On July 30, the U.S. released its JOLTs job openings report for June. The report showed that JOLTs job openings fell to 8.18 million in June from 8.23 million in May, above analysts' expectations of 8 million.

On the same day, traders also focused on the CB Consumer Confidence report for July. The report showed that the CB Consumer Confidence Index rose to 100.3 in July from 97.8 in June, above analysts' expectations of 97.8.

The Present Situation Index declined from 135.3 to 133.6, while the Expectations Index rose from 72.8 to 78.2. Typically, a value below 80 signals a possible future recession.

The Conference Board commented, "While consumers remain relatively optimistic about the labor market, they remain concerned about high prices and interest rates, as well as uncertainty about the future; these conditions may not improve until next year."

The U.S. Dollar Index hovered around 104.75 as traders reacted to JOLTs job openings and the CB Consumer Confidence Index report. The dollar index continues to move higher ahead of the Fed resolution, which will be released tomorrow.

Despite the dollar's strength, gold prices rose as traders focused on the pullback in Treasury yields.

The S&P 500 retreated to 5,470 as traders focused on economic reports. On the whole, equity traders are likely to remain cautious ahead of the Fed resolution.