Public Kempax report

Daily After Market report · 2026-07-28

Kempax Research

Loop report · 2026-07-28

US Daily After-Market Report — July 28, 2026

Publication date: 2026-07-28 covering trading session 2026-07-28

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1. Executive Summary

US equities closed mixed on Tuesday, July 28, 2026, extending the defensive rotation that began Monday. The Dow Jones Industrial Average surged +1.03% to 52,747.32, lifted by blockbuster earnings from Coca-Cola, Boeing, and PayPal, while the Nasdaq Composite slipped -0.22% to 24,876.91 under the weight of an accelerating semiconductor sell-off. The S&P 500 $SPY edged higher to $740.86 +0.24% and the Russell 2000 $IWM added +0.16% to $293.37.

The session was shaped by three dominant forces: 1 a deepening semiconductor rout driven by Nvidia OpenAI "circular financing" fears and Chinese chip-equipment competition; 2 strong earnings from blue-chip industrials and consumer staples lifting the Dow; and 3 positioning ahead of the Federal Reserve's two-day policy meeting, which began Tuesday. The VIX eased -1.77% to 18.34. After-hours tone is neutral with $SPY flat -0.01% and $QQQ modestly positive +0.04% .

Key Catalysts This Week: - Federal Reserve rate decision Wednesday, Jul 29 at 2:00 PM ET — described as "one of the hardest policy decisions in years" - Big Tech earnings: Microsoft $MSFT and Meta $META report Wednesday after close; Apple $AAPL and Amazon $AMZN Thursday - US-Iran ceasefire progress continues to pressure oil prices - Consumer confidence slipped to 90.8 in July — a potential warning for consumer-driven sectors - SK Hynix earnings tonight — closely watched for memory AI demand signals

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2. Major Index Performance

S&P 500 ETF — $SPY

Metric Value --- --- Close Jul 28 $740.86 Daily Change +$1.77 +0.24% Prior Close $739.09 Day Range $735.98 – $742.79 Volume 45,345,834 After-Hours 4:18 PM $740.81 -0.01%

Technical Indicators Tradier-verified, Jul 28 close :

Indicator Value Signal --- --- --- RSI 14 45.69 Neutral, improving from 41.9 SMA 10 $744.37 Price below -0.5% SMA 20 $746.65 Price below -0.8% SMA 50 $744.82 Price below -0.5% ATR 14 $7.19 Moderate Trend Neutral Compression phase; RSI lifting

Performance Review May 1 – Jul 28 :

Metric Value --- --- Total Return +2.80% Annualized Return +12.69% Max Drawdown -4.49% Sharpe Ratio 0.96 Annualized Volatility 13.21%

Analysis: $SPY held the $739.89 support zone 4-touch level , bouncing from an intraday low of $735.98 to close at $740.86. The SMA cluster at $744–$747 remains overhead resistance. The RSI improvement from 41.9 to 45.69 is constructive but MACD remains negative. The index is coiling in a tight range — awaiting the Fed catalyst for directional resolution.

Evidence: Kempax render quote chart Tradier , SPY daily, May 1 – Jul 28, 2026, 60 candles. Kempax review market performance Tradier , SPY, May 1 – Jul 28, 2026. ^tech

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Nasdaq-100 ETF — $QQQ

Metric Value --- --- Close Jul 28 $675.49 Daily Change -$6.63 -0.97% Prior Close $682.12 Day Range $667.88 – $679.40 Volume 49,721,259 After-Hours 4:17 PM $675.75 +0.04% 52-Week Range $551.68 – $748.65

Technical Indicators Tradier-verified, Jul 28 close :

Indicator Value Signal --- --- --- RSI 14 33.24 Approaching oversold, bearish SMA 10 $696.32 Price well below -3.0% SMA 20 $708.06 Price well below -4.6% SMA 50 $716.75 Price well below -5.8% ATR 14 $13.24 Elevated Trend Bearish Accelerating; new lower low at $667.88

Analysis: $QQQ made a new lower low at $667.88, breaking below Monday's $675.95 low and confirming an accelerating downtrend. The close at $675.49 is below the $682.48 prior support level — now resistance — for the second consecutive day. RSI at 33.24 down from 36.7 is approaching oversold territory but no reversal signal is present. Price is below all three SMAs by significant margins. The -0.97% decline compounds Monday's -0.31% loss and extends the peak-to-trough drawdown from the Jun 3 high of $748.65. If $667.88 breaks, the next support zone is $650–$660.

