On July 6, 2026, the S&P 500 Index rose by 0.60%, while the Dow Jones Industrial Average declined by 0.08%. The Nasdaq 100 increased by 1.52%. This upward trend in stock indexes was fueled by gains in chipmakers and AI infrastructure stocks, amid encouraging US economic data indicating continued expansion in the service sector.
The June ISM services index fell slightly to 54.0, aligning with expectations, while the employment sub-index increased to 51.2, surpassing forecasts of 48.2. In another development, U.S. crude oil prices rebounded by 0.2%, recovering from earlier losses as Saudi Arabia and the UAE lifted shipments. Analysts estimate a 24% chance of a 25 basis point rate hike during the Federal Open Market Committee meeting on July 28-29.
Notably, projections for Q2 earnings suggest a 23% rise, driven largely by AI infrastructure stocks anticipated to contribute nearly 60% of the S&P 500’s earnings-per-share growth. The Eurozone saw May retail sales increase by 0.2%, below the expected 0.3%, while Germany’s May factory orders improved by 1.9%, exceeding expectations.
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