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Big Tech Earnings and Fed Rate Decision Put Stock Rally to the Test
Plus, America’s big cities are rapidly losing kids, and Trump puts off a major escalation of his military campaign against Iran
July 27, 2026 6:10 am ET
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1. FROM MY DESK
Predictions of an AI-driven hiring wipeout have yet to materialize. Companies across tech, transportation and defense are hiring again, offering a bright spot as investors brace for a big week.
This year’s stock rally has already withstood inflation, war and eye-watering AI budgets, but investors may be reaching their limit. The S&P 500 and Nasdaq composite both fell last week for the second time in a row, weighed down by familiar threats.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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