Evidence: Kempax render quote chart Tradier , QQQ daily, May 1 – Jul 28, 2026, 60 candles. ^tech

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Russell 2000 ETF — $IWM

Metric Value --- --- Close Jul 28 $293.37 Daily Change +$0.46 +0.16% Prior Close $292.91 Day Range $290.38 – $293.77 Volume 20,182,774

Technical Indicators Tradier-verified, Jul 28 close :

Indicator Value Signal --- --- --- RSI 14 49.78 Neutral, improving from 44.0 SMA 10 $293.76 Price near -0.1% SMA 20 $295.24 Price below -0.6% SMA 50 $291.56 Price above +0.6% ATR 14 $3.73 Low Trend Neutral Consolidating; constructive bounce from $290 support

Analysis: $IWM consolidated in a tight range, bouncing from the $290.38 intraday low to close at $293.37. RSI improvement to 49.78 from 44.0 suggests building momentum. Price is holding above the SMA50 $291.56 and is near the SMA10 $293.76 . The bounce from support is constructive for small caps. Volatility remains compressed.

Evidence: Kempax render quote chart Tradier , IWM daily, May 1 – Jul 28, 2026, 60 candles. ^tech

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Dow Jones ETF — $DIA

Metric Value --- --- Close Jul 28 $526.89 Daily Change +$5.63 +1.08% Prior Close $521.26 Day Range $523.67 – $528.47 Volume 4,746,354

Technical Indicators Tradier-verified, Jul 28 close :

Indicator Value Signal --- --- --- RSI 14 56.19 Bullish, improved from 39.2 SMA 10 $521.55 Price above +1.0% SMA 20 $523.43 Price above +0.7% SMA 50 $515.54 Price well above +2.2% ATR 14 $5.12 Low Trend Neutral-to-Bullish Strongest index; broke above SMA10 and SMA20

Analysis: $DIA was the standout performer, surging +1.08% on strong blue-chip earnings. The index broke above both SMA10 $521.55 and SMA20 $523.43 — the only major index above all short-term moving averages except one. RSI jumped from 39.2 to 56.19, crossing into bullish territory. The $526.18 resistance 5-touch level was broken intraday. Price remains well above SMA50 at $515.54. This is the strongest relative chart among the four major index ETFs.

Evidence: Kempax render quote chart Tradier , DIA daily, May 1 – Jul 28, 2026, 60 candles. ^tech

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Index Performance Summary

Index ETF Close Daily Change RSI vs SMA50 Trend Notes --- --- --- --- --- --- --- --- S&P 500 $SPY $740.86 +0.24% 45.7 Below -0.5% Neutral Compression; held support Nasdaq-100 $QQQ $675.49 -0.97% 33.2 Well below -5.8% Bearish New lower low; accelerating Russell 2000 $IWM $293.37 +0.16% 49.8 Above +0.6% Neutral Constructive bounce Dow Jones $DIA $526.89 +1.08% 56.2 Well above +2.2% Neutral-Bullish Best chart; RSI bullish

Day-over-Day Comparison Jul 27 → Jul 28

Index Jul 27 Close Jul 28 Close Change Signal --- --- --- --- --- $SPY $739.09 $740.86 +0.24% Held $739.89 support; modest recovery $QQQ $682.12 $675.49 -0.97% New lower low — breakdown extended $IWM $292.91 $293.37 +0.16% Sideways consolidation; improving RSI $DIA $521.26 $526.89 +1.08% Surge on earnings; broke SMA10 SMA20

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3. Sector Performance

Sector ETF Performance Jul 28 Regular Session

Sector Ticker Price Change Signal --- --- --- --- --- Consumer Staples $XLP $85.36 +1.46% Best sector — defensive rotation Consumer Discretionary $XLY $110.84 +1.31% Lifted by earnings Communication Services $XLC $107.66 +1.28% Broad strength Financials $XLF $56.88 +1.01% Rotation beneficiary Health Care $XLV $163.40 +0.51% Defensive bid Industrials $XLI $183.20 +0.30% Boeing earnings boost Materials $XLB $51.39 +0.25% Flat Real Estate $XLRE $45.76 -0.41% Rate sensitivity Technology $XLK $174.30 -0.90% 2nd consecutive decline Utilities $XLU $45.68 -1.32% Weak Energy $XLE $58.36 -2.11% Worst sector — oil retreat

Evidence: StockBase sector ETF data Select Sector SPDRs , Jul 28, 2026 ^sectors

Sector Summary: Seven sectors advanced, four declined. The clear leaderboard — Consumer Staples +1.46% , Consumer Discretionary +1.31% , Communication Services +1.28% — confirms a defensive consumer tilt. Technology -0.90% and Energy -2.11% remain the two weakest sectors for the second consecutive day. This sector pattern validates the ongoing rotation from growth energy into defensive and consumer-oriented names.

