On July 6, 2026, the S&P 500 Index rose by 0.43%, while the Dow Jones Industrial Average edged down by 0.04%, and the Nasdaq 100 Index increased by 1.17%. In futures trading, September E-mini S&P futures gained 0.46%, and September E-mini Nasdaq futures rose by 1.33%. This upward movement was primarily driven by strong performances in chipmakers and AI infrastructure stocks.
Crude oil prices fell 0.5% following OPEC+’s decision on July 2 to raise output targets by 188,000 barrels per day, as oil flows from the Strait of Hormuz increased. The 10-year Treasury note yield dropped to 4.46%, reducing inflation expectations amid speculations that the Federal Reserve may not raise interest rates soon, while markets currently estimate a 24% chance of a 25 basis point rate hike at the next FOMC meeting.
Bloomberg Intelligence predicts Q2 earnings may rise by 23%, attributed mainly to AI spending which is expected to drive nearly 60% of the S&P 500’s earnings-per-share growth. European markets exhibited a mixed performance, with the Euro Stoxx 50 down 0.47%, despite improvements in German factory orders by 1.9% month-over-month, exceeding expectations of 1.1%.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
