Wall Street rally on July 31, 2026 driven by AI‑focused tech earnings
On July 31, 2026 the U.S. stock market posted broad gains. The S&P 500 rose 0.7%, the Nasdaq Composite gained 1.0% and the Dow Jones Industrial Average increased 0.5%. Technology stocks led the advance, with Amazon shares surging about 15% after beating earnings expectations and reporting strong cloud growth, while Apple fell 7‑8% on weaker services revenue and soft sales in China.
The AI investment boom continued: the four largest cloud providers—Microsoft, Amazon, Alphabet and Meta—plan to spend a combined $720‑745 billion on capital projects in 2026, underscoring sustained demand for AI infrastructure. Bond markets showed pressure, as the 10‑year U.S. Treasury yield climbed to 4.73%, its highest level since January 2025.
In parallel, the Vanguard S&P 500 ETF (VOO) closed at $686.65, keeping the price above its EMA20, EMA50 and EMA200 moving averages, indicating the overall uptrend remains intact despite a cooling of short‑term momentum.
Entities: Alphabet Inc. · Amazon.com Inc. · Apple Inc. · BP plc · Brent crude oil · Hexpol · Japanese yen · Microsoft Corp. · Mikko Jalasto · Nvidia Corp. · OMXS30 · OMXSPI
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] The OMXSPI index rose 0.8 % on the trading day. (The OMXS30 index rose 1 % while the broader OMXSPI gained 0.8 %.)
- [DISPUTED] Brent crude price fell 2 % to about $85.5 per barrel. (Spot price on Brent oil fell 2 % to $85.5 a barrel.)
- [○ 1 SOURCE] The OMXS30 index rose 1 % on the trading day. (The OMXS30 index rose 1 % while the broader OMXSPI gained 0.8 %.)
- [○ 1 SOURCE] Sotkamo Silver increased turnover by 150 % in the second quarter. (Sotkamo Silver reported a 150 % increase in turnover for the second quarter.)
- [○ 1 SOURCE] Hexpol acquired an Italian company. (Hexpol disclosed the acquisition of an Italian firm.)
- [● 2 SOURCES] Viking Supply Ships appointed Ulrik Mannhart as chief executive effective 1 August. (Viking Supply Ships announced Ulrik Mannhart as its new chief executive, effective 1 August.)
- [○ 1 SOURCE] Sotkamo Silver CEO Mikko Jalasto said there are no active plans to change the company's stock‑exchange listing. (CEO Mikko Jalasto said there are no active plans to change the company's stock‑exchange listing.)
- [○ 1 SOURCE] AI‑related stocks Munters, ABB, Atlas Copco, Sivers Semiconductors and Silex all posted gains of between 1.6 % and 14 %. (Companies such as Munters (+3 %), ABB (+1.6 %), Atlas Copco (+1.6 %), Sivers Semiconductors (+14 %) and Silex (+3.4 %) …)
- [● 2 SOURCES] The Dow Jones Industrial Average rose 0.5% on the trading day. (both)
- [○ 1 SOURCE] Amazon.com Inc. stock increased more than 12% after reporting strong earnings. (Company earnings release)
- [DISPUTED] The Nasdaq composite index rose 0.9% on the trading day. (Wall Street market data)
- [○ 1 SOURCE] Micron Technology and Western Digital’s SanDisk shares rose between 5% and 9% on the day. (Equity market reporting)