Key U.S. Stock News Summary July 29, 2026

Today's Pre-Market Outlook

Fed Interest Rate Decision

U.S. EIA Crude Oil Inventory Change

Microsoft, Meta, and Corning Developments Report

Micron Plummets 8.9%, Leading a New Wave of Chip Stock Sell-Off

Memory chip manufacturer Micron (Micron) (MU-US) became one of the biggest losers on Tuesday (28th), despite relatively avoiding the worst sell-off the previous trading day, now it's catching up on the downside, which is not a good sign. Micron's stock price plummeted 8.9% on Tuesday, while SanDisk (SNDK-US), Western Digital (WDC-US), and AMD (AMD-US) fell approximately 14.3%, 6.9%, and 8.2% respectively. Read More

Apple Surpasses Nvidia to Regain Top Global Market Value, But the Throne May Not Last Long

Apple (AAPL-US) this week surpassed Nvidia (NVDA-US) to once again become the company with the highest global market value, but as the market becomes increasingly concerned about product price pressure, this throne may not last long. This iPhone manufacturer benefited from the outflow of market funds from AI-related stocks, its stock price rose 0.9% on Tuesday, closing at $340.08, setting a new historical closing high. However, according to Dow Jones market data, its closing market value has not yet broken through $5 trillion. Read More

What Will Meta's Earnings Call Say? Traders Bet on This Keyword

Meta (META-US) is scheduled to release its earnings after the U.S. market closes on Wednesday (29th). According to predictions from the market platform Kalshi, company management will focus on cloud computing, Ray-Ban Meta smart glasses, and self-developed chips during the earnings call, and may avoid discussing policy controversies such as minors' use of social media. Kalshi has a 'mentions market' that allows traders to bet on whether specific words will appear in the earnings call or public speech. Read More

Dark Side of the Moon Opens Kimi K3 Download After Jensen Huang Visits Washington to Advocate for Open-Weight AI

Nvidia (NVDA-US) CEO Jensen Huang visited Washington on Tuesday (28th) to meet with multiple U.S. officials and members of Congress, urging policymakers to support open-weight (Open-Weight) artificial intelligence (AI) models. He emphasized that such models not only help maintain industry innovation vitality but are also an important foundation for the U.S. to strengthen AI security and cybersecurity defense. Read More

Fed's Rate Hike Probability Nears 40% This Week! Warsh Still Has Three Reasons to Hold Off

The Federal Reserve (Fed) will hold an interest rate decision meeting this week. Although the market is betting on a near 40% chance of a rate hike, the Federal Open Market Committee (FOMC) may also have 3 to 4 members supporting an immediate rate hike. However, analysts believe that Chairman Warsh (Kevin Warsh) has at least three reasons to choose to hold off: he himself has not yet agreed with the rate hike argument, a rate hike may weaken the significance of his policy reform team, and this move may draw him into the political struggle between the Trump administration and the Fed. Read More