NEW YORK, July 6, 2026, 20:04 EDT
- S&P 500 (INDEXSP:.INX) climbed 0.72%, with the Nasdaq Composite (INDEXNASDAQ:.IXIC) up 1.12% and the Dow Jones Industrial Average (INDEXDJX:.DJI) tacking on 0.29%. Still, S&P decliners led advancers by 1.3-to-1.
- Rivian Automotive Inc NASDAQ:RIVN dropped after the bell following news of a 75-million-share offering. Fiserv Inc NASDAQ:FISV moved higher after word of bank discussions about a payments network.
- LSEG I/B/E/S is calling for S&P 500 earnings to jump 24% in Q2, with FactSet just below at 23.3% and revenue growth pegged at 12.2%. Not much room for disappointing guidance this quarter.
U.S. stocks climbed Monday, but futures were more muted after the bell. The S&P 500 closed up 0.72% at 7,537.43, Nasdaq added 1.12% to 26,121.16, and the Dow rose 0.29% to 53,055.91. Shares of Broadcom Inc NASDAQ:AVGO jumped 3.7% after the company and Apple Inc NASDAQ:AAPL extended their custom-chip agreement through 2031. Even so, S&P 500 decliners led advancers by 1.3-to-1.
The latest read came after market close. Out of MarketWatch’s 20 most-active after-hours stocks, 15 barely budged, trading within 0.25% up or down. Rivian was the only name in the group to move more than 1%. That’s notable since the regular session didn’t see much broad strength either. When the index closes high but only a handful of stocks move, the rally ends up depending on just a few names—making it more vulnerable if earnings outlooks disappoint.
MarketWatch’s after-hours screener update for July 6 showed event-driven trades on the fringes, but not much follow-through in the main volume stocks.
| After-hours name | Price | Volume | Change | Read-through |
|---|---|---|---|---|
| State Street Corp NYSE:STT | $185.65 | 338.4K | +5.51% | Leads the board |
| Fiserv Inc NASDAQ:FISV | $53.70 | 313.8K | +3.71% | Bid speculation after deal talk |
| Rivian Automotive Inc NASDAQ:RIVN | $18.31 | 3.74M | -9.09% | Overhang from offering |
| AT&T Inc NYSE:T | $20.60 | 16.98M | +0.10% | Biggest volume, flat price |
| Nvidia Corp NASDAQ:NVDA | $195.23 | 12.23M | -0.16% | Heavy flow, little move |
| Microsoft Corp NASDAQ:MSFT | $385.32 | 4.29M | -0.37% | Capex, layoffs swirl |
Fiserv shares turned higher late, reportedly on payments deal talk. Reuters, citing the Wall Street Journal, reported that major U.S. banks like JPMorgan Chase & Co NYSE:JPM and Bank of America Corp NYSE:BAC have had early discussions about buying a Fiserv-owned network. Reuters said it was unable to confirm the report.
Rivian dropped 8% after hours, following a 75-million-share public offering. The EV maker projected second-quarter revenue between $1.55 billion and $1.65 billion, topping the $1.45 billion analysts were looking for, based on LSEG data reported by Reuters.
Broadcom shares picked up late in the day. Emarketer analyst Jacob Bourne said, “locking in Broadcom through 2031 buys supply-chain certainty” for Apple, while Broadcom gets some relief after Apple’s push to make more of its own chips. Apple makes up around 20% of Broadcom’s yearly sales, according to analysts who spoke to Reuters. Reuters
Microsoft shares lagged among the megacaps, down nearly 1% after the company announced plans to cut around 4,800 jobs. “Microsoft can’t afford all of its CapEx,” Thomas Hayes, chairman at Great Hill Capital LLC, told Reuters, adding the return from that spending remains uncertain. Reuters
Risk in the narrow tape comes from forecasts.
| Forecast source | Q2 S&P 500 EPS growth | Q2 revenue growth | Later forecast / sector note |
|---|---|---|---|
| LSEG I/B/E/S, via Reuters | +24% | Not cited | Tech earnings pegged at roughly 65% growth |
| FactSet | +23.3% | +12.2% | Q3 EPS +26.8%, Q4 EPS +24.4%, calendar 2026 EPS +24.1% |
FactSet is projecting earnings gains for 10 out of 11 sectors in Q2, with Health Care the lone sector seen declining. Analysts are also calling for revenue to rise in each of the 11 sectors.
Stocks moved anyway even as macro data landed as expected. ISM’s services PMI slipped to 54.0 in June, right on the estimate. Traders priced in odds of a quarter-point hike at 25% for the Fed’s July 29 meeting, CME’s FedWatch showed, Reuters reported.
Delta Air Lines NYSE:DAL and PepsiCo NASDAQ:PEP will report later this week. The Fed is set to release June meeting minutes on Wednesday.
Related articles: NASDAQ:NVDA
