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S&P 500 ends higher as investors await tech earnings | Reuters

SUMMARY
Declines in chip stocks offset by staples, healthcareAmazon, Meta, Apple and Microsoft to report later this weekCoca-Cola, Boeing gain after quarterly resultsS&P 500 +0.21%, Nasdaq -0.22%, Dow +1.03%

July 28 (Reuters) - The S&P 500 ended higher on Tuesday as gains in Boeing and ​Coca-Cola helped offset tumbling chip stocks ahead of quarterly reports from Apple and other tech companies this week.

Global ‌markets have been volatile this month as investors worry that Alphabet, Microsoft, Amazon and other technology heavyweights may be overspending on AI data centers as they race to dominate the emerging technology.

Microsoft (MSFT.O), opens new tab rose 1.1% ahead of its report on Wednesday, while Amazon (AMZN.O), opens new tab dipped 0.2% ahead of its results on Thursday.

Apple (AAPL.O), opens new tab climbed almost ​1% to $340.08. It hit a session high of $342.89, briefly lifting its stock market value to $5 trillion for the first time. ​The iPhone maker reports its results on Thursday.

Chipmakers that have benefited from heavy AI spending added to ⁠recent losses, with the PHLX index (.SOX), opens new tab losing 4.5%. It has fallen about 25% from its record-high close on June 22, and it ​remains up 56% in 2026.

The S&P 500 healthcare (.SPXHC), opens new tab index jumped 2.4%, the consumer staples (.SPLRCS), opens new tab index added 2% and the materials index (.SPLRCM), opens new tab rose ​1.7%, while declining chipmakers kept the tech index (.SPLRCT), opens new tab down 1.4%.

https://www.reuters.com/business/nasdaq-futures-drop-ai-chip-worries-ahead-pivotal-earnings-2026-07-28/

S&P 500 ends higher as investors await tech earnings
https://www.straitstimes.com/business/sp-500-ends-higher-as-investors-await-tech-earnings