US Markets Highlights — Jul 10, 2026 | Aivina
July 10, 2026
US markets saw record highs early in the week, fueled by strong tech sector performance and AI optimism, before experiencing a slight pullback. Inflation data showed cooling, but the Federal Reserve maintained a cautious stance, signaling only one rate cut for 2024. Mixed economic indicators, including softer retail sales but robust manufacturing and services PMIs, suggest a resilient yet slowing economy, contributing to a neutral market sentiment.
Highlights
- S&P 500 and NASDAQ achieved record highs; strong tech sector drove gains; subsequent profit-taking emerged.
- Nvidia's rally significantly boosted indices; AI optimism fueled market strength; later saw sharp decline.
- Broader market saw mixed trading; S&P 500 ended week lower; NASDAQ also closed down from peak.
Macro Overview
Inflation
May CPI and PPI data showed cooling, largely meeting or beating expectations. Core inflation persists above target.
Interest Rate Outlook
Fed held rates, dot plot signals one 2024 cut. Officials stress data dependency, keeping cuts uncertain.
Risk Sentiment
neutral
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