Your Weekly Update for Monday, July 13, 2026.
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Bill Roller
NMLS #107972
CHARTERED FINANCIAL ANALYST
CERTIFIED FINANCIAL PLANNERTM
CHARTERED MARKET TECHNICIAN
bill.roller@beaconrwa.com
Summary
Markets were MIXED last week. The Dow Jones Industrial Average was DOWN 0.50% to 52,637.01 while the S&P500 ended UP 1.23% to 7,575.39. The Nasdaq Composite ROSE 1.74% to 26,281.61. The annual yield on the 30-year Treasury ROSE 8.6 basis point(s) to 5.071%.
Last Week
Closing Market Summary: Stocks close out volatile week on a steady note
The major averages finished near their best levels of the session following a relatively quiet day of trading, with easing oil prices helping the market look past geopolitical volatility and support equities after a volatile week marked by sharp swings in semiconductor stocks and crude oil. The S&P 500 (+0.4%), Nasdaq Composite (+0.3%), and DJIA (+0.3%) all closed higher. The S&P 500 and Nasdaq Composite also finished firmly higher for the week, while the DJIA ended modestly lower.
Markets briefly turned lower during the morning after President Trump said the U.S. would continue talks with Iran while declaring the ceasefire over. Sentiment steadied after Axios reported that the U.S. and Iran are expected to hold another round of talks in Switzerland next week, while Bloomberg reported that oil tankers continue to transit the Strait of Hormuz despite ongoing tensions. WTI crude oil futures settled down $0.69 (-1.0%) at $71.41 per barrel.
The retreat in oil prices supported broad participation across the market, with 10 S&P 500 sectors finishing higher. The materials sector (+1.1%) led the advance as container and packaging companies benefited from easing energy costs, while the decline in crude also helped keep broader market volatility subdued.
The communication services sector (+0.9%) was another standout thanks to Meta Platforms (META 669.21, +37.73, +5.97%), which finished as the best-performing S&P 500 component. Investors continued to warm to the company’s AI strategy following a series of product and infrastructure announcements, including reports that it may monetize surplus computing capacity and expand its AI infrastructure, reinforcing confidence that its elevated AI spending can evolve from a margin headwind into a meaningful long-term growth opportunity.
The information technology sector (+0.6%) also strengthened into the close despite relatively muted action across semiconductor stocks, with the PHLX Semiconductor Index finishing little changed (+0.1%). NVIDIA (NVDA 210.96, +8.18, +4.03%) nevertheless was a standout%, extending a strong weekly advance.
While not a component of the S&P 500, SK hynix Inc.’s (SKHYV 168.31, +19.31, +12.96%) Nasdaq ADS enjoyed a strong U.S. debut, reinforcing investor appetite for one of the AI industry’s leading high-bandwidth memory suppliers.
The health care sector (-0.8%) was the lone sector to finish lower, weighed down by continued weakness in Moderna (MRNA 68.27, -8.29, -10.83%), which ended as the worst-performing S&P 500 component.
On the earnings front, Delta Air Lines (DAL 87.39, -1.61, -1.81%) also declined despite delivering better-than-feared quarterly results and reaffirming its full-year outlook, suggesting investors remain cautious about the pace of the airline industry’s earnings recovery even as the company pointed to improving demand.
Although Friday’s session lacked the sharp rotations seen earlier in the week, it capped a constructive stretch for equities as investors largely looked past the latest geopolitical developments. Attention now shifts to next week’s start of second-quarter earnings season, with the major banks set to report first, along with another round of inflation data that could help shape expectations for monetary policy. With the market continuing to trade near record highs, corporate guidance is likely to be just as important as the quarterly results themselves.
There was no economic data of note.
U.S. Treasuries finished a bumpy week on a lower note with yields on 5-year note and shorter tenors settling just below this year’s highs. The 2-year note yield settled up five basis points to 4.21% (+7 basis points this week), and the 10-year note yield settled up three basis points to 4.57% (+8 basis points this week).
- Russell 2000: +20.0% YTD
- S&P Mid Cap 400: +14.4% YTD
- Nasdaq Composite: +13.1% YTD
- S&P 500: +10.7% YTD
- DJIA: +9.5% YTD
This Week
S&P futures vs fair value: -33.00. Nasdaq futures vs fair value: -289.00.
Equity futures point to a lower open this morning as semiconductor stocks face pressure in the premarket while lingering hostilities between the U.S. and Iran send oil prices higher. Both semiconductors and oil contributed to considerable choppiness last week, with the S&P 500 and Nasdaq Composite notching solid weekly gains, while the DJIA faced a modest loss.
Crude oil is currently up $2.43 (+3.4%) to $73.84 per barrel after the U.S. and Iran traded strikes over the weekend. Iran maintains that the Strait of Hormuz is closed (and attacked a commercial ship travelling the waterway), though Bloomberg reports that a southern route remains open.
Meanwhile, semiconductor stocks are under pressure after shares of SK Hynix moved sharply lower following a successful ADS debut on the Nasdaq on Friday.
There are no earnings on the calendar today, but tomorrow will effectively kick off the Q2 earnings season with a slate of major banking names.
Similarly, there are no economic data releases of note today, though tomorrow will feature the June CPI (Briefing.com consensus -0.1%).
In corporate news:
- Apple (AAPL 315.94, +0.62, +0.2%) sued OpenAI for allegedly stealing company secrets, according to The New York Times.
- Meta Platforms (META 664.25, -5.09, -0.8%) suspended its newly released Muse Image AI image generator, according to Business Insider.
- Taiwan Semiconductor Manufacturing (TSM 434.60, +0.49, +0.1%) reported June revenues up 68% year-over-year, with first half revenues rising 36%.
