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From a Fed decision to Big Tech earnings: What drove last week's volatile market

First publishedAug 1, 12:16 UTC
Last updatedAug 1, 14:33 UTC · 20m ago
11 outletCNBC Top News
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Answer

Wall Street got back to its winning ways last week.

Reported by 1 outlet CNBC Top News. See all sources ↓

Last week the Federal Reserve made a decision about interest rates. At the same time, several big technology companies reported their earnings. These events caused the stock market to move up and down a lot. By the end of the week, Wall Street had recovered and was gaining again.

Why it matters

Changes in Fed policy and big tech results can affect jobs, prices, and investments. Understanding what moves the market helps people make better choices with their money.

In brief
What did the Federal Reserve decide last week?
The Fed kept interest rates steady, signaling caution about inflation.
How did big tech earnings influence the market?
Strong earnings from companies like Apple and Microsoft helped lift stock prices after early volatility.
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    From a Fed decision to Big Tech earnings: What drove last week's volatile market

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