As Alphabet Inc. delivers impressive earnings reports and announces increased capital investment in the field of artificial intelligence, the U.S. stock market once again reaches historic highs. This encouraging market performance stands in interesting contrast to the recently released economic data.

Latest data shows that for the week ending July 19, the number of initial jobless claims in the United States has slightly decreased to 217,000. This figure is not only lower than the previous week's 221,000, but also better than market analysts' expectations of 227,000. This marks the sixth consecutive week of decline in jobless claims, reflecting the ongoing resilience of the labor market.

Against this backdrop, the market is eagerly anticipating the Federal Reserve's interest rate decision to be announced on July 30. Currently, the vast majority of traders believe that the Federal Reserve is likely to keep the current benchmark interest rate unchanged at 4.25% to 4.5%. This expectation has also led to a slight cooling in market bets on a rate cut in the United States.

Meanwhile, exciting news is coming from the cryptocurrency market. Bitcoin remains stable above $118,000. Even more noteworthy is that Bitmine Immersion Technologies (BMNR), led by Tom Lee, has become the largest holder of Ethereum in the world again. The company has increased its ETH holdings to 565,821, valued at over $2.04 billion at current market prices.

In political matters, the U.S. President and the Chair of the Federal Reserve recently jointly inspected the renovation project at the Federal Reserve headquarters. The President once again called for interest rate cuts but also stated that firing the Federal Reserve Chair is not a necessary action. This statement seems to alleviate market concerns about potential interference with the Federal Reserve's policy independence.

As the Federal Reserve's interest rate decision date approaches, investors are closely monitoring changes in various economic indicators. The strong performance of tech stocks, the resilience of the labor market, and the stability of the cryptocurrency market will all be important factors influencing the future direction of the market.