Amazon's 14.9% Jump Lifts the Dow While Apple Drags It Back

4 weeks ago 12

Anders Bylund, The Motley Fool

Fri, July 31, 2026 astatine 12:31 PM CDT 4 min read

U.S. stocks are drifting somewhat higher astatine midday Friday arsenic 2 of the market's largest companies determination successful other directions.

The Dow Jones Industrial Average (DJINDICES: ^DJI) is up 0.3% arsenic of 12:14 p.m. ET. The S&P 500 (SNPINDEX: ^GSPC) has added 0.2%, connected gait for its archetypal winning week successful three. The Nasdaq Composite (NASDAQINDEX: ^IXIC) scale is besides up 0.2%, good disconnected an intraday precocious adjacent 1.3% reached soon aft the open.

Missed Nvidia successful 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" awesome flashed for a little-known chipmaker called Nvidia. For the archetypal clip successful years, that aforesaid "Total Conviction" awesome is flashing for a institution 1/100th the size of Nvidia. Continue »

^DJI information by YCharts

Why Amazon and Apple went their abstracted ways

Amazon (NASDAQ: AMZN) stole the show, jumping 14.9% aft posting $200.6 cardinal successful second-quarter revenue. The existent header was Amazon Web Services, wherever income grew 37% from a twelvemonth ago; that's the fastest AWS has grown successful 18 quarters. Management reaffirmed a full-year capex outlook of adjacent $220 billion. The study confirmed that dense AI infrastructure concern is translating into accelerating unreality demand. Amazon unsocial added astir 208 points to the Dow.

Apple (NASDAQ: AAPL) subtracted astir 188 points from the Dow, astir erasing Amazon's contribution. The iPhone maker's banal fell 9.4% contempt an analyst-stumping Q3 report. Management's next-quarter guidance was muted, citing constituent proviso constraints tied to the AI hardware boom. Many chips are some pricey and hard to travel by successful this market.

Golden bull and carnivore figurings facing disconnected atop a paper dispersed of banal prices.

It was a mixed container of chips today. The iShares Semiconductor ETF (NASDAQ: SOXX) gained 0.7%, but representation names lagged. Micron Technology (NASDAQ: MU) fell 5.3%, for instance. Investors astatine the country of Wall Street and Silicon Valley are sorting retired mixed signals from 4 Magnificent 7 stocks this week.

Macro pressures capped the bullish marketplace mood. Oil prices roseate arsenic Middle East tensions flared backmost up. The 10-year Treasury output ticked up 5 ground points to 4.7% and golden slipped 1.6%.

The Invesco S&P 500 Equal Weight ETF (NYSEMKT: RSP) dipped 0.3% portion the cap-weighted scale trackers roseate by the aforesaid amount. In different words, the emblematic banal is really reddish today. Mega caps are the ones lifting the S&P 500 supra breakeven.

Zooming retired connected a chaotic July

Sound familiar? It should. You saw a akin publication playing retired earlier this week.

Prove that AI spending pays off, and the marketplace throws you a party; amusement up without a unreality concern to warrant the hype, and you get sent to the corner. The dunce headdress is optional.

Read Entire Article