Nasdaq Composite

The Nasdaq advanced as July CPI data kept the September Fed-hold trade alive and AI infrastructure earnings gave technology buyers fresh support. CoreWeave and Super Micro pointed to strong demand across cloud capacity and AI-ready data-center servers.

The Nasdaq advanced as July CPI data kept the September Fed-hold trade in play and AI infrastructure earnings strengthened risk appetite. CoreWeave and Super Micro led the move after updates that pointed to firm demand across cloud computing and AI-ready data-center hardware.

The Dow Jones Industrial Average has notched a fifth straight higher close, showing that industrials remain supported even as technology shares weaken. The next test for risk appetite is whether the Nasdaq can stabilize as SpaceX insider share supply meets fresh anxiety over AI infrastructure spending.

Amazon’s strong move and lower oil prices helped support major stock indexes, while semiconductor weakness kept the rally uneven. Strong ISM manufacturing signals put the focus back on the Fed and Friday’s payrolls report.

Tokenized stock and ETF trading climbed to a record $11.3 billion in July, rising 288% as demand concentrated heavily in Binance’s QQQB token. Excluding QQQB, tokenized-equity volume was roughly $2.03 billion, about 30% below June’s implied total.

The Federal Reserve’s decision to hold rates removed the immediate surprise risk markets had feared, but three dissents for tighter policy kept the policy outlook unsettled. Stocks, the dollar, gold and silver all reacted unevenly as traders shifted attention to upcoming inflation, jobs, GDP and PCE data.

U.S. equities turned lower as a jump in crude oil and escalating Iran tensions undermined the rotation that had supported the Dow. Semiconductor weakness deepened, leaving investors focused on the FOMC press conference and major technology earnings after the close.

The Nasdaq Composite is sitting near a key technical area after settling on the strong side of its 50-day moving average and inside a short-term retracement zone. Chip weakness, upcoming retail sales and jobless claims data, and the Netflix report after the close are shaping the next move for US technology shares.

U.S. stocks traded mixed Tuesday as softer June inflation data revived demand for technology and growth shares. Chipmakers helped the Nasdaq outperform, while IBM’s profit warning dragged on the Dow Jones Industrial Average.