Macroeconomic & Market Dynamics - S&P 500 closed the month of July virtually unchanged, while the 10-year Treasury yield rose to 4.7% [1][2][77] - The 30-year Treasury yield reached its highest level since 2007, and the VIX jumped to its highest level since April [4][6] - Crude oil prices experienced a 20% jump during the month [4] Technology & Corporate Earnings - Apple reported a decline in shares with September quarter growth guided down to 9% to 11% compared to 14% in the June quarter [35][42] - Chevron posted record second-quarter results and used cash to pay down debt, with overall oil production projected to grow by 7% to 10% [50][57] - Universal Music Group saw shares drop 17% following its second straight quarterly miss amid slowing streaming growth [72][74] Telecommunications & Security - Glide Identity partnered with AT&T, T-Mobile, and Verizon to launch authentication security with initial coverage at 8% [22][24]
US Stocks Rally To End Turbulent Month | The Close 7/31/2026