From a Fed decision to Big Tech earnings: What drove last week's volatile market
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Source: CNBC
Published: 2026-08-01 22:16 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Technology & AI, Economy & Finance, Financial Markets, Business & Economy, Technology
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Snippet:
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while the tech-heavy Nasdaq climbed 1.6%.
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