07/13/2026
The Markets (as of market close July 10, 2026)
Stock traders were somewhat skittish during the early part of last week as tensions in the Middle East intensified. However, stocks closed the week on an uptick following solid sessions last Thursday and Friday. After a brief retreat, tech shares led the market surge, supported by the New York market debut of a major South Korean chip manufacturer, which enjoyed the largest-ever U.S. market debut of a foreign firm. Several market sectors performed well, led by energy and information technology. Consumer discretionary, industrials, and materials lagged. Crude oil prices posted weekly gains despite slipping last Friday as disruptions in the Strait of Hormuz kept supply concerns elevated.
Last Week's Economic News
- The services sector experienced a modest increase in activity in June, supported by a faster increase in new business as firms responded to gradually stabilizing economic conditions.
The Markets (as of market close July 10, 2026) Stock traders were somewhat skittish during the early part of last week as tensions in the Middle