US open: Stocks mixed ahead of big tech results, key Fed call

28th Jul 2026 14:32

(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday as market participants geared up for a heavy week of mega‑cap earnings and a closely watched Federal Reserve decision.

As of 1450 BST, the Dow Jones Industrial Average was up 0.55% at 52,449.24, while the S&P 500 shed 0.14% to 7,402.76, and the Nasdaq Composite came out of the gate 0.82% lower at 24,728.77.

The Dow opened 289.16 points higher on Tuesday, extending gains recorded in the previous session.

Tuesday's early moves come as traders were looking ahead to quarterly earnings from Amazon, Meta, Microsoft and Apple later in the week, with markets focused on whether hyperscaler spending can keep supporting the chip trade even as some of the tech giants show signs of slowing.

In Tuesday's corporate news, Coca‑Cola topped earnings forecasts and lifted its full-year guidance, helped by stronger demand for lower‑calorie trademark Coke products such as Coke Zero and Diet Coke. Global unit case volume rose 5%, ahead of both the prior quarter's 3% gain and Wall Street's 2.5% expectation, with North America up 3%.

Boeing posted a wider‑than‑expected second‑quarter loss as additional charges on its long‑delayed Air Force One programme weighed on results, with the aircraft manufacturer booking a $280m loss on the project to deliver two next‑generation 747s to the US government, while UPS reported second‑quarter results that came in ahead of market expectations, with revenues rising 7.4% year‑on‑year to $22.8bn, beating analyst estimates of $21.87bn, while adjusted earnings per share were $1.76, around 5.8% above consensus.

Investors were also keeping an eye on moves in oil and bonds, with Brent crude slipping 2.48% to $86.17 a barrel and West Texas Intermediate easing 1.92% to $81.02 a barrel amid a pause in US-Iran hostilities, and the yield on the benchmark US 10‑year Treasury note easing more than two basis points to 4.633%.

On the macro front, America's goods trade deficit narrowed in June, while wholesale inventories continued to rise, according to preliminary figures from the Census Bureau, offering a mixed picture of underlying demand and supply‑chain conditions across the US economy. Preliminary figures showed the goods trade gap shrinking to $101.5bn from a 14‑month high of $105.9bn in May.

Exports fell 1.8% to $204.7bn, marking a second consecutive monthly decline, with lower shipments of industrial supplies, foods and beverages, and capital goods, while imports dropped more sharply, down 2.6% to $306.2bn, with purchases falling across all major categories including consumer goods, vehicles and non-durables.

Elsewhere, the Census Bureau reported that wholesale inventories rose 0.3% month‑on‑month in June to $945.9bn, matching May's upwardly revised increase and coming in ahead of expectations. Durable goods stocks climbed 0.7%, while non-durables, on the other hand, slipped 0.4% month-on-month, leaving inventories 4.4% higher year-on-year.

On another note, US house prices edged higher in May, according to the latest seasonally adjusted figures from the Federal Housing Finance Agency. The FHFA's monthly house price index showed a 0.3% rise from April, with prices up 2.2% on the year. The previously reported 0.1% decline for April was left unrevised. Across the nine census divisions, monthly changes ranged from a 0.6% fall in the Pacific region to a 1.4% increase in the East South Central division. Over the year, prices were down 0.3% in the Pacific but up 4.5% in the Middle Atlantic.

Still to come, July consumer confidence numbers and the Richmond Fed's manufacturing index will be released at 1500 BST.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Salesforce.Com Inc. (CRM) $173.60 6.07%

Apple Inc. (AAPL) $336.91 3.87%

3M Co. (MMM) $178.23 3.25%

American Express Co. (AXP) $335.39 2.83%

McDonald's Corp. (MCD) $270.67 2.23%

Coca-Cola Co. (KO) $84.07 2.21%

Verizon Communications Inc. (VZ) $47.32 2.03%

Visa Inc. (V) $362.53 1.91%

Walt Disney Co. (DIS) $96.65 1.90%

Cisco Systems Inc. (CSCO) $114.57 1.46%

Dow Jones - Fallers

Intel Corp. (INTC) $91.67 -8.26%

Dow Chemical Co. (DOW) $28.75 -3.65%

Chevron Corp. (CVX) $190.00 -2.42%

Caterpillar Inc. (CAT) $873.28 -1.74%

Goldman Sachs Group Inc. (GS) $1,048.23 -1.22%

Unitedhealth Group Inc. (UNH) $417.64 -0.74%

Merck & Co. Inc. (MRK) $130.76 -0.25%

S&P 500 - Risers

Charter Communications Inc. (CHTR) $131.61 12.76%

Robert Half Inc. (RHI) $39.74 12.61%

Copart Inc. (CPRT) $29.79 9.00%

Adobe Systems Inc. (ADBE) $237.75 8.83%

American Airlines Group (AAL) $14.95 7.98%

Autodesk Inc. (ADSK) $225.91 7.59%

Expedia Group Inc. (EXPE) $278.37 7.40%

Cognizant Technology Solutions Corp. (CTSH) $47.05 7.33%

Lamb Weston Holdings, Inc. (LW) $53.11 7.12%

Intuitive Surgical Inc. (ISRG) $356.83 6.76%

S&P 500 - Fallers

Coterra Energy Inc. (CTRA) $32.56 -8.62%

CH Robinson Worldwide Inc (CHRW) $174.46 -8.50%

Advanced Micro Devices Inc. (AMD) $494.95 -8.48%

Intel Corp. (INTC) $91.67 -8.26%

Lam Research Corp. (LRCX) $291.61 -8.21%

Seagate Technology Plc (STX) $816.99 -7.18%

Western Digital Corp. (WDC) $497.92 -7.07%

KLA-Tencor Corp. (KLAC) $203.36 -6.79%

Applied Materials Inc. (AMAT) $516.89 -6.72%

Ipg Photonics Corp. (IPGP) $89.70 -6.52%

Nasdaq 100 - Risers

Charter Communications Inc. (CHTR) $131.61 12.76%

Workday, Inc. (WDAY) $147.54 11.92%

Adobe Systems Inc. (ADBE) $237.75 8.83%

American Airlines Group (AAL) $14.95 7.98%

Autodesk Inc. (ADSK) $225.91 7.59%

Expedia Group Inc. (EXPE) $278.37 7.40%

Cognizant Technology Solutions Corp. (CTSH) $47.05 7.33%

Intuitive Surgical Inc. (ISRG) $356.83 6.76%

Dollar Tree Inc (DLTR) $125.54 6.45%

Verisk Analytics Inc. (VRSK) $206.66 6.22%

Nasdaq 100 - Fallers

Qvc Group Inc Series A (QVCGA) $0.34 -13.49%

Intel Corp. (INTC) $91.67 -8.26%

Lam Research Corp. (LRCX) $291.61 -8.21%

Asml Holdings N.V. (ASML) $1,655.26 -7.41%

Seagate Technology Plc (STX) $816.99 -7.18%

Western Digital Corp. (WDC) $497.92 -7.07%

KLA-Tencor Corp. (KLAC) $203.36 -6.79%

Applied Materials Inc. (AMAT) $516.89 -6.72%

Micron Technology Inc. (MU) $900.20 -5.78%

Nvidia Corp. (NVDA) $196.51 -5.35%