Tech Stocks Fuel US Market Surge Amid High Interest Rates

The US stock market exhibited a bullish trend on July 30, 2026, as investors evaluated the Federal Reserve's monetary policy move and earnings reports. Tech stocks led the way, driving the Nasdaq ahead of other indices.

Microsoft's cloud revenue growth of 43% contributed to positive momentum, with its stock surging nearly 14%. Meanwhile, Meta Platforms' share price tumbled by 8.5-9% due to a 91% drop in free cash flow, largely attributed to excessive spending on AI technology.

The market is being supported by higher-than-anticipated corporate profits and the expectation of persistently high interest rates. Investors are setting positions ahead of Apple and Amazon's earnings reports.