July 7, 2026

US stock indexes advanced yesterday, in a session where new activity data was released

International

Last Friday, stock and bond markets were closed in the United States in observance of Independence Day, the 250th anniversary of the holiday. As a result, with Thursday being the closing day of the trading week, the major stock indices closed with mixed results. The S&P 500 was unchanged, while the Nasdaq fell 0.8%, and the Dow Jones rose 1.1%, bringing their year-to-date gains to 9.3%, 11.1%, and 10.1%, respectively.

Meanwhile, the U.S. Treasury yield curve also saw mixed movements on Thursday. The 1-year Treasury yield narrowed from 3.97% to 3.92%, while the 3-year Treasury yield narrowed from 4.19% to 4.16%. Meanwhile, the 10-year Treasury yield remained unchanged at 4.48%.

Finally, this week's focus will be primarily on the release of the minutes from the Federal Reserve's latest monetary policy meeting, where Kevin Warsch participated for the first time as Chairman. The Fed decided to keep the interest rate unchanged in the 3.50%-3.75% range. The May retail sales data, a proxy indicator of economic activity, will also be released.

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