Market update for Wednesday July 29, 2026 Check out the Public app for incredible investing tools and to support the show (LINK) Follow us on Instagram (@TheRundownDaily) for bonus content and instant reactions. In today’s episode, Zaid covers: The Fed&#x27;s biggest decision in years (a rate HIKE is actually on the table) Iran attacks US forces overnight and oil spikes back toward $90 Ford raises its outlook again thanks to America&#x27;s gas guzzler obsession SK Hynix posts a $42 billion quarter... and the stock still drops One AI storage stock pops while another gets punished despite beating earnings Somebody paid almost $1 million for Jensen Huang&#x27;s leather jacket

SK Hynix Drops Despite $42B Profit, Ford Bets Big On Gas Guzzlers

The Rundown

Public.com presents The Rundown, your daily market update in 10 minutes. My name is Zaid Admani and today is Wednesday, July 29th. In today's episode, we'll break down why markets are on edge ahead of the Fed decision. We'll also tell you why Ford stock is surging after their earnings and why SK Hynix is falling despite posting $42 billion in profit.

Then stick around to the end of the show to find out how much someone paid for Jensen Huang's leather jacket at auction. We got a great show for you today. Let's go. Yesterday was a weird one for the markets. Stocks started off Tuesday deep in the red, but did manage to climb out of a hole. The Nasdaq still finished lower by 0.2% after being down over 1.5%, and the S&P squeezed out a 0.2% gain.

The Dow was the star of the show, jumping 1% on Tuesday, but nobody cares about the Dow. So, you know, what stood out to me is that roughly 71% of stocks in the S&P finished higher yesterday, with the healthcare and consumer staple sector being the best performing. So the market rotation continues out of tech and into other sectors of the market. And that brings me to today. The next 48 hours could really set the mood for the markets moving forward. First up, we had the Fed decision on interest rates at 2 p.m. Eastern.

Now, what's shocking here is that traders are pricing in a roughly 1 in 3 chance of a rate hike. That is unusually high odds this close to the meeting. Now, part of the uncertainty is that Fed Chair Kevin Walsh himself has refused to signal his moves in advance.

SK Hynix Drops Despite $42B Profit, Ford Bets Big On Gas Guzzlers

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SK Hynix Drops Despite $42B Profit, Ford Bets Big On Gas Guzzlers

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.