Market wrap: Boeing, Gold, Bitcoin, and More

Boeing reported second quarter results with revenue of $24.6 billion, driven by strong commercial deliveries and a record backlog, despite a GAAP loss per share of ($0.67).

Gold prices fell to 4,047 USD per ounce as fears of an early Fed rate hike and declining oil prices weighed on investor sentiment.

Bitcoin fell near $63,000 as Asian stocks tumbled and the U.S. Senate delayed the Crypto Clarity Act, intensifying risk-off sentiment ahead of the Fed decision.

UPS reported earnings above expectations and raised its full-year guidance, reflecting strong performance and improved outlook.

The ADP National Employment Report preliminary estimate for July 11, 2026, shows 15,000 jobs added per week.

Altria (MO) offers a 5.8% dividend yield ahead of its July 30 earnings report, attracting income-focused investors.

Coca-Cola shares surged nearly 7% after reporting quarterly results that exceeded Wall Street expectations.

China has set boundaries on new US tariffs and warned against sanctioning Chinese AI companies ahead of the Trump-Xi meeting.

IBM shares plummeted 25% following disappointing Q2 results, wiping $68 billion from its market cap and prompting a shareholder investigation.

The U.S. Senate is preparing to hold a key vote on new sanctions targeting Russian officials, oligarchs, and financial institutions.

What to watch next

Investors should monitor the Federal Reserve’s upcoming decision on interest rates, the U.S. Senate’s vote on Russia sanctions, and the outcome of the Trump-Xi meeting, which could influence global trade and tech policies. Additionally, the July 30 earnings report from Altria and the potential impact of the delayed Crypto Clarity Act on cryptocurrency markets are key developments to watch.

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