Public Markets 3 Hours

Last updated: July 30, 2026, 11:30 AM ET

Markets React to Inflation Data and Geopolitical Tensions

U.S. stocks climbed on Thursday, with the Nasdaq Composite leading the advance, as investors digested new economic data. Gross domestic product growth, while the Federal Reserve’s preferred inflation gauge eased during a brief pause in the conflict with Iran. Treasury yields edged higher as investors grappled with U.S. indicators and uncertainty surrounding the Federal Reserve’s future plans. Meanwhile, U.S. natural gas futures declined ahead of a key inventory report.

Corporate and Industry Developments

Amazon’s autonomous vehicle unit, Zoox, received clearance to begin paid robotaxi rides, marking a significant step for purpose-built self-driving technology. In the pharmaceutical sector, Sanofi shares slid sharply after its CEO signaled challenges in replenishing the company’s drug pipeline and indicated a revamp of its research-and-development operations. BP announced plans to as the U.K. oil major warned of an “oversupply” in the oil market. Ferrari reported higher profits, driven by hyper-personalization and AI wealth initiatives, with custom services expected to comprise as much as 20% of revenue. Mastercard’s sales increased in the second quarter, propelled by robust growth in its payment network.

Global Trade and Geopolitical Undercurrents