Morgans AM - Thursday, 30 July 2026

•US equity markets fell sharply as investors digested the latest monetary policy decision from the Federal Reserve, while artificial intelligence (AI)-related semiconductor stocks extended declines – Dow tumbled -1,153-points or -2.19%, marking the 30-stock index’s worst one-day decline since April 2025 when the Trump administration announced tariffs. Caterpillar Inc (down -6.91%) and investment banks Goldman Sachs Group Inc (-5.09%) and JPMorgan Chase & Co (-3.53%) were among the worst performing Dow components overnight. However, Salesforce Inc (up +3.79%) extended its rally into a fourth straight session that has lifted the client relationship management software group +18.7% over that stretch.