Dow Jones Top Markets Headlines at 7 AM ET: Oil Gains, Chip Stocks Extend Losses Ahead of Fed Decision Day | Irish ...

Oil Gains, Chip Stocks Extend Losses Ahead of Fed Decision Day

U.S. stock futures largely moved higher, though Sandisk and Micron Technology fell premarket as investor enthusiasm around semiconductor companies continued to wane.

----

Irish Economy Returns to Growth, Boosting Eurozone Hopes

Ireland's GDP was 3.9% higher than in the first quarter of the year, recovering some ground after its economy contracted.

----

What to Watch for at the Fed Meeting

Markets expect rates to stay on hold, but Fed Chairman Kevin Warsh's tight-lipped posture has made Wednesday's meeting harder to read.

----

Oil Surges as Fresh Middle East Strikes Threaten Fragile Diplomacy

Oil prices climbed more than 3% as a fresh round of fighting across the Middle East undermined diplomatic efforts to end a five-month-old conflict that has roiled energy markets.

----

How China Went From Dream Customer to a Nightmare for Big Oil

The country's need for crude is much more flexible than the market thought.

----

Iran Launches Surprise Missile Attack on U.S. Forces

The strikes came before the U.S. military confirmed joint attacks with Saudi forces on Iran-backed groups in Iraq.

----

A Tired Tech Trade Looks Set to Sink the Stock Market

The stock market is doubting everything it once held true, and it has the potential to end the years of easy returns.

----

ECB Tracker Detects No Pickup in Eurozone Wage Pressures

Eurozone wage growth is set to slow this year despite a pickup in inflation that accompanied the conflict in the Middle East.

----

Value Outperforms Growth This Year, Powered by…AI Stocks?

Early chip stock gains and a comeback in traditional value sectors are factors in Russell 1000 Value Index's outperformance over its growth counterpart.

----

BOE Seen on Hold Through 2027 Despite Inflation Spike

The Bank of England is unlikely to raise its key interest rate this year or next, despite a sharp pickup in inflation over the second half of 2026, the National Institute of Economic and Social Research said.

----

Trump Administration to End Medicare Drug Plan Subsidy

Program that held down premiums won't be renewed for 2027, resulting in higher costs for some seniors.

----

Australia Inflation Cooled in Second Quarter

Australian consumer prices rose by less than expected in the second quarter, easing pressure on the Reserve Bank of Australia to deliver what would be its fourth rate increase this year at a policy meeting next month.

----

Home Prices Show No Sign of Retreating-but Not Everywhere

Home prices in May nationally rose 1.1% year-over-year, compared with 0.8% in April, according to S&P Cotality Case-Shiller.

----

The U.S. will import Mexican cattle again. Here's what that means for high beef prices.

The U.S. Agriculture Department will allow cattle imports from Mexico to resume beginning in late August, despite the threat of the New World screwworm.

----

The Fed isn't your biggest worry. The central-bank decision that actually impacts your 401(k) lands in Tokyo.

Japan is edging toward the exit on buying America's debt. Here is why this matters to your retirement plans.

(END) Dow Jones Newswires

July 29, 2026 07:15 ET (11:15 GMT)