Market Close: Mixed July for Markets, Amazon Soars, Oil Higher • 7/31/26
Speakers
Jim Cramer
— Host, Mad Money
Mike Santoli
— Senior Markets Commentator
Jessica Ettinger
— Anchor, CNBC
Summary
Stocks ended July mixed with Amazon soaring and Apple dropping. The S&P 500 held near 7,500 as Jim Cramer praised Amazon's profitability outlook while oil surged on geopolitical tensions.
- Major averages mixed in July, Dow green, S&P and Nasdaq red.
- Amazon shares surged 15% on strong AWS growth and CEO Jassy's profitability outlook.
- Apple shares fell 7% after guidance miss and uncertainty about margin/multiple outlook.
- S&P 500 near 7,500 level seen as potential support after churning and de-risking.
- Oil prices up 21% in July on escalating US-Iran conflict.
- Gold had first positive month in five.
- Upcoming catalysts: July jobs report, SpaceX earnings, Caterpillar, McDonald's, Disney earnings.
Ideas
S&P 500 may have reloaded for upside.
The S&P 500 has been churning around the 7,500 level, de-risking parts of the market, and may have reloaded for further upside now that most of earnings season is over.
Apple may face lower multiple, margin era.
Apple's earnings beat but guidance was below the Street, and Tim Cook's final earnings call did not clarify whether the weakness is temporary supply constraints or the start of a lower-margin, lower-multiple chapter, posing downside risk.
Amazon profitability and AWS growth accelerating.
Amazon CEO Andy Jassy gave a clear line of sight to great profitability, easing concerns; AWS is a $169B annualized run rate business with its fastest growth in 18 quarters and five consecutive quarters of acceleration, making the stock compelling.
Up Next
This CNBC video, published July 31, 2026, features Mike Santoli, Jessica Ettinger, Jim Cramer discussing SPY, AAPL, AMZN. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Mike Santoli, Jessica Ettinger, Jim Cramer · Tickers: SPY, AAPL, AMZN