Stock Market Update
10-Jul-26 11:40 ET
Muted trading follows recent swings in semiconductors and oil
Dow +116.49
at 52603.90,
Nasdaq +11.40
at 26239.29,
S&P +12.46
at 7556.10
[BRIEFING.COM] After several consecutive days of semiconductor gains and swings in oil prices, stocks are in the midst of a more subdued, lower-volume session this morning. The S&P 500 (+0.2%), Nasdaq Composite (+0.1%), and DJIA (+0.2%) are modestly higher just before midday.
The major averages moved lower around an hour ago following some volatility on the geopolitical front, with President Trump saying on Truth Social that the U.S. has agreed to continue talks with Iran, though he declared the ceasefire over. Crude oil has since moved lower, currently down $0.87 (-1.2%) to $71.20 per barrel.
Seven S&P 500 sectors trade higher, though the materials sector (+1.2%) is the only one that holds a gain wider than 0.6%.
The PHLX Semiconductor Index (-0.4%) trades modestly lower, keeping the information technology sector (+0.1%) near its flat line and adding to the subdued tone at the index level.
Outside of the S&P 500, the Russell 2000 (-0.7%) gives back some of yesterday's strength, while the S&P Mid Cap 400 is flat.