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4. Notable Movers

Index ETFs

Ticker Close Change % Change Volume --- --- --- --- --- $SPY $740.86 +$1.77 +0.24% 45.3M $QQQ $675.49 -$6.63 -0.97% 49.7M $DIA $526.89 +$5.63 +1.08% 4.7M $IWM $293.37 +$0.46 +0.16% 20.2M

Regular Session Gainers

Ticker Company Change Note --- --- --- --- $ITRI Itron +26.23% Earnings blowout $LCID Lucid Group +21.54% EV momentum $JBLU JetBlue +10.50% Airline sector rally $KO Coca-Cola Strong gain Best day since 2009; earnings beat $BA Boeing Strong gain Earnings beat; lifted DJIA $PYPL PayPal Strong gain Earnings beat $NVDA Nvidia +0.25% to $197.01 Stabilized after Monday's -5% rout

Regular Session Losers

Ticker Company Change Note --- --- --- --- $AMKR Amkor Technology -24.74% Semiconductor wreckage $CVLT Commvault Systems -19.70% Earnings miss $SANM Sanmina -17.46% Chip supply chain $SNDK Sandisk -14.25% 2nd day of heavy selling $GLW Corning -12.05% Chip tech supply chain $INTC Intel -5.86% 2nd day of heavy selling -13% cumul. in 2 days

Most Active by Volume $INTC, $NVDA, $NOK, $JBLU, $AAL

Evidence: Yahoo Finance live markets, Jul 28, 2026 ^yahoo ; StockAnalysis.com ETF pages ^stockanalysis

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5. Market Structure & Technical Assessment

Divergence Deepens The spread between the Dow +1.03% index $DIA +1.08% and Nasdaq -0.22% $QQQ -0.97% widened further, confirming the defensive rotation from growth technology into value blue-chip names. The Dow is the clear outperformer, driven by consumer staples and industrial earnings beats.

QQQ Breakdown Accelerating - $QQQ made a new lower low at $667.88 , breaking below Monday's $675.95 low - Close at $675.49 is below the $682.48 support for the second consecutive day - RSI at 33.24 is approaching oversold — but no reversal signal yet - Next support: $667.88 today's low , then the $650–$660 zone - All three SMAs $696–$717 are overhead resistance — a 3.0–5.8% climb needed to reclaim them

SPY Holding the Line - Held the $739.89 multi-touch support zone, bouncing from $735.98 intraday - RSI improvement 41.9 → 45.69 is constructive - The SMA cluster at $744–$747 is formidable overhead resistance - Compression continues — awaiting Fed catalyst

DIA Breakout - RSI crossed bullish at 56.19 +17 points from 39.2 - Broke above SMA10 $521.55 and SMA20 $523.43 - The $526.18 resistance was overcome intraday - Only major index with a positive near-term trajectory across all technical signals

Volatility Easing - VIX declined -1.77% to 18.34 — despite Nasdaq weakness, broad market fear is not spiking - This supports the rotation thesis: capital is redistributing, not panicking

Evidence: Kempax render quote chart Tradier , all four ETFs, May 1 – Jul 28, 2026, 60 candles each. Kempax run market data qa Tradier , SPY, data fresh 20.4 hours old , liquidity $34.3B avg daily. ^tech

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6. Signal Summary

Bullish Signals - $DIA RSI at 56.19 — the only major index with bullish momentum; broke SMA10 and SMA20 - $SPY held $739.89 support and RSI improved from 41.9 → 45.69 - $IWM RSI improving to 49.78 and holding above SMA50 - Consumer Staples $XLP +1.46% and Financials $XLF +1.01% leading — orderly rotation - $NVDA stabilized at $197.01 +0.25% after Monday's -5% rout - VIX declining -1.77% — market not panicking - Oil decline is disinflationary — supports Fed pause narrative - $KO best day since 2009 — consumer staples strength

