Public Markets 3 Days

Last updated: July 30, 2026, 5:30 PM ET

Crypto Markets Under Pressure

Coinbase swung to a loss in the second quarter, reporting revenue down 19% to $1.22 billion and missing analyst estimates, causing shares to fall in after-hours trading. The cryptocurrency exchange, highlighting the impact of a cooling crypto market on even diversified exchanges. Similarly, Strategy Inc. reported a loss of $8.22 billion, a sharp reversal from the previous year's profit, as the company shores up liquidity while awaiting a market rebound.

AI and Tech Stocks Rally on Strong Earnings

U.S. stocks rallied, with the Nasdaq jumping 2.8% following robust earnings from Microsoft, which restored momentum to the artificial-intelligence boom. Microsoft is on track to record the largest one-day increase in market value for any stock in history, as chip stocks rebounded and the company's shares surged. Apple also with strong iPhone sales, reporting smartphone revenue up more than a fifth. Amazon shares surged higher after its cloud business grew 37%, with capital expenditure climbing to $53 billion in the June quarter. NXP Semiconductors posted a profit of $767 million, driven by growth across all end markets and regions, with particular strength in software-defined vehicles and physical AI customers. Seagate Technology, a significant increase from the prior year, as the AI boom drives demand for data storage.

Automotive and Energy Sectors Face Mixed Fortunes

Churchill Downs Inc. shares tumbled nearly to a six-year low after announcing plans to sell nine regional casinos. Meanwhile, U.S. refiners posted some due to a global fuel shortage exacerbated by refinery closures and geopolitical conflicts. Oil futures after U.S. retaliatory strikes on Iran, while U.S. natural gas futures. Toyota Motor Corp. is set to from the yen's slide to a 40-year low, offering a respite from tariffs and war impacts. BMW AG's due to cost cuts and strong demand for new models. Rolls-Royce Holdings Plc raised its full-year guidance for a second time as demand for engines soared.

Private Markets and Investment Firms Navigate Challenges

The default rate across U.S. private debt borrowers in the second quarter, according to Fitch Ratings. Blue Owl to buffer private-credit woes, with its real assets segment eclipsing credit in fundraising. KKR recorded best-ever despite a slump in the private-equity sector, as the firm's asset sales defied the broader slowdown. Investment giants are, with KKR selling private-equity investments and Blue Owl reporting that investor withdrawals had bottomed out. Ares Management has held talks to buy Leonard Green & Partners, a deal that would significantly expand its private equity business.

Retail and Consumer Goods Show Varied Performance

Crocs raised its sales and profit outlook for the full year, though expectations for the current quarter missed targets, leading to a share price drop. Adidas shares after heavy marketing spending for the FIFA World Cup squeezed earnings. Reformation and Jersey Mike’s for the consumer sector, which faces twin pressures. Jersey Mike’s Subs Inc. shares slumped 6% in their trading debut after raising $1 billion in an IPO. Women's wear firm Reformation Inc. closed barely in its trading debut after raising $210.9 million. Yum Brands is, a significant food-safety crisis for Taco Bell. Campari recorded 2.5%, with its core aperitifs business booking 4% growth, offsetting a U.S. bourbon slump. Mastercard's sales rose in the second quarter, driven by growth in its payment network. Altria Group had due to softer oral-tobacco performance. Danone's global sales grew 4.2% on a like-for-like basis in the second quarter, with Japan driving demand.

Geopolitical Tensions and Economic Uncertainty Persist

Oil prices are, with bond yields also higher on inflation concerns. Treasury yields were, amid escalating U.S.-Iran tensions. Saudi Arabia’s quarterly fiscal deficit, benefiting from a spike in oil prices. Bond investors' inflation angst is, as government bond yields remained elevated. UAE borrowers are amid the Middle East conflict. Philippine banks have set aside the most funds for potential loan losses since at least 2008, bracing for defaults as the conflict weighs on the economy. India is due to Black Sea disruptions.

Regulatory and Political Developments Unfold

The UK's Financial Conduct Authority plans to publish a daily summary of trading in the country's shares to increase transparency. The Department of Justice, in a case testing the Alien Terrorist Removal Court. Republicans Blanche's nomination for attorney general.

Other Notable Market Movements

Stryker logged higher amid recovery from a cyberattack. First Solar sales, as customer cancellations offset increased module sales. Reddit posted higher, as user growth boosted advertising revenue. However, shares fell after Reddit. BNY Mellon for its records, signaling a new era for Wall Street. S&P Global Ratings acquired a majority stake in Nigeria-based Agusto & Co. to deepen its Africa coverage.