Dow rises over 150 points | Robinhood’s debut on the Nasdaq | Amazon quarterly earnings out

Wall Street strategists and investors had pegged this week — chock-full of earnings, a Fed decision and economic data — as a potential game changer for the markets.

VIEW IN BROWSER | SUBSCRIBE THU, JUL 29, 2021 EVENING BRIEF AS OF THU, JUL 29, 2021 • 05:01 ET DJIA 35084.53 +0.44% +153.60 S&P 500 4419.15 +0.42% +18.51 NASDAQ 14778.26 +0.11% +15.68   Most Active DOW NAME LAST CHG %CHG AAPL 145.64 +0.66 +0.46% MSFT 286.50 +0.28 +0.10% INTC 53.70 +0.63 +1.19% S&P 500 NAME LAST CHG %CHG AMD 102.95 +5.02 +5.13% F 14.39 +0.53 +3.82% AAPL 145.64 +0.66 +0.46% NASDAQ NAME LAST CHG %CHG AMD 102.95 +5.02 +5.13% AAPL 145.64 +0.66 +0.46% FB 358.32 -14.96 -4.01%   EDITOR'S NOTE Wall Street strategists and investors had pegged this week — chock-full of earnings, a Fed decision and economic data — as a potential game changer for the markets, but with just one day left, stocks appear to be chugging along on their same path.    Earnings reports have been strong, but the individual reactions have been choppy, including a slide for Facebook on Thursday.   The S&P 500 and Dow Jones Industrial Average hit record intraday highs on Thursday. The Big Tech-reliant Invesco QQQ Trust gained as well, but it's still recovering from a decline on Tuesday and is down nearly 0.5% for the week.   "The market response has been good, but maybe disappointing to some, and I think that's just a testament to levels of valuation," said Leo Grohowski, chief investment officer of BNY Mellon Wealth Management.  Meanwhile, the Federal Reserve meeting yielded no major surprises, and Robinhood's soft initial public offering showed no signs of an over-exuberant retail investor base. The trading app closed down nearly 8.4%.   With the bulk of the earnings season in the rear-view mirror, investors will likely be eyeing the central bank's August meeting in Jackson Hole, Wyo., as the next potential shock.    The S&P 500 closed on Thursday up 0.4% at 4,419.15. The Dow rose 153.60 points to close at 35,084.53, while the Nasdaq added 0.1% to finish at 14,778.26.    Jesse Pound | CNBC Markets Reporter @jesserpound TOP NEWS  Dow climbs 150 points to touch an intraday record as investors look past weak economic data Robinhood falls in its public market debut, closes more than 8% lower at $34.82 per share Amazon posts third $100 billion quarter in a row, but still misses expectations Pinterest plunges after missing on user growth expectations Pending home sales drop in June — more evidence of a housing turnaround Biden requiring federal workers to prove Covid vaccine status or submit to strict safety rules, White House says U.S. GDP rose 6.5% last quarter, well below expectations This is how Amazon typically trades after issuing quarterly earnings Grand jury indicts Trevor Milton, founder of electric carmaker Nikola, on three counts of fraud Scarlett Johansson sues Disney over 'Black Widow' streaming release   TOP VIDEO Early Robinhood investor: We're just happy to be along for the ride   CNBC PRO Cramer thinks investors should buy this fintech stock on the dip   SPECIAL REPORTS IRS expands employer tax credit for Covid vaccine paid time off to include workers' families Child-care centers struggle to staff up, fanning fears workers have left the industry for good   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS