US Markets
US Markets Highlights — Jul 22, 2026 | Aivina
July 22, 2026
US equity markets ended the week higher, led by the S&P 500 and Nasdaq Composite, driven by robust tech sector performance and AI optimism. The April PCE Price Index showed inflation cooling as anticipated, bolstering market hopes for potential rate cuts. However, Federal Reserve officials maintained a cautious, data-dependent stance, while a slight rise in jobless claims hinted at some labor market softening.
Highlights
- S&P 500 posted weekly gains; driven by tech strength; investors digested PCE data.
- Nasdaq Composite outperformed markets; AI sector optimism surged; mega-cap tech led rally.
- Initial jobless claims rose; signaling slight labor market cooling; impacting rate cut narrative.
Macro Overview
Inflation
April PCE showed inflation cooling; core PCE met expectations; reinforcing rate cut hopes.
Interest Rate Outlook
Fed officials remain data-dependent; cautious on rate cuts; September cut probability increased post-PCE.
Risk Sentiment
neutral
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