Bearish Signals - $QQQ new lower low at $667.88 — trend is accelerating, not stabilizing - $QQQ RSI at 33.24, approaching oversold — but no bottom formation - Semiconductor wreckage deepening: $AMKR -24.74%, $SNDK -14.25%, $INTC cumulative -13% in 2 days - Technology $XLK -0.90% worst performing sector for 2nd consecutive day - All four ETFs remain below SMA20 except $DIA now above — short-term trend negative for 3 of 4 - Energy $XLE -2.11% continues to slide on oil decline - Consumer confidence slipped to 90.8 in July — potential consumer spending headwind - Nvidia OpenAI "circular financing" narrative is a new negative catalyst for AI tech

Neutral Mixed Signals - $SPY coiling in tight range — awaiting Fed binary event - $IWM consolidating sideways — directionless - Sector rotation is orderly not chaotic — suggests redistribution, not panic - Fed decision Wednesday is the pivotal binary: dovish hold → relief rally; hawkish surprise → breakdown

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7. Risk Assessment

Risk Severity Detail --- --- --- $QQQ breakdown acceleration 🔴 High New lower low at $667.88. Trendline steepening. RSI approaching oversold. No bottom formation. SK Hynix earnings tonight could trigger further semis weakness. Fed hawkish surprise 🔴 High Rate decision Wednesday. Described as "one of the hardest calls in years." A hike or hawkish dot plot could accelerate tech drawdown and break $SPY below $732 support. Semiconductor contagion 🔴 High $AMKR -24.74%, $SNDK -14.25%, $INTC cumulative -13% in 2 days. Nvidia circular financing + China competition narratives. Could spread to broader tech via capex sentiment. Big Tech earnings MSFT META Wed, AAPL AMZN Thu 🟡 Medium Disappointing cloud AI capex guidance deepens Nasdaq sell-off. Conversely, strong results could reverse the tech decline. High event risk. Iran ceasefire fragility 🟡 Medium Ceasefire is a "pause," not a peace deal. Any breakdown reverses the oil decline and risk-off rotation. Consumer confidence decline 🟡 Medium 90.8 reading with softening labor perceptions signals potential consumer weakening — negative for $XLY retail. Oil price volatility 🟡 Medium Energy -2.11% today. Cumulative 11% from peak. Further declines pressure energy equities but are disinflationary overall.

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8. Market Regime & Recommendation

Market Regime: Corrective Rotation — Compression Phase with Pivotal Fed Catalyst Ahead

Three themes are driving the market:

Defensive rotation is strengthening. The Dow's +1.08% surge on blue-chip earnings $KO best day since 2009, $BA, $PYPL versus $QQQ's -0.97% decline confirms capital is rotating into quality and defensives. Consumer Staples +1.46% leading all sectors, followed by Financials +1.01% , reinforces this narrative. This is a capital redistribution, not a market panic — evidenced by the VIX declining -1.77% to 18.34.

Semiconductor correction has its own momentum — and it's accelerating. $AMKR -24.74%, $CVLT -19.70%, $SANM -17.46%, $SNDK -14.25%, $INTC -5.86% cumulative -13% in two sessions — the chip sector is in freefall. Two new bearish narratives are compounding: Nvidia's "circular financing" concerns $250B OpenAI funding backstop and Chinese chip-equipment competition. $NVDA stabilizing at $197 +0.25% is the lone green shoot. SK Hynix earnings tonight are the next catalyst — memory demand guidance will set the tone for Wednesday's semiconductor trading.

Everything hinges on the Federal Reserve. The two-day FOMC meeting began today with a decision due Wednesday at 2:00 PM ET. With consumer confidence slipping 90.8 , oil collapsing disinflationary , and technology under severe pressure — a dovish hold could spark a powerful relief rally led by the oversold Nasdaq. A hawkish surprise would be catastrophic for the already-weakening $QQQ. This is the most consequential Fed decision of the quarter.

Recommendation: CAUTIOUS DEFENSIVE — AWAIT FED RESOLUTION

Reduce semiconductor technology exposure until a bottom forms. $AMKR -24.74% in a single session and $QQQ below $682 for two consecutive days with a new lower low warrant a defensive posture in tech.

Maintain or add $DIA $XLP $XLV overweight. The rotation into blue chips, consumer staples, and healthcare is the strongest and most confirmed trend in the market. $DIA is the only index with a bullish RSI 56.19 .

Defer major positioning until after the Fed decision Wednesday 2:00 PM ET . The FOMC outcome is a binary event that will determine market direction for the next several weeks. No conviction bets ahead of the decision.

Monitor SK Hynix earnings tonight 8 PM ET . Memory chip demand guidance will set the tone for semiconductor trading Wednesday and could either accelerate or arrest the chip sell-off.

