LIVE BLOG28 Jul 2026 | 06:57:58 PM ISTThe Federal Reserve is due to announce its interest-rate decision on Wednesday.SynopsisDow Jones Today | US Stock Market Live: Nasdaq futures fell Tuesday as concerns over heavy AI spending and growing Chinese competition weighed on chip stocks ahead of earnings from some of Wall Street’s biggest companies.Dow Jones Today | Nasdaq | S&P 500 Live Updates: AI heavyweights Amazon, Meta, Apple and Microsoft report earnings later this week, with investors looking for evidence that their hundreds of billions of dollars in AI spending are generating returns. The results may also offer clues about demand for chips and other AI infrastructure. Show more Show less1 New UpdateDow Jones| Nasdaq | US Stock Market Today | Live: Meta, BlackRock partner on $14 billion El Paso data center ventureMeta and BlackRock announced a venture to develop and operate a $14 billion data center campus in El Paso, Texas.BlackRock-managed funds will own 80% of the venture, while Meta will retain a 20% stake.About $12.5 billion of BlackRock’s investment will be financed through debt.Meta will receive a $1 billion distribution to align the venture’s ownership structure.Dow Jones| Nasdaq | US Stock Market Today | Live: US single-family home prices increase in May, FHFA saysUS single-family home prices rose 0.3% in May after falling 0.1% in April, the FHFA said.Prices increased 2.2% year over year, accelerating from April’s 2% gain.A shortage of existing homes, particularly starter properties, continued to support prices.The 30-year fixed mortgage rate reached an 11-month high of 6.58%, worsening affordability for younger buyers.Dow Jones| Nasdaq | US Stock Market Today | Live: Oil drops to one-week low as US-Iran talks boost ceasefire hopesOil prices offered some relief, falling 1.8% to a one-week low ​as a fragile US-Iran ceasefire appeared to hold despite reports of drone attacks in Saudi Arabia, Jordan and Iraq. President Donald Trump said the U.S. was having "good talks" with Iran and that a deal to end the conflict was possible.Dow Jones| Nasdaq | US Stock Market Today | Live: Nvidia, Micron lead chip selloff as AI spending worries mounthip bellwethers such as Nvidia fell 1%, Micron slid ‌5.5% and Applied ⁠Materials lost ⁠4.3% in premarket trading, while U.S.-listed shares of Taiwan's TSMC and Korea's SK Hynix fell 3.4% and 4.8%, respectively. Global markets have become increasingly volatile this month as investors have ​scrutinized the need for more corporate spending on AI infrastructure such as semiconductors that underpinned strong gains in chip stocks in the previous ​quarter.Dow Jones| Nasdaq | US Stock Market Today | Live: Fed policy decision awaited as traders price in rate hikeThe Federal Reserve is due to announce its interest-rate decision on Wednesday. Traders see a 35.8% chance of a rate hike this week, according to LSEG data, and expect borrowing costs ​to rise by at least ​25 basis points by year-end.Dow Jones| Nasdaq | US Stock Market Today | Live: Roundhill Memory ETF falls 7% as AI trade loses momentumRoundhill's Memory Exchange Traded Fund lost 7.4% on Tuesday and has been trading below its 50-day moving average for the past two weeks, reflecting weak short-term momentum, while the Philadelphia SE Semiconductor Index has fallen over 20% from its all-time high hit in June.Dow Jones| Nasdaq | US Stock Market Today | Live: Nasdaq futures slide over 1% as AI, China concerns weigh ahead of Big Tech earningsNasdaq futures fell more than 1% on Tuesday, reflecting growing investor caution toward AI and semiconductor stocks ahead of a crucial week of Big Tech earnings. Concerns over rising AI spending, intensifying competition from Chinese chipmakers, and the outlook for corporate profitability weighed on sentiment, while Dow E-minis were up 262 points, or 0.5%, and S&P 500 E-minis were down 9.75 points.