US equity markets staged a solid recovery during the week of July 6–10, 2026, with the S&P 500 gaining 1.3% and the Nasdaq advancing 1.7%. The rally was led by AI and technology stocks, bolstered by notable corporate developments, including Broadcom's collaboration with Apple.
Treasury yields, however, finished the week higher, with the curve wider by 5–7 basis points, as renewed tensions in the Middle East reignited inflation fears. With the Strait of Hormuz still disrupted, oil prices climbed back above $75 per barrel (+5%), as prospects for a near-term peace agreement remained uncertain.
Looking ahead to the week of July 13–17, markets will be focused on two major catalysts: the start of the Q2 earnings season, led by major US banks — with S&P 500 profits broadly expected to grow over 20% year-over-year — and key inflation data, including the June CPI and PPI releases, which will be closely monitored for further signals on the Fed's policy path.
