10/07/2026 21:59 - Economia
The New York Stock Exchange closed the trading session on July 10, 2026, with its three main benchmarks in the green, in a volatile session that ended on a highly optimistic note. The Dow Jones Industrial Average—which tracks 30 major U.S. companies—hit a new all-time high, rising by 0.29% to reach 52,637.09 points.
Meanwhile, the S&P 500—an index measuring the stock performance of 500 large companies listed on exchanges in the United States—gained 0.40%, settling at 7,573.79 points. The tech-heavy Nasdaq Composite appreciated by 0.28%, closing at 26,281.61 points. This rebound provided a much-needed boost to technology stocks, which had recently faced institutional sell-offs.
Investors' attention quickly shifted to microeconomic fundamentals, particularly the semiconductor sector. South Korean chipmaker SK Hynix skyrocketed by 12.7% following its debut on the Nasdaq, marking the largest U.S. initial public offering (IPO) ever by a foreign company.
This movement reflects investors' ongoing frenzy for companies linked to the Artificial Intelligence (AI) boom. Nvidia, SK Hynix's main client and a leading designer of graphics processing units, grew by 4%, also boosted by a reported policy change in China that would allow the purchase of H200 processors. Other sector players also stood out: BETA Technologies advanced 5.8% after announcing electric aircraft flights, while Rackspace Technology staged a strong recovery of 22%. Conversely, Micron Technologies saw a slight decline of 1.2%.
The market sentiment improved following statements from President Donald Trump, who confirmed that Iran requested to continue negotiations, although he clarified that the ceasefire had ended. This news slightly dissipated fears of a total blockade in the Strait of Hormuz, a critical oil shipping route.
As a result, oil prices retreated from their highs, reducing fears of a second inflationary wave that could complicate the Federal Reserve's monetary policy. The Brent crude barrel stabilized, bringing tranquility to global financial markets.
Weekly economic data showed a slight decrease in initial U.S. jobless claims, down to 215,000. The Federal Reserve minutes reminded markets that officials remain concerned about core inflation, suggesting that interest rates will stay high. With the start of the second-quarter earnings season, analysts project a 24% year-over-year growth in S&P 500 earnings, strongly led by the technology sector.
Alfredo S. Quiroga
