11% after delivering blockbuster second-quarter results and upbeat revenue guidance. Microsoft climbed about 5% after reporting strong Azure revenues.<\/p>\n

The combined market value of the Magnificent Seven swelled past $19.4 trillion, with both Microsoft and Nvidia Corp. <\/strong>(NASDAQ:NVDA<\/a>) worth more than $4 trillion<\/a>.<\/p>\n

Indexes with less tech exposure lagged: the Dow Jones <\/strong>added just 0.1%, while the Russell 2000<\/strong> slipped 0.1%.<\/p>\n

The broader market surge came despite hotter-than-expected inflation data that supported the Federal Reserve’s <\/strong>decision to keep interest rates steady in July.<\/p>\n

The Personal Consumption Expenditures <\/strong>(PCE) price index rose to 2.6% in June from 2.3% in May, surpassing the 2.5% forecast. Core PCE, the Fed’s preferred inflation gauge, held at 2.8%, above the 2.7% consensus.<\/a><\/p>\n

Traders are now pricing in just a 39% chance of a rate cut in September, according to the CME FedWatch Tool, down from 65% earlier this week.<\/p>\n

On trade, President Donald Trump<\/strong> announced a new 15% tariff on select South Korean imports, while a deal with Mexico was extended for another 90 days.<\/p>\n

The U.S. dollar index<\/strong> gained 0.1%, aiming for its sixth straight daily gain and the longest winning streak since 2022. <\/p>\n

Commodities remained under pressure. Copper<\/strong> fell another 5% to $4.39 per pound, nearing April’s lows after Wednesday’s historic 19.4% drop triggered by tariff exemptions on refined copper.<\/p>\n

Silver<\/strong> lost 1.3%, while gold<\/strong> edged up 0.5% to $3,290 per ounce. <\/p>\n

In crypto, Bitcoin<\/strong> (CRYPTO: BTC<\/a>) rose 0.9% to $118,871.<\/p>\n

Thursday\u2019s Performance In Major U.S. Indices, ETFs<\/strong><\/h1>\n

<\/p>\n\n\n\n\n\n\n\n
Major Indices<\/strong><\/td>\nPrice<\/strong><\/td>\n1-day chg. %<\/strong><\/td>\n<\/tr>\n
S&P 500<\/strong><\/td>\n6,406.83<\/td>\n0.7%<\/td>\n<\/tr>\n
Nasdaq 100<\/strong><\/td>\n23,495.60<\/td>\n0.7%<\/td>\n<\/tr>\n
Dow Jones<\/strong><\/td>\n44,550.87<\/td>\n0.2%<\/td>\n<\/tr>\n
Russell 2000<\/strong><\/td>\n2,229.94<\/td>\n-0.1 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Updated by 12:35 p.m. ET<\/em><\/figcaption><\/p>\n<\/figure>\n

According to\u00a0<\/strong>Benzinga …<\/strong><\/a><\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A post-earnings surge in Meta Platforms Inc. (NASDAQ:META) and Microsoft Corp. (NYSE:MSFT) sent major tech-heavy indices to fresh record highs Thursday, capping a fourth consecutive month of gains for U.S. equities. By midday in New York, the S&P 500 rose 0.7% to break above 6,400, while the Nasdaq 100 climbed past 24,500 \u2014 each logging […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-39820","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39820"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/39820\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}