US Stock Markets Close Positively Amid Volatile Trading
US stock markets closed positively on Friday, July 31, 2026, despite volatile trading. The Dow Jones Industrial Average rose by 367.07 points or 0.70% to 52,575.13, while the S&P 500 gained 61.54 points or 0.83% to reach 7,498.92.
The Nasdaq Composite index led the gains with a rise of 1.06% to 25,387.48, driven by the rebounding technology sector, particularly Amazon, which surged between 13% and 15%. Amazon's cloud services segment generated revenues of $42.23 billion, beating estimates.
However, Apple saw a drop of approximately 9.2% to 9.9%, making it one of the session's biggest large-cap losers. Treasury yields remained a major market signal, with the 10-year yield near 4.74%. Investors also kept an eye on oil prices, which moved higher due to geopolitical concerns.
The performance of Amazon drew investors' attention to cloud and AI investments, while rising Treasury rates restricted upside potential in growth stocks. Small caps faced pressure due to increasing yields, with the Russell 2000 ending lower.