U.S. Stock Market Daily Briefing — 2026-07-10

Fear & Greed Index

The current Fear & Greed Index is at 43.46, remaining in the "Fear" zone. This shows that investor sentiment remains cautious. While anxieties sparked by U.S.-Iran military tensions and a surge in oil prices led the decline in the index over the past few days, a recent recovery in chip-related stocks and a correction in oil prices have brought partial stabilization.

Market Key Summary

• S&P 500: 7,566.09 (+22.45, +0.30%)
• NASDAQ: 26,264.82 (+57.93, +0.22%)
• Dow Jones: 52,631.00 (+143.59, +0.27%)

Key Market Drivers and Macro Environment

• SK Hynix Nasdaq Listing and Chip Rebound: SK Hynix opened on the Nasdaq at $170 on July 10, with the Chairman stating in a CNBC interview that "demand is enormous." This led a recovery from last week's weakness in chip-related stocks. Meta (META) rose +5.03% and SanDisk (SNDK) gained +4.23%.

• Ongoing U.S.-Iran Military Tensions: President Trump stated on Wednesday, July 8, that the truce with Iran was "over," leading the U.S. to carry out additional airstrikes against Iran. This initially pushed oil prices higher, but as of Thursday, July 10, crude oil fell -1.17% to $71.24 per barrel.

• Rising Bond Yields: The U.S. 10-year Treasury yield rose +0.026% to 4.565%, while the 2-year yield rose +0.046% to 4.208%. This reflects that investors are closely monitoring both geopolitical risks and the Federal Reserve's policy direction.

Market Expert Outlook

• New Federal Reserve Leadership Maintains AI-Positive Stance: Members of the new Federal Reserve task force, led by Chair Kevin Warsh, are showing a positive stance toward AI. This could act as a positive signal for tech stock investors.

• Increased Volatility Expected in Bond and Stock Markets: Kristina Hooper of Man Group warned that volatility in the bond and stock markets could increase further under the new Federal Reserve leadership.

• Market Sentiment Ahead of Earnings Season: With earnings season approaching next week, some companies have consistently beaten analyst expectations in the past. This suggests that corporate earnings announcements will be a major market driver over the coming weeks.