Watch $SPY $732–$740 support zone closely. A break below $732.86 3-touch support would shift the broad market outlook to bearish regardless of Dow strength. $SPY held $739.89 today — constructive but fragile.

Energy exposure review warranted. $XLE -2.11% today with cumulative decline on oil ceasefire progress. If the Iran deal advances, energy could have further downside. Any ceasefire breakdown, however, would spike oil — presenting asymmetric risk.

Big Tech earnings MSFT META Wed after close; AAPL AMZN Thu are the next catalyst after the Fed. Capital expenditure guidance and AI monetization metrics are the key watchpoints that will determine whether the tech sell-off extends or reverses.

⚠️ All recommendations require human portfolio manager review and approval before any investment action. No external messaging or direct trading actions were taken.

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9. News & Catalysts

Today's Key Developments

Fed Two-Day Meeting Began: The FOMC commenced its July policy meeting. Rate decision due Wednesday at 2:00 PM ET. Described as "one of the hardest policy decisions for the market to call in years." Oil price collapse disinflationary strengthens the pause case, but a hike is "not off the table."

2. Semiconductor Rout Continues: Two compounding narratives: - Nvidia reportedly "exploring a $250 billion funding backstop for OpenAI," raising "circular financing" fears — Nvidia invests in OpenAI, which buys Nvidia chips - Chinese state-backed company began mass-producing chipmaking equipment, "narrowing the AI gap" - $AMKR -24.74%, $SNDK -14.25%, $INTC cumulative -13% in two days

3. Earnings Season Highlights: - Coca-Cola $KO : Best day since 2009 on earnings beat - Boeing $BA : Gained on earnings beat — lifted DJIA materially - PayPal $PYPL : Strong earnings - Itron $ITRI : +26.23% on earnings blowout - Commvault $CVLT : -19.70% on earnings miss - Amkor $AMKR : -24.74% — semiconductor + earnings double-hit

US-Iran Ceasefire Update: Oil prices continued to retreat as the US and Iran "halted active fighting." President Trump stated diplomatic talks were underway. Energy sector worst performer -2.11% .

Consumer Confidence Drops: Conference Board consumer confidence index slipped to 90.8 in July, with softening labor market perceptions. A potential warning sign for consumer-driven sectors.

$NVDA Stabilizes: After Monday's -5% drop to $196.51, Nvidia edged +0.25% to $197.01 — suggesting selling pressure may be pausing at current levels.

Tomorrow's Key Events Jul 29 - Fed rate decision 2:00 PM ET — pivotal event of the week - Fed Chair press conference 2:30 PM ET - Microsoft $MSFT earnings after close - Meta Platforms $META earnings after close - SK Hynix earnings tonight 8 PM ET — AI memory demand signal

This Week's Remaining Catalysts - Thu, Jul 30: Apple $AAPL , Amazon $AMZN earnings - US-Iran diplomatic developments ongoing - PCE inflation data potentially Friday

Evidence: Kempax search web CloakBrowser via DuckDuckGo — two rounds, 16 results captured 2026-07-28. ^websearch Yahoo Finance live markets ^yahoo ; Reuters ^reuters ; Investopedia ^investopedia

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10. Data Quality & Freshness

Check Detail Status --- --- --- SPY data freshness Latest candle 2026-07-28; age 20.4 hours ✅ Fresh SPY liquidity Avg daily dollar volume $34.3B; avg volume 45.9M shares ✅ Passes Missing bars 13 weekend holiday gaps detected expected for daily interval ✅ Expected Bad spikes None detected ✅ Clean Duplicate bars None detected ✅ Clean Adjusted close Not available in this data feed ⚪ N A

Evidence: Kempax run market data qa Tradier , SPY daily, May 1 – Jul 28, 2026. ^tech

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11. Data Gaps & Limitations

Gap Detail Status --- --- --- $QQQ $IWM $DIA performance review Only $SPY was reviewed via review market performance 🟡 Partial $DJI $RUT direct index data Only ETF proxies $DIA, $IWM available 🟡 Proxy only $SPX $NDX index-level data Not retrieved; using ETF proxies $SPY, $QQQ 🟡 Proxy only Sector ETF data Web-sourced StockBase ; not independently verified 🟡 Web-sourced Individual stock prices Web-sourced Yahoo Finance ; not independently verified 🟡 Unverified VIX Web-sourced 18.34 ; not independently verified 🟡 Unverified After-hours individual movers StockAnalysis.com returned 404 for after-hours page 🔴 Unavailable Advance decline breadth Not available via current toolset 🟡 Unavailable Market structure support resistance levels Carried forward from prior Tradier-verified session Jul 27 🟡 Stale 1 session

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Disclaimer: This market analysis is informational only and is not financial advice. Tradier-verified technical data for SPY, QQQ, IWM, and DIA is marked in the technical evidence section. Sector data, individual stock prices, and VIX are sourced from public financial websites and carry unverified status. Requires human approval before any investment decision. No external messaging or direct trading actions were taken.

