Global Weekly Equities Report - July 10, 2026

Global Equities: The U.S. Market

U.S. Equities Advance as AI Momentum Supports Market Gains

U.S. equities ended the week mostly higher as renewed optimism surrounding artificial intelligence and technology stocks supported investor sentiment. The Nasdaq Composite gained 1.74% to close at 26,281.61, while the S&P 500 rose 1.23% to 7,575.39. The MSCI World Index advanced 0.74% to 4,867.82, while the Dow Jones Industrial Average slipped 0.50% to 52,637.01 after reaching record

levels earlier in the week. Markets remained resilient despite bouts of volatility, with investors continuing to favour growth-oriented sectors, particularly AI-related and semiconductor stocks.

Hawkish Fed Minutes Keep Inflation Risks in Focus

Investor attention centered on the release of the Federal Reserve's June FOMC meeting minutes, which revealed that policymakers remain increasingly concerned about upside inflation risks. The minutes showed several officials leaning toward additional monetary tightening from the current 3.50%–3.75%

policy range if inflation proves persistent. Markets also continued to assess the policy direction under new Federal Reserve Chairman Kevin Warsh, whose hawkish stance reinforced expectations that interest rates could remain higher for longer.

Technology and Energy Lead Weekly Sector Performance

Technology stocks led sector gains, rising 3.41% as investor confidence in artificial intelligence strengthened following the successful $29 billion U.S. market debut of semiconductor giant SK Hynix. Energy (+3.22%) and Communication Services (+2.29%) also outperformed, helping lift the broader market. In contrast, Materials (-2.22%), Healthcare (-1.85%), Consumer Staples (-1.27%), and

Industrials (-1.11%) lagged as investors rotated toward high-growth sectors. The week's performance underscored the market's continued preference for AI-driven opportunities despite ongoing monetary policy uncertainty.