Stock Market Today – 7/29: Stocks Higher On Apple, Amazon Boost, Fading Fed Rate Bets

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The Street

By Martin Baccardax A pair of better-than-expected big tech earnings, as well as fading bets on big Fed rate hike, has stocks heading towards their best monthly gains in nearly two years. U.S. equity futures extended gains Friday, pushing stocks towards one of their best monthly gains in two years, as a pair of better-than-expected big tech earnings, as well as fading bets on big Fed rate hikes, added to improving investor sentiment. Investors are paring bets on another jumbo Fed rate hike in September, with the CME Group’s FedWatch suggesting a near 80% chance of a 50 basis point increase, fo…

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