S&P 500 Clears 7,400 for the First Time on Earnings Strength
As seen on the 24/7 Wall St. homepage on July 30, 2026.
- S&P 500+1.08%
- Dow Jones Industrial Average+0.57%
- Nasdaq Composite—
Earnings season kept markets broadly bid, with strength in mega-cap tech pushing the index past 7,400 for the first time.
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The S&P 500 opened Thursday up 79 points, or about 1.1%, to 7,395 after closing the prior session at 7,316. That gap carried the index above the 7,400 level for the first time, a milestone driven by broad buying tied to an active earnings season and particular momentum in mega-cap technology names.
The Dow Jones Industrial Average also rose at the open, adding roughly 0.6%, while Nasdaq Composite data was not immediately available. The buying was widespread enough to lift the broader index rather than concentrate gains in a single pocket of the market.
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Traders will be watching whether the index can hold the 7,400 level through the session, given that the chart shows several retreats from intraday highs over recent days, including a drop back to the 7,408 range late last week before the latest advance.