US Stock Weekly Report

Key Points: US equities posted modest gains led by Communication Services (+1.4%) and Tech (+1.3%), driven by strong mega-cap earnings. Conversely, small-caps fell 1.5% amid high borrowing costs. Sticky inflation, resilient economic data, and Fed Chair Warsh's hawkish Jackson Hole stance kept Treasury yields elevated near 4.68%. Sentiment remains neutral, with focus shifting to upcoming August employment and ISM data.

Key Points: U.S. equities fell, ending a multi-week rally as rising Treasury yields and inflation concerns pressured valuations. The S&P 500 dropped 1.44%, and the Nasdaq lost 2.17%. Sector rotation favored defensives; Health Care gained 4.32% and Materials rose 2.28%. Conversely, rate-sensitive Industrials declined 3.31% and Utilities fell 3.04%. Investors focus on the upcoming Jackson Hole Symposium and central bank guidance amid ongoing bond market volatility and geopolitical risks.

Key Points: US equities logged mixed results; S&P 500 and Nasdaq rose for a third consecutive week, while the Dow declined. Softer July CPI and PPI readings reinforced hopes for unchanged Fed rates, though retail sales contracted and consumer sentiment fell. Small caps outperformed with a 1.1% gain. AI tech shares drew strong demand, offset by profit-taking and caution over consumer spending, rising energy prices, and upcoming Jackson Hole commentary.

Key Points: Markets rallied as energy costs fell and geopolitical tensions eased. The Dow hit record highs, driven by AI-focused earnings and a rotation into financials and industrials. Despite persistent inflation concerns and a 4.74% 10-year yield, sentiment shifted from defensive to constructive. Upcoming CPI and PPI data will test price stability, with a focus on consumer resilience. Strategy favors quality growth and infrastructure plays, while monitoring regulatory tech risks and potential inflation shocks.

Key Points: U.S. equities rallied as the Fed maintained rates but hinted at a pivot. Technology and communication services led gains as yields declined, while defensive sectors lagged. Mega-cap earnings fueled optimism, with investors rewarding disciplined capital allocation. Market sentiment shifted toward "soft landing" expectations, evidenced by increased inflows and lower volatility. Focus now turns to non-farm payrolls and retail earnings, as investors prioritize quality and companies with high capital efficiency.

Key Points: U.S. equities faced volatility as the Nasdaq declined 2.90% on cooling AI-driven sentiment and earnings concerns from firms like Alphabet and Tesla. The S&P 500 fell 1.55%, while mid-caps showed resilience. Geopolitical tensions in the Middle East spiked energy prices, triggering a defensive sector rotation into energy and materials. New trade tariffs and high capex requirements remain headwinds. Outlook favors quality and value-oriented sectors as the market prioritizes fundamental margins over growth.

Key Points: U.S. equities saw a rotation as tech shares faced heavy selling, with the semiconductor index entering a bear market amid skepticism over AI monetization. Conversely, energy outperformed, acting as a defensive hedge against geopolitical volatility in the Middle East. With inflation remaining above target, the Fed signaled a restrictive policy stance. Market focus is shifting from momentum to earnings quality, favoring large-cap resilience as investors await further cloud and software results.

Key Points: Equities saw a rotation from AI and tech into value and defensive sectors, pushing the Dow to record highs. FOMC minutes showed a split over persistent inflation, while weak jobs data contrasted with resilient services growth. Investors are becoming cautious as high valuations face earnings scrutiny. Strategy shifts toward quality, financials, and healthcare. Outlook hinges on upcoming CPI data and bank earnings, which will test the "no landing" narrative and corporate margins in a high-rate environment.

Key Points: U.S. equities saw polarized performance during the shortened week ending July 2, 2026. The S&P 500 rose 1.8% to 7,483.24, led by communication and financial services. Conversely, the AI and semiconductor complex faced a 6.7% correction as investors locked in profits. Market sentiment shifted toward rotation, moving capital into value and cyclical sectors. Softer June payrolls (57k) and resilient ISM manufacturing (53.3%) calmed rate-hike fears, while the market now turns to Fed minutes and Q2 earnings.

Key Points: U.S. equities saw a rotation last week as major indices diverged. S&P 500 and Nasdaq fell 1.95% and 4.60% respectively, hit by a tech correction amid valuation fatigue. Conversely, the Dow and Russell 2000 rose, signaling a shift toward value. Healthcare (+7.88%) and real estate (+4.16%) led as defensive plays, while tech slid 5.32%. Inflation remained sticky, forcing a pivot from speculative growth to defensive resilience. Investors now prioritize profitability and margin protection amid rate uncertainty.