FLAT SESSION: SPY +0.36% | Range-bound
SESSION RECAP
• SPY: closed near $751.86 today; watch today's session high and low as the immediate technical reference for the next trading day.
MARKET SCORECARD
• SPY: closed near $751.86 today; watch today's session high and low as the immediate technical reference for the next trading day. - NASDAQ (QQQ): $719.69 (Close) | +1.12% • IWM: closed near $294.45 today; watch today's session high and low as the immediate technical reference for the next trading day. • VIX: closed near $16.50 today; watch today's session high and low as the immediate technical reference for the next trading day. - Volume: Light (0.63x average)
TODAY'S WINNERS
- Goldman Sachs (GS): +9.00% to $1140.0, fueled by outstanding Q2 earnings that exceeded expectations and buoyed market enthusiasm. - Intel (INTC): +4.50% to $107.76, following a positive market reception to new chip innovations and strategic growth prospects. - NVIDIA (NVDA): +4.06% to $211.8, continued its upward momentum amid strong demand for AI technology. - Morgan Stanley (MS): +3.20% to $228.16, gained on sector-wide optimism and a favorable earnings outlook. - AMD (AMD): +2.57% to $548.13, boosted by advancements in its semiconductor technologies and favorable market rumors.
TODAY'S LOSERS
- IBM (IBM): -25.21% to $217.07, plummeted due to a disappointing earnings report and reduced future guidance. - Abbott Laboratories (ABT): -3.42% to $88.96, shares declined amidst sector-wide selling pressure in Healthcare. - Accenture (ACN): -2.86% to $134.56, affected by broader IT sector shifts and cautious commentary on macroeconomic headwinds. - Oracle (ORCL): -2.74% to $127.94, weakened as investors weighed potential impacts of slowing enterprise spending. - Merck (MRK): -2.60% to $120.8, saw losses extending on negative sentiment towards Healthcare stocks today.
SECTOR ROTATION ANALYSIS
Today's session saw Technology, Energy, and Financials sectors taking the lead, signaling a risk-on sentiment partially driven by positive earnings and strategic news in tech and finance. Conversely, traditional defensive plays such as Healthcare, Consumer Staples, and Real Estate lagged, highlighting a selective risk-taking posture among investors, likely driven by solid earnings beats.
GEOPOLITICAL & MACRO PULSE
Geopolitical headlines were moderate today, with a key emphasis on tariff discussions as PepsiCo highlighted potential offsets to inflation through tariff refunds. In the energy sector, bullish sentiment was buoyed by a significant soybean oil supply deal. The Federal Reserve's anticipated pause in rate hikes provided a supportive backdrop, as financial markets adjusted with an expectation for continued consumer resilience amid high inflation.
TECHNICAL TAKEAWAYS
- SPY maintained levels above its recent lows, holding strength above the 748 level, indicating positive sentiment near-term. - QQQ remained strong, with the close near $720 confirming resilience above technical supports in the $710-$715 region. - IWM's hold above $290 positions it favorably heading into the next session, with potential resistance near $300.
LOOKING AHEAD
In the next trading session, significant focus will be on earnings releases from Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC), as financial heavyweights report their latest results. With expectations set high following strong industry precedents, these reports could drive substantial market movement, particularly in the Financial sector.
SESSION VERDICT
Today's session was marked by selective accumulation, primarily in Technology and Financials, spurred by robust earnings while light volume indicated cautious optimism.
This edition was published to members after the close on Tuesday, July 14, 2026.
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Archived market commentary from Assets Bulletin, an independent financial publication. Informational only — not investment advice.