Market wrap: Key movers and themes for July 2026

The Progressive Corporation reported Q2 FY2026 earnings that beat estimates, with revenue and net income rising significantly compared to the same period last year.

Spotify Technology S.A. reported Q2 FY2026 earnings that missed estimates slightly, with EPS of 2.61 and revenue of $4.78 billion.

Stock futures and oil prices ticked higher ahead of the July jobs report, with investors awaiting key data on employment and its implications for Fed policy.

Gold prices surged to $4,350 as the U.S. economy lost 23,000 jobs in July, missing expectations and triggering investor concerns.

July CPI data may come in hotter than expected, potentially accelerating the AI bubble burst and influencing Fed policy.

Software stocks and the AI trade are facing turbulence as uncertainty over Fed policy and regulatory developments weighs on the market.

BitFuFu Inc. (NASDAQ: FUFU) announced its July 2026 Bitcoin production and operational updates, emphasizing expansion and disciplined strategy.

The Dow slipped as Nasdaq rose after weak July jobs data reduced expectations of a Fed rate hike in September.

Twilio‘s Q2 earnings beat expectations with strong revenue growth and improved guidance, boosting investor confidence.

U.S. inflation data for July will be in focus as the Federal Reserve weighs its interest-rate decisions.

Bitcoin rose above $65,000 as weak U.S. jobs data reduced rate-hike odds, boosting risk assets.

The U.S. Senate passed a Russia sanctions bill championed by late Senator Lindsey Graham, which will now move to the House.

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