- The S&P 500 closed higher on 7/31/26, driven by strong gains in Magnificent 7 and consumer discretionary stocks.
- Consumer discretionary led the market as Amazon surged after growing Q 2 revenue by 19.6 % to $ 200.61 billion and AWS growth accelerated to 37 %.
- The materials sector faced the largest drawdown, pressured by Corteva missing Q 2 revenue estimates of $ 6.62 billion with $ 6.38 billion and Linde reporting declining operating margins.