Bloomberg Television·2026-07-28 22:31Market Performance and Indices - S&P 500 index rose by 0.3% to 7,043, while the Dow Jones Industrial Average gained 594 points [11] - Philadelphia Stock Exchange Semiconductor Index (SOX) declined by 4.4% amid a broader semiconductor selloff [11] - Apple shares traded higher, briefly making it the second company to hit the $5 trillion market capitalization mark [5] - Micron shares dropped 8.9%, Intel fell 5.4%, and NVIDIA bucked the trend by rising 0.3% [12] Monetary Policy and Macroeconomics - Federal Reserve meeting initiated with markets pricing in potential rate hike uncertainty under incoming chair Kevin Warsh [5][13][92] - U.S. economy demonstrated resilience with gross domestic product growth holding around 2% and cooling inflation rates [15] Corporate Earnings and Strategic Updates - Coca-Cola raised its full-year outlook, bolstered by demand and its major sponsorship of the FIFA World Cup [71] - United Parcel Service (UPS) boosted its annual sales guidance to 91.2 billion dollars, up from a prior forecast of 89.7 billion dollars [72] - JetBlue shares rose approximately 9.5% after reaffirming full-year guidance, achieving positive cash flow expectations next year, and expanding LaGuardia Airport operations [95][97] - Zillow shares increased following a federal judge's dismissal of a lawsuit regarding consumer steering practices [103]