U.S. stocks continue to pump, with tech earnings still the market focus.

Jin10 data reported on July 24, the US stock market continued its record rise on Thursday, despite TSL releasing a pessimistic outlook, investors were still buoyed by Alphabet’s better-than-expected earnings report. The focus of investors remains on earnings performance. “Tech earnings continue to show that the zone remains the rise engine, as it gathers the most resilient growth momentum,” said Sameer Samana, head of global equity and real assets at Wells Fargo Investment Institute. The market is also closely watching the spread of the “meme stock” craze to more highly speculative stocks, indicating a warming risk appetite among retail investors. AJ Bell analyst Russ Mould pointed out: “It has only been four years since the big pump of GameStop. The last meme stock frenzy did not last long and, to some extent, foreshadowed the violent adjustment of risk assets from 2021 to 2022, so it is worth noting who will fall first this time.”