Dow Jones Extends Rebound with 0.53% Gain to 52,485.03

The Dow Jones Industrial Average rose 276.97 points to close at 52,485.03 on July 31, marking a 0.53% gain from the previous day.

This increase came after a turbulent week for global equities, which was bookended by the Federal Reserve's rate decision and a subsequent scramble by investors to reprice the outlook for US monetary policy.

A blowout batch of second-quarter earnings from Microsoft and Amazon helped semiconductor and hyperscaler-adjacent shares recover their losses, paving the way for Friday's broad-based advance.