Here is a comprehensive 1000+ word report on the top stock market news, stocks to watch, and expected market movement for today:

Daily Stock Market Report

Top Stock Market News

1. Wipeout on Wall Street Sends Stock Market to Worst Day Since 2022

In a dramatic selloff, major U.S. stock indices suffered their worst day of the year on July 26th. The S&P 500 plunged 2.3%, the Nasdaq sank 3.6%, and the Dow Jones Industrial Average fell over 500 points or 1.2%. This broad market decline was driven by concerns over slowing economic growth and fears that the Federal Reserve's interest rate hikes are failing to tame inflation effectively.

2. Disappointing Tech Earnings Rattle Markets

Big Tech stocks, often viewed as market leaders, were among the biggest losers on July 26th. Alphabet (Google's parent company) tumbled 5% after missing revenue expectations, while Microsoft dropped 3.7% on weaker cloud growth. The tech-heavy Nasdaq bore the brunt of the selloff, reflecting investors' concerns about the sector's ability to maintain its strong earnings momentum.

3. Federal Reserve Maintains Hawkish Stance

In his latest remarks on July 26th, Federal Reserve Chair Jerome Powell reiterated the central bank's commitment to curbing inflation, even at the risk of slower economic growth. This hawkish stance, coupled with mounting recession fears, fueled market volatility and raised concerns about the potential impact of higher interest rates on corporate profits and consumer spending.

Top Stocks to Watch

1. Ford Motor Company (F)

Ford's stock plunged 18.4% on July 26th, making it one of the biggest losers in the S&P 500. The automaker reported mixed earnings results, with lower-than-expected profits due to supply chain disruptions and rising costs. Investors will be closely watching Ford's ability to navigate these challenges and capitalize on the growing demand for electric vehicles.

2. Edwards Lifesciences (EW)

Edwards Lifesciences, a medical technology company, suffered the steepest decline among S&P 500 companies on July 26th, plummeting 31.3%. The company lowered its full-year earnings guidance due to weaker-than-expected sales of its transcatheter heart valve products. Investors will be monitoring the company's efforts to regain momentum in this crucial segment.

3. HealthStream, Inc. (HSTM)

HealthStream, a provider of healthcare workforce solutions, is considered a strong momentum stock for July 26th. With a Zacks Rank #1 (Strong Buy) and impressive earnings growth prospects, this stock could be an attractive option for investors seeking exposure to the healthcare technology sector.

4. Virco Mfg. Corporation (VIRC)

Virco Mfg. Corporation, a furniture company, is a compelling value stock for July 26th. With a Zacks Rank #1 and attractive valuation metrics, this stock could present an opportunity for value-focused investors looking to capitalize on potential upside in the manufacturing sector.

Stock Market Expected Movement

Based on the current market conditions and macroeconomic factors, analysts expect continued volatility in the stock market. The Federal Reserve's hawkish stance and concerns over slowing economic growth are likely to weigh on investor sentiment, potentially leading to further selloffs in the near term.

However, it's important to note that markets are forward-looking, and any positive developments, such as better-than-expected corporate earnings or signs of easing inflation, could provide relief and trigger a recovery.

Investors should remain vigilant and closely monitor economic data, corporate earnings reports, and developments in the ongoing battle against inflation. Diversification and a long-term investment horizon may prove valuable during periods of heightened market volatility.