As of Thursday, July 30, 2026 (4:45 PM ET close), the S&P 500 closed at 7,437.63 — up +1.66% versus Wednesday's 7,316.15 close (+0.33% WTD). Microsoft's record 15% post-earnings surge drove the re-rate: XLK +5.28%, QQQ +3.75%, XLY +2.52%. META beat revenue ($60.80B) but missed EPS by 14% on capex. 10Y at 4.70% (above the 4.657% FOMC peak); TLT $82.73. Defensives unwound (XLP -2.16%, XLV -1.77%). The 1-month 7,500 target is +0.84% above; 3-month 7,600 is +2.18% above; year-end 7,800 is +4.87% above. Next: AMZN Q2 after-close tonight, July PCE + Q2 GDP (Fri Jul 31).