The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Sign in to access this content
Sign InReflecting a divergence in big-tech performance amid capital expenditure pressures, Nasdaq futures rose 1.3% led by a 9% jump in Microsoft shares following its fastest cloud unit growth in four years. Conversely, Meta Platforms shares slumped 8% pre-market after the company issued disappointing revenue guidance and projected increased capital spending. Meanwhile, long-term bond yields stabilized after 30-year yields reached two-decade highs of 5.22%.
In the context of peer performance per market data, Microsoft (MSFT) closed at $390.54 and Meta (META) at $585.61 as of July 29, 2026. Within the related semiconductor space, TSM stood at $374.67, while AMD closed at $585.61 and INTC at $86.30 in recent sessions. This mixed landscape highlights the sector's sensitivity to individual earnings reports against a backdrop of elevated borrowing costs and high treasury yields.
Traders should watch key support levels for mega-cap tech, with NVDA at $190.01 and AAPL at $338.19 as of the July 29, 2026 close. On the macro front, recent data showed the US Services PMI at 53.6, indicating resilient economic activity. The stabilization of long-term bond yields remains a critical catalyst for growth stock valuations in the upcoming sessions.