Nasdaq, S&P 500 ride chip-stock wave before Fed decision

NASDAQ Composite Daily Chart with Moving Average Multiple Indicator

The Nasdaq and the S&P 500 jumped around 2%, as investors hoped for hints from the Federal Reserve on the timing of rate cuts, a bullish forecast from AMD boosted chip stocks and Microsoft slipped after a higher spending forecast.

Oil up from 7-week lows

Oil prices rose more than 4%, rebounding from seven-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed a drawdown in U.S. crude stockpiles driven by robust exports.

The Oil-Dollar pair exploded 4.3% in the last session. The ROC is giving a positive signal.
WTI/USD exploded 4.3% in the last session.
The ROC is currently in the positive zone.
Support: 74.5633 | Resistance: 77.2833

S&P 500 barely rises as investors await key results, jobs data, Fed meeting


 S&P 500 Daily Chart with Moving average Multiple Indicator

The S&P 500 closed barely higher after choppy trading session as investors held their breath ahead of a raft of big technology company earnings, a Federal Reserve policy decision on interest-rate cuts and key US labor data, all due this week.

A bruising selloff in U.S. stocks is putting a sharper focus on valuations of the tech names such as Nvidia and Microsoft that have driven markets higher for most of this year. Despite a recent pullback, the S&P 500 tech sector is trading near a two-decade high reached earlier this month.

Solana near yearly high after 27% July gain and SOL price ‘double bottom’

Solana Daily Chart with Moving Average Multiple Indicator

Solana’s price is primed to end July with a 30% monthly return and looks poised to challenge its yearly high of around $210 over the next few weeks. While most of the community attributes SOL’s success to its memecoin euphoria, its robust liquid staking ecosystem is emerging as a strong onchain narrative.