US stocks end higher with Dow's fourth month
U.S. stocks rose at the end of July, with the Nasdaq jumping by 1%, the S&P 500 increasing by 0.7%, and the Dow Jones rising by 0.5%, despite Treasury bond yields reaching their highest levels since 2007, with the 30-year note hitting around 5.26%. This led to a decline in investor confidence in the Federal Reserve's commitment to curb inflation, amid concerns that rising yields could negatively impact market valuations. The market also experienced sharp fluctuations, with shares of AI companies surging—Amazon up 15%—while Apple’s stock fell more than 9%, amid hopes of strong earnings in the second quarter, especially in the cloud computing sector. Nevertheless, major indices are heading toward monthly losses, and the market remains volatile despite weekly gains.
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