Markets Open · No. 064 · Published 9:31 AM ET
Make sense of the market, every morning.
← Issue 063 Issue 064
01

Three Things to Know

1

Apple and Amazon report earnings after the bell

Two of the market's biggest names close out a huge earnings week tonight. Given how much they weigh on the S&P 500, a stumble from either could erase today's tech-led gains.

2

Meta cratered on earnings while everything else rose

The broad rally masked a sharp drop in Meta after its results disappointed. It's a warning that strong index numbers can hide real pain in individual stocks.

3

Gold hit $4,133 as fear gauge dropped 8.5%

Investors bought both calm and insurance at once. Rising gold during a stock rally suggests smart money isn't fully convinced the good times are safe.

02

Markets at a Glance

Composite Risk Score
5.0/10
Moderate · Stable Conditions
S&P 500+0.94%
7,385
5-day trend
NASDAQ+1.60%
24,835
5-day trend
10Y YIELD+1.15%
4.68%
5-day trend
VIX-8.47%
18.91
5-day trend
DOW JONES
51,945
+0.68%
RUSSELL 2K
GOLD
4,134
+2.45%
OIL WTI
83.54
-1.09%
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03

World Markets

North America
S&P 5007,384.99+0.94%
Nasdaq24,834.97+1.60%
Dow Jones51,945.37+0.68%
Oil (WTI)83.54-1.09%
Gold4,133.70+2.45%
10Y Yield4.68%+1.15%
VIX18.91-8.47%
USD Index100.70-0.10%
Europe
FTSE 10010,964.71+0.52%
DAX25,546.51+0.34%
CAC 408,499.68+1.09%
Euro Stoxx 506,322.60+1.18%
Asia
Nikkei 22561,867.43+0.71%
Hang Seng25,858.88+0.20%
Shanghai3,804.69-0.62%
04

The Big Picture

Stocks climbed across the board, led by tech. The Nasdaq jumped 1.6% and the S&P 500 tacked on 0.94% after inflation data came in soft enough to keep the Fed on a friendly path. The VIX, Wall Street's fear gauge, dropped nearly 8.5% to 18.91, meaning traders are calmer than they've been. The catch: Meta plunged on earnings, a reminder that even in a green day, individual bets can go badly wrong.

The thing to watch is gold. It rose 2.45% to $4,133 even as stocks rallied, which is unusual. Gold usually shines when people are scared, so buying it during a rally means someone is hedging against something they don't trust. Add a 10-year yield ticking up to 4.68% and you get a market that's optimistic on the surface but quietly buying insurance underneath. Today's Apple and Amazon earnings plus fresh GDP and inflation numbers will test how solid that optimism really is.

05

Story of the Day

Yahoo Finance

Terminal raises $20M to untangle fleet telematics data

Terminal, a startup that makes sense of the flood of data pouring off delivery trucks and commercial fleets, just raised $20 million. Boring on the surface, but it points to where money is flowing: not flashy consumer apps, but tools that squeeze efficiency out of old industries. For everyday investors, it's a signal that 'AI for unglamorous problems' is becoming a real, fundable business — the kind of thing that quietly reshapes logistics costs down the line.

06

More Headlines

07

Coming Up This Week

THU
30
AAPL Earnings ★★★
Biggest stock in the world reports; iPhone demand and margins set the mood
AMZN Earnings ★★★
Watch cloud growth — AWS is the real profit engine, not retail
8:30 AM ET
PCE (Personal Income & Outlays) ★★★
The Fed's favorite inflation gauge; a soft print keeps rate cuts alive
8:30 AM ET
GDP (Q2 2026 Advance Estimate) ★★★
First read on growth; a weak number stokes recession worries
8:30 AM ET
Jobless Claims ★★
Any jump here is the first sign the labor market is cracking
FRI
31
XOM Earnings ★★
Oil giant's results show whether cheaper crude is squeezing profits
10:00 AM ET
Consumer Sentiment (UMich, final) ★★
Confirms whether shoppers still feel confident enough to spend
MON
3
10:00 AM ET
ISM Manufacturing PMI ★★
A reading below 50 means factories are shrinking again
TUE
4
10:00 AM ET
JOLTS Job Openings ★★
Fewer openings would signal the hiring boom is fading
WED
5
SMR Earnings ★★
Small nuclear player; a gauge of appetite for the AI power buildout
10:00 AM ET
ISM Services PMI ★★
Services carry the economy — a miss here would really sting
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Hi, I'm Bogdan. I discovered the stock market in 2023 through a friend — and since then, barely a day goes by without me reading something about the economy or the markets. That curiosity is what built this.

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