U.S. Stock Markets Rebound, Nasdaq Surges on Tech Earnings; Long-Term Treasury Yields Climb

U.S. stock markets rebounded on Thursday, July 30, with the Nasdaq climbing over 1.5% as major technology stocks rallied. This market movement followed the Federal Reserve's decision to hold interest rates steady and significant corporate earnings reports. Microsoft shares surged nearly 9-10% after beating Wall Street's expectations, driven by strong Azure cloud business growth. Conversely, Meta Platforms shares fell 8.8% after missing earnings forecasts and providing weaker-than-expected revenue guidance. Long-term Treasury yields climbed to their highest levels in years, reflecting investor sentiment. Oil prices were down by 60 cents, trading at $83.86.