July 7, 2026, 12:45 PM EDT. Stock indexes moved in different directions, with the Dow Jones Industrial Average reaching a record high. The S&P 500 was down 0.19% and the Nasdaq 100 lost 1.43%. Weakness in chipmakers dragged on the session. Samsung Electronics saw its shares drop over 8% even after a profit jump. Semiconductor stocks faced doubts about how long the AI spending boost can last. Software stocks showed some staying power. Higher crude oil prices after attacks near the Strait of Hormuz boosted inflation bets and pushed U.S. bond yields up, as the 10-year Treasury yield touched 4.51%. A rising U.S. trade deficit and hawkish comments from New York Fed's John Williams added more pressure. Q2 earnings forecasts remain strong thanks to AI demand, and traders see about a 26% chance the Fed hikes rates at its next meeting.
