Microsoft, Meta Earnings Take Center Stage | Open Interest 7/29/2026

Summary

Investors await critical Microsoft and Meta results after SK Hynix’s profit surge initially failed to impress but later recovered. Oil jumps as Trump threatens Iran, adding to geopolitical uncertainty. Ford raises guidance on strong truck and EV battery demand for data centers. J.P. Morgan’s strategist recommends real assets for inflation resilience, while Procter & Gamble misses and Logitech warns of chip supply disruption.

• Tech earnings face a high bar with Microsoft and Meta in focus; SK Hynix’s 550% profit surge sparks volatile trading.
• Fed expected to hold, but a 35% chance of a surprise hike looms amid sticky inflation and renewed Middle East tensions.
• Oil spikes to near $90/bbl after President Trump threatens new strikes on Iran, raising fears of a wider conflict and supply disruptions.
• Ford raises full‑year profit outlook for the second time, buoyed by robust SUV/pickup demand and a promising AI‑driven energy storage business.
• Consumer spending shows a mixed picture: Visa beats despite layoff charges, while Procter & Gamble misses as shoppers resist further price hikes.
• J.P. Morgan Private Bank strategist favors real assets and infrastructure as an inflation hedge and way to capture AI‑related electrification demand.
• Logitech warns a chip supplier disruption could weigh on holiday quarter sales, even as the company posts its tenth consecutive quarter of growth.
• Luxury goods diverge: Hermes sinks on China weakness, while Gucci‑parent Kering rallies on turnaround signals.