Market Storylines: Tech Breakout, Hyperscalers lead the charge + Jobs Friday
Market Storylines
•
7m 53s
Michael Reinking, Senior Market Strategist at the NYSE, reviews a pivotal week in which the S&P 500 broke above its May-July trading range near 7,600, driven by strong Q2 earnings, easing oil prices, and mispositioning in tech that sparked a broad-based rally. Hyperscalers led the charge as investors embraced the ongoing shortage of compute capacity, while semiconductors and optical stocks saw volatile swings amid eye-popping growth figures and sky-high expectations. Looking ahead, Friday's jobs report and next week's inflation prints take center stage, with reports suggesting Fed Chair Warsh could support a September rate hike should the data come in hot.
Up Next in Market Storylines
-
7-30-2026: Tech Reprices Lower, Earni...
Eric Criscuolo, Market Strategist at the NYSE, reviews a market shaped by continued AI-driven volatility, rising Treasury yields, and renewed uncertainty following the Federal Reserve meeting. While semiconductor and AI hardware stocks remained under pressure, the equal-weight S&P 500 reached a r...
-
7-24-2026: AI Capex Concerns, Earning...
Michael Reinking, Senior Market Strategist at the NYSE, reviews a market facing renewed pressure from escalating Middle East tensions, rising oil prices, and higher Treasury yields. While earnings have generally been strong across Financials, Industrials, and Healthcare, Technology stocks have st...
-
7-17-2026: Semi Rotation, Earnings St...
Eric Criscuolo, Market Strategist at the NYSE, reviews a market increasingly defined by sharp sector rotations as AI-related semiconductor and memory stocks pulled back after massive gains earlier this year. Weakness in semis contrasted with renewed strength in hyperscalers, improving performance...