Reviewing overnight developments:
Equity indices in the Asia-Pacific region had a mostly higher start to the week while South Korea’s Kospi (-9.0%) struggled, reaching its lowest level since early May, with SK Hynix falling more than 15.0% after its Friday debut in the U.S. Japan’s Nikkei: -1.9%, Hong Kong’s Hang Seng: +0.2%, China’s Shanghai Composite: -2.1%, India’s Sensex: +0.1%, South Korea’s Kospi: -9.0%, Australia’s ASX All Ordinaries: UNCH.
In news:
- S. South Korea’s exports were up 54% yr/yr through the first ten days of June with chip exports jumping nearly 200%.
- China imposed temporary export restrictions on helium due to renewed fighting in the Middle East.
- Citigroup upgraded Japan to Overweight from Underweight.
In economic data:
- India’s June trade deficit $30.43 bln (last deficit of $28.21 bln). June CPI 4.38% yr/yr (expected 4.30%; last 3.93%)
- New Zealand’s June Performance of Services Index 50.6 (last 48.0)
Major European indices trade near their flat lines amid some ongoing Iran-related worries after reports of continued strikes over the weekend. STOXX Europe 600: -0.1%, Germany’s DAX: +0.1%, U.K.’s FTSE 100: -0.1%, France’s CAC 40: +0.1%, Italy’s FTSE MIB: +0.3%, Spain’s IBEX 35: +0.2%.
In news:
- The U.K.’s leadership race will take shape this week with Andy Burnham still seen as the clear favorite to become next prime minister.
- Reports suggest that he is planning to combine a departmental spending review with an autumn budget.
There is no economic data of note.
Mortgage Rates
“The 30-year fixed-rate mortgage averaged 6.49% this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Mortgage rates have not changed much recently, but economic growth and housing affordability continue to improve for homebuyers as they shop for homes in today’s market.”
The 30-year FRM averaged 6.49% as of July 9, 2026, up from last week when it averaged 6.43%. A year ago at this time, the 30-year FRM averaged 6.72%.
The 15-year FRM averaged 5.82%, up from last week when it averaged 5.79%. A year ago at this time, the 15-year FRM averaged 5.86%.
Selected Cryptocurrencies
| Symbol | Name | Price | 24h % | 7d % | Market Cap | Volume(24h) |
| BTC | Bitcoin | $62,753.61 | -1.98% | 1.16% | $1.25T | $21.07B |
| ETH | Ethereum | $1,778.60 | -1.46% | 1.69% | $214.64B | $9.19B |
| BNB | BNB | $568.83 | -2.38% | -1.18% | $76.66B | $987.26M |
| XRP | XRP | $1.07 | -2.01% | -4.55% | $67.26B | $954.22M |
| SOL | Solana | $76.06 | -1.25% | -5.41% | $44.28B | $1.59B |
| TRX | TRON | $0.33 | -1.32% | -0.30% | $31.02B | $486.6M |
| HYPE | Hyperliquid | $64.80 | -3.22% | -6.79% | $16.4B | $317.85M |
| DOGE | Dogecoin | $0.07 | -1.60% | -5.14% | $11.19B | $448.15M |
| LEO | UNUS SED LEO | $9.52 | -0.06% | 1.94% | $8.76B | $363.77K |
| ZEC | Zcash | $511.85 | -1.90% | 15.12% | $8.58B | $527.95M |
| XLM | Stellar | $0.18 | -1.49% | -8.28% | $6.27B | $117.03M |
| XMR | Monero | $324.10 | -1.80% | 1.85% | $6.08B | $82.1M |
| ADA | Cardano | $0.16 | -3.40% | -12.09% | $5.82B | $230.28M |
| LINK | Chainlink | $7.92 | -1.38% | 0.80% | $5.76B | $205.96M |
| CC | Canton | $0.13 | -1.47% | -4.74% | $5.24B | $13.24M |
| BCH | Bitcoin Cash | $237.60 | -3.85% | 0.27% | $4.76B | $111.68M |
| USD1 | World Liberty Financial USD | $1.00 | -0.02% | 0.02% | $4.41B | $590.13M |
Data as of 5:20 AM PDT, Monday, July 13, 2026. Source: https://coinmarketcap.com
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Sources: Bill Roller, BR Capital, Inc. dba Beacon Rock Wealth Advisors American Association for Individual Investors (AAII), Associated Press, Barclays Capital, Bloomberg, Briefing.com, Citigroup, Deutsche Bank, FactSet, Financial Times, Goldman Sachs, JPMorgan Asset Management, MarketfieldAsset Management, Morgan Stanley, MSCI, Morningstar, Northern Trust, Oppenheimer Funds, PIMCO, Standard & Poor’s, StockCharts.com, The Conference Board, Thomson Reuters, T. Rowe Price, U.S. Bureau of Economic Analysis, U.S. Federal Reserve, Wall Street Journal, The Washington Post. Index performance is shown as total return, which includes dividends, with the exception of MSCI-EM, which is quoted as price return/excluding dividends. Performance for the MSCI-EAFE and MSCI-EM indexes is quoted in U.S. Dollar investor terms.
The information above has been obtained from sources considered reliable, but no representation is made as to its completeness, accuracy or timeliness. All information and opinions expressed are subject to change without notice. Information provided in this report is not intended to be, and should not be construed as, investment, legal or tax advice; and does not constitute an offer, or a solicitation of any offer, to buy or sell any security, investment or other product BR Capital, Inc. dba Beacon Rock Wealth Advisors is a registered investment advisor.
Notes key: (+) positive/encouraging development, (0) neutral/inconclusive/no net effect, (-) negative/discouraging development.