News Bulletin
Friday, July 10, 2026
Evening Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Friday, July 10, 2026 |
||||
|
13:10 |
U.S. Baker Hughes Oil Rig Count |
445.00 |
|
445.00 |
|
13:10 |
U.S. Baker Hughes Total Rig Count |
581.00 |
|
580.00 |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
52,637.01 |
50,898.96 |
48,607.20 |
|
NASDAQ |
26,281.61 |
26,048.49 |
23,791.66 |
|
S&P 500 |
7,575.39 |
7,433.12 |
6,964.77 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC:
After Market Close)
|
COMPANY |
EPS Act |
EPS
Fore |
Rev
Act |
Rev
Fore |
Mkt Cap |
Time |
|
ProgressivePGR:US |
|
3.81 |
|
21.69B |
$135.26B |
|
|
Delta Air LinesDAL:US |
1.56 |
1.49 |
17.7B |
17.43B |
$43.93B |
AM |
|
WD-40WDFC:US |
|
- |
|
- |
$3.34B |
|
|
Washington FederalWAFD:US |
|
0.76 |
|
191.74M |
$3.02B |
|
Market News:
Wall Street on Friday ended higher, with
the spotlight on the blockbuster U.S. listing of South Korea’s SK Hynix, which closed nearly 13% above its offering price on
the Nasdaq.
Markets also advanced for the first full
trading week of July, helped by a rebound in chip stocks, with traders largely
looking past the biggest escalation in tensions between the U.S. and Iran since
they inked an interim peace deal last month. President Donald Trump reiterated
that Tehran had asked for a continuation of talks, though he also said a
ceasefire between the two sides was over.
The benchmark S&P 500 index climbed
0.4% to finish at 7,573.79 points, the tech-heavy NASDAQ Composite gained 0.3%
to settle at 26,281.61 points, and the blue-chip Dow Jones Industrial Average
added 0.3% to conclude at 52,637.09 points.
Biggest ever U.S. listing by a foreign
company
A new trillion-dollar firm became
available for trading for U.S. investors on Friday, after South Korean tech
giant SK Hynix debuted on the Nasdaq. The company offered 17.79 million shares
represented by American depositary shares, with each ADS standing for one-tenth
of a common share. After pricing the shares at $149 and subsequently raising
$26.5 billion in the biggest U.S. listing by a foreign firm, SK Hynix opened at $170, and finally ended 12.8% higher at
$168.01.
SK Hynix,
larger rival Samsung Electronics, and U.S. company
Micron Technology are the biggest manufacturers of conventional Dynamic Random
Access Memory (DRAM) and High Bandwidth Memory (HBM) chips used in computers
and to power artificial intelligence processes. Soaring demand for the latter
in particular after the AI boom has led to a supply crunch and surging prices
for memory and for computing power.
According to research firm Counterpoint,
SK Hynix held the number two and number one spot in
the global DRAM and HBM market share, respectively, in Q1 2026. The South
Korean firm is also one of AI chip behemoth Nvidia’s
biggest suppliers of HBM. The Jensen Huang-led company’s stock rose 4%, helped
by SK Hynix’s blockbuster debut. Meanwhile, Micron
shares fell 1.2%.
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