As of Friday, July 31, 2026 (4:00 PM ET close), the S&P 500 closed at 7,489.72 — up +0.70% versus Thursday's 7,437.63 close (+1.03% WTD). Amazon's Q2 AWS beat (+37% YoY) drove XLY +3.04% (+4.48% WTD, best performer); June PCE printed negative MoM (first since mid-2022), core 3.3% YoY; Q2 GDP +1.5% annualized (soft-landing). 10Y held at 4.66% area; TLT $82.10. XLK -0.30% (MSFT consolidation) but +0.52% WTD; QQQ +0.58%. The 1-month 7,500 target is +0.14% above; 3-month 7,600 is +1.47% above; year-end 7,800 is +4.14% above. Next: GOOGL Q2 (Tue Aug 4), AAPL Q3 (Thu Aug 6), Warsh Jackson Hole (Aug 27-29).