Tech stocks sold off sharply while financials surged as geopolitical tensions in the Middle East rattled energy markets. The S&P 500 eked out a gain but the Nasdaq 100 dropped over 2% on recession fears. The Dow Jones outperformed, led by banking stocks. Treasury yields rose, with the 30-year breaking above 5% as investors fled to safety.
| Index | Price | Change | 5-Day Perf |
|---|---|---|---|
| S&P 500 (SPY) | $747.71 | 🟢 +6.71 (+0.91%) | +0.13% |
| Nasdaq 100 (QQQ) | $709.43 | 🔴 -14.65 (-2.02%) | -3.66% |
| Dow Jones (DIA) | $528.45 | 🟢 +6.77 (+1.30%) | +1.16% |
| Russell 2000 (IWM) | $296.19 | 🔴 -2.78 (-0.93%) | -1.42% |
| Sector ETF | Price | Change | 5-Day Perf |
|---|---|---|---|
| Technology (XLK) | $179.18 | 🔴 -6.23 (-3.36%) | -5.95% |
| Financials (XLF) | $56.05 | 🟢 +2.33 (+4.34%) | +4.55% |
| Energy (XLE) | $54.64 | 🟢 +1.06 (+1.98%) | +2.88% |
| Healthcare (XLV) | $164.44 | 🟢 +3.70 (+2.30%) | +3.64% |
| Consumer Discretionary (XLY) | $117.39 | 🟢 +0.27 (+0.23%) | +0.09% |
Treasury yields rise, with 30-year trading above key 5% level
U.S. resumes 'powerful strikes' on Iran after Hormuz Strait ship attacks, CENTCOM says
Trump renews Greenland threats at NATO summit, says U.S. could remove troops from Europe
Stellantis to sell small Fiat Topolino EV for $13,995 in U.S.
U.S. revokes Iran oil sales authorization after tanker attacks
All eyes on upcoming Fed speak and inflation data. If recession fears deepen, expect defensive sectors (healthcare, staples) to outperform. Iran situation could keep energy elevated. Tech earnings season begins in two weeks — guidance will be critical.
Data sources: Yahoo Finance, CNBC. Report generated 2026-07-08