About this episode

The episode discusses the recent advancements in US equity markets, particularly the S&P 500 nearing record highs ahead of the earnings season.

US equity markets advanced on Friday (10 July), with the S&P 500 closing in on fresh record highs ahead of the second quarter earnings season kicking into gear this week – Dow climbed +150-points or +0.29% . Nike Inc rallied +3.72%, while International Business Machines (IBM) Corp fell -2.62% The broader S&P500 rose +0.42% to 7,575.39 , settling 0.42% below its 2 June record closing high (7,609.78). Materials (up +1.12%) and Communication Services (+0.92%) led ten of the eleven primary sectors higher. Meta Platforms Inc (up +5.97%) the leading performer in the S&P 500 on Friday (10 July) and climbing to its highest level since April . Health Care fell -0.81%, with Moderna Inc slumping -10.83% to US$68.27and booking its worst week since August 2025 (down -14.41%) after a strong rally earlier in the month that lifted the vaccine manufacturer above >US$85 per share.

Topics covered

• US equity markets
• S&P 500
• earnings season
• stock performance
• market sectors

Keywords

• S&P 500
• Nike
• IBM
• Meta
• Moderna
• equity markets
• earnings season
• stock performance

Mentioned in this episode

Organizations: Nike Inc, International Business Machines (IBM) Corp, Meta Platforms Inc, Moderna Inc

More episodes of Morgans AM

• Friday, 17 July 2026: Weaker markets as chip makers decline · July 16, 2026 · 8 min
• Thursday, 16 July 2026: US equity markets firmer as investors digested another round of second quarter corporate earnings releases · July 15, 2026 · 8 min
• Wednesday, 15 July 2026: Markets move modestly as investors balance US-Iran tensions · July 14, 2026 · 8 min
• Tuesday, 14 July 2026: Hormuz Shock: Markets Rattle as Oil Surges · July 13, 2026 · 7 min
• Thursday, 9 July 2026: US Markets Weaker as Ceasefire Ends · July 8, 2026 · 6 min
• Tuesday, 7 July 2026: US equity markets advanced after resuming trading following the Independence Day long weekend · July 6, 2026 · 6 min

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