On July 30, the Federal Reserve held rates steady for the fifth consecutive time this year, sending a hawkish signal. The three major U.S. stock indexes opened higher collectively, with the Nasdaq up 1.67%, the S&P 500 up 1.01%, and the Dow up 0.64%. Microsoft surged nearly 12% after its Q4 results beat expectations; it lowered its FY2027 capital expenditure guidance to $175 billion. Meta fell over 9% as free cash flow plummeted 90% to the lowest level in nearly four years, and its Q3 revenue guidance midpoint missed expectations. SK Hynix rose over 8% after SK Group Chairman Chey Tae-won purchased 3,620 shares, valued at approximately 4.8 billion won (about $3.34 million) based on today's closing price.
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