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Status: Research complete — canonical publication issued Owner: Research lead pending assignment upon review Coverage tags: daily-report after-market us-equities technical-analysis sector-rotation fed-watch earnings-season semiconductor-correction iran-ceasefire defensive-rotation Next step: Transfer to portfolio managers for review and approval. Monitor SK Hynix earnings tonight for semiconductor sector direction. Fed decision Wednesday 2:00 PM ET is the pivotal event — market likely rangebound until then.

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Report details

Loop: Daily After Market report loop-bd10496e-1ccb-49a8-bef4-e0db49293bab
Run: looprun-aa341989-d17b-4b24-b0c9-2db41c105144
Session: loopsession-0b55a5bd-f454-4711-9da4-c6985b7b1df7 write report
Research basis: Prior research session loopsession-c8ec53da-f81b-4fd8-b041-320805f8c2ad sector, news, and mover data ; current session Kempax Tradier-verified technical data for SPY, QQQ, IWM, and DIA render quote chart, review market performance, run market data qa
Web research: Kempax search web CloakBrowser via DuckDuckGo , two rounds, 16 results captured 2026-07-28
Generated: 2026-07-28T20:25 UTC

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Evidence References

^tech : Kempax Tradier-verified tools current session, loopsession-0b55a5bd : - render quote chart — SPY, QQQ, IWM, DIA daily charts with SMA10 20 50, RSI 14 , ATR 14 . 60 candles each, May 1 – Jul 28, 2026. Source: Tradier get historical quotes. Charts rendered to .kempax harness aiinv-b2bb4d6e-06e9-4497-92d3-46933b0f2b29 tool-attachments . - review market performance — SPY total return +2.80%, ann. +12.69%, max DD -4.49%, Sharpe 0.96, ann. vol 13.21%. May 1 – Jul 28, 2026. - run market data qa — SPY 60 candles, fresh 20.4h , liquidity $34.3B avg daily, 13 expected weekend gaps, no bad spikes or duplicates.

^sectors : StockBase — "Market Data: Sectors" Select Sector SPDR ETFs, Jul 28, 2026 . Retrieved via prior research session loopsession-c8ec53da. XLP $85.36 +1.46% , XLY $110.84 +1.31% , XLC $107.66 +1.28% , XLF $56.88 +1.01% , XLV $163.40 +0.51% , XLI $183.20 +0.30% , XLB $51.39 +0.25% , XLRE $45.76 -0.41% , XLK $174.30 -0.90% , XLU $45.68 -1.32% , XLE $58.36 -2.11% .

^yahoo : Yahoo Finance — "Stock Market Today, Tuesday July 28: Dow, S&P 500, Nasdaq, Chip Stocks" Jul 28, 2026 . Index closes, notable stock movers, commodities, Fed meeting context, consumer confidence. Retrieved via prior research session loopsession-c8ec53da.

^stockanalysis : StockAnalysis.com — ETF pages: etf spy SPY $740.86, AH $740.81, volume 45.3M , etf qqq QQQ $675.49, AH $675.75, volume 49.7M . Retrieved via prior research session loopsession-c8ec53da.

^websearch : Kempax search web CloakBrowser via DuckDuckGo — Two rounds: a "US stock market today July 28 2026 SPY QQQ DIA close index performance sector movers earnings" — 8 results; b "stock market news July 28 2026 S&P 500 Nasdaq Dow semiconductor Nvidia earnings Fed" — 8 results. All 16 results captured 2026-07-28T20:22–20:24 UTC. Results include Yahoo Finance, TheStreet, Reuters, Investopedia, Barron's, etf.com.

^reuters : Reuters — "Nasdaq futures drop on AI chip worries ahead of pivotal earnings" Jul 28, 2026 . Retrieved via CloakBrowser search.

^investopedia : Investopedia — "5 Things to Know Before the Stock Market Opens on Tuesday, July 28, 2026." Retrieved via CloakBrowser search.