---
title: "U.S. stock market midday update: CME up 5.03%, quarterly profits exceed expectations, increased volatility boosts hedging demand"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293512979.md"
description: "CME rose 5.03%; Coinbase fell 5.31%, with a transaction volume of $908 million; MSCI rose 0.81%, with a transaction volume of $479 million; Moody's fell 0.61%, with a transaction volume of $461 million; S&P Global fell 0.56%, with a market value of $130 billion"
datetime: "2026-07-22T19:48:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293512979.md)
  - [en](https://longbridge.com/en/news/293512979.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293512979.md)
---

# U.S. stock market midday update: CME up 5.03%, quarterly profits exceed expectations, increased volatility boosts hedging demand

**U.S. Stock Market Midday Update**

CME Group rose 5.03%. Based on recent key news:

1.  On July 22, CME Group's second-quarter adjusted profit exceeded expectations, with the stock price rising 5.4%. The company reported earnings per share of $2.99, higher than the market expectation of $2.91, driving the stock price up. Source: Jinshi Data
    
2.  On July 22, CME saw increased market volatility prompting more investors to hedge their positions, resulting in profit growth for the second quarter. Adjusted profit attributable to shareholders was $1.08 billion, an increase compared to the same period last year. Source: Zhito Finance
    
3.  On July 22, CME executives stated that strong performance was overshadowed by discussions surrounding perpetual futures. Despite the popularity of perpetual futures, their design does not provide a buffer during crises, potentially exacerbating market volatility. Source: Wall Street Insight Market volatility increases, investor hedging demand rises.
    

**Top Stocks by Trading Volume in the Industry**

Coinbase fell 5.31%. Based on recent key news:

1.  On July 20, Coinbase expected second-quarter trading volume to fall below market expectations, impacted by the decline in Bitcoin prices, with trading volume decreasing for the third consecutive quarter, and the stock price dropping over 55%. Source: CNBC
    
2.  On July 22, Benchmark lowered Coinbase's earnings expectations due to weak cryptocurrency trading, with investors focusing on the potential impact of the Clarity Act. Source: Golden Finance
    
3.  On July 22, Coinbase launched tokenized stock services in Canada, aimed at enhancing asset liquidity, marking an innovation in digital financial services. Source: Woofun AI Cryptocurrency market volatility increases, regulatory risks rise.
    

MSCI rose 0.81%, with increased trading volume. Based on recent key news:

1.  On July 21, MSCI announced it would conduct a concentration review of its enhanced value index and plans to initiate public consultations to improve methodology. This news may trigger market expectations for index adjustments, driving the stock price up. Source: Reuters
    
2.  On July 21, MSCI reported second-quarter revenue of $867 million, slightly below the market expectation of $870.7 million. Despite the revenue being slightly below expectations, overall performance was strong, driving the stock price up. Source: Reuters
    
3.  On July 21, Citigroup released a report on emerging market stock strategies, maintaining an optimistic view on the MSCI Emerging Markets Index, with an expected year-end target price of 1870 points, providing a positive market outlook that supports stock price increases. Source: Zhito Finance Emerging markets perform strongly, AI trading volatility increases.
    

Moody's fell 0.61%, with increased trading volume. Based on recent key news:

1.  On July 22, Moody's reaffirmed its full-year revenue growth guidance and raised its stock buyback guidance to $3 billion. This move shows the company's confidence in future performance; however, the stock price still fell, reflecting market concerns about the macroeconomic environment Source: Reuters
    
2.  On July 22, Moody's reported a second-quarter adjusted earnings per share of $4.68, exceeding analyst expectations, with revenue growing 15.1% year-over-year. Despite the strong performance, the stock fell 1.7% in pre-market trading, reflecting investor caution regarding future profitability. Source: MT Newswires
    
3.  On July 21, Moody's expressed concerns about policy uncertainty and fiscal sustainability risks in Indonesia, reaffirming its cautious stance. This news heightened market worries about emerging market risks, impacting Moody's stock performance. Source: Bloomberg Macroeconomic uncertainty affects market sentiment.
    

**Stocks Ranked Among the Top by Market Capitalization in the Industry**

S&P Global fell 0.56%. Based on recent key news:

1.  On July 21, S&P Global launched an adaptive search service aimed at providing data access for AI agents and LLMs. This innovation could enhance the company's competitiveness in the data services sector, attracting more customers to its platform and driving stock price volatility.
    
2.  On July 22, S&P Dow Jones Indices partnered with Pantera Capital to launch a digital asset index, marking a maturation of the digital asset market. This move could attract more institutional investors' attention to the digital asset space, affecting S&P Global's market positioning.
    
3.  On July 20, JP Morgan analysts maintained a buy rating on S&P Global, with a target price of $555. The analysts' positive assessment could boost investor confidence, influencing stock price trends. The maturation of the digital asset market and increased institutional participation

### Related Stocks

- [CME.US](https://longbridge.com/en/quote/CME.US.md)
- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [MSCI.US](https://longbridge.com/en/quote/MSCI.US.md)
- [MCO.US](https://longbridge.com/en/quote/MCO.US.md)
- [SPGI.US](https://longbridge.com/en/quote/SPGI.US.md)

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