About this episode

US equity markets advanced after resuming trading following the Independence Day long weekend, led by a rally in AI-related stocks.

US equity markets advanced after resuming trading following the Independence Day long weekend, led by a fresh rally for artificial intelligence (AI)-related stocks – Dow added +156-points or +0.29% to 53,055.91 , booking its first close above >53,000 and 21st record closing high of 2026 . It has been just four trading days since the index first closed above 52,000, marking the fastest 1,000 point milestone on record. Boeing Co (up +3.55%), International Business Machines (IBM) Corp (+3.45%) and Goldman Sachs Group Inc (+3.36%) all rallied over >3%. Amgen Inc (down -2.06%), Home Depot Inc (-2.03%) and Merck & Co Inc (-2.15%) declined over >2%. Microsoft Corp announcing it ​would cut ~4,800 jobs or ~2.1% of its global workforce .

Topics covered

• US equity markets
• artificial intelligence stocks
• stock market performance
• job cuts
• trading milestones

Keywords

• US equity markets
• artificial intelligence
• Boeing
• Microsoft job cuts
• stock performance

Mentioned in this episode

Organizations: Boeing Co, International Business Machines (IBM) Corp, Goldman Sachs Group Inc, Amgen Inc, Home Depot Inc, Merck & Co Inc, Microsoft Corp

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
• Monday, 13 July 2026: Markets advanced on Friday (10 July), with the S&P 500 closing in on fresh record highs · July 12, 2026 · 7 min
• Thursday, 9 July 2026: US Markets Weaker as Ceasefire Ends · July 8, 2026 · 6 min

Explore listener stats, chart rankings, contacts and more on the Morgans AM podcast page.