Market Updates

The latest from the 24/7 Wall St. homepage feed — newest first.

THE SENTIMENT DESK

Redditors crowdsourcing milk and egg prices across America are finding jaw-dropping regional gaps: $6.28 for milk in Hawaii versus over $5 in Pennsylvania dairy country, signaling cost-of-living divergence even within the same supply chains.

xAI's Grok now matches OpenAI's latest code-generation model on the industry's toughest autonomous software engineering test.

RT @teslaownersSV: Grok 4.5 with Grok Build has tied for the #1 spot on the SWE-Atlas-QnA benchmark, matching Codex GPT-5.6 with an impress…
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Personal finance expert Clark Howard is urging families to reject expensive colleges and avoid the decades of financial damage from overextended student loans.

💡 This week on the podcast, Clark shares five words that could save your family from years—even decades—of financial stress: "We can't afford that college." Too many families: 🎓 Max out student loans 📈 Turn to risky private loans with variable interest rates 💸 Sacrifice https://t.co/LwhhZjzgy7
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Musk is positioning xAI's Grok as the most cost-efficient frontier AI model by compute, a direct shot at OpenAI and Google's offerings.

@peterrhague @wholemars Our token efficiency seems to be better than any other AI model and we see many more ways to improve inference per watt, so I think Grok will continue to be the best value for money of the frontier models
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Data Release
10Y-2Y Treasury Yield Spread
+0.35 pp
-3 bp
0.7550.5000.245

Yield curve holding positive at 35 basis points, signaling no imminent inversion risk as recession fears recede from market pricing.

Data Release
2-Year Treasury Yield
4.16%
-5 bp
4.313.823.33

2-year yields just dropped 5 basis points to 4.16%, signaling markets are pricing in softer rate expectations as inflation concerns weigh on Fed policy outlook.

52-week highs
5 stocks hit new 52-week highs this week
  • ANETArista Networks$186.96+5.2%
  • FTNTFortinet$157.51+3.0%
  • PANWPalo Alto Networks$325.91+1.6%
  • NETCloudflare$268.4+1.1%
  • AAPLApple$315.32+0.3%

Five stocks hit 52-week highs this week, led by Arista Networks surging 5.19% above its prior peak as cybersecurity and AI demand reshape tech's leadership.

THE WIRE

A $10,000 stake in NVIDIA at its 1999 IPO is now worth $47 million, a 4,700x haul that marks one of the longest wealth-building runs in stock market history.

THE IPO WIRE
Holtec Nuclear Corp HNUC · Nasdaq

Nuclear Energy IPO Alert

Nuclear startup Holtec just registered for its IPO as AI data centers race to lock in reliable power grids. Nine top-tier banks are underwriting the deal, signaling heavyweight institutional demand for SMR plays betting on the power capacity crunch ahead.

IPO TERMS REVISED
Scribe Therapeutics SCTX · Nasdaq

Scribe Therapeutics amends S-1 ahead of Nasdaq IPO debut under SCTX

CRISPR gene-editing biotech Scribe Therapeutics updated its IPO registration with Nasdaq backing, enlisting Goldman Sachs, Leerink Partners, Guggenheim Securities, and Wells Fargo as lead underwriters for the push toward public markets.

THE IPO WIRE
Apnimed, Inc. APMD · Nasdaq

Sleep apnea biotech Apnimed files to go public on Nasdaq, banking on its oral drug candidate to displace CPAP machines as the market's standard treatment.

Session Movers

Meta jumps 6.13% to lead big tech higher, while Opendoor Technologies plummets over 10% as real estate tech unravels.

Session
close
As Of Date
2026-07-10
CLOSING BELL
U.S. Markets
  • S&P 500+0.40%
  • Dow Jones Industrial Average+0.38%
  • Nasdaq Composite+0.29%

Big bank earnings kick off Tuesday with JPMorgan and Goldman reporting. Stocks finished Friday in the green across the board as traders positioned ahead of the week's most consequential corporate results.

Earnings Calendar

JPMorgan, Goldman Sachs, Citigroup, and Bank of America all report Tuesday morning. Expect street-moving guidance on net interest margins and loan growth after a volatile first half for rates.

MIDDAY
U.S. Markets
  • S&P 500+0.13%
  • Dow Jones Industrial Average+0.09%
  • Nasdaq Composite-0.49%

Nasdaq is down 0.49% while large caps and blue chips stay afloat, signaling early rotation away from growth stocks at session midpoint.

CLOSING BELL
Europe
  • FTSE 100+0.18%
  • DAX-0.13%
  • CAC 40-0.14%

FTSE 100 gained 0.18% to close at record territory while continental peers retreated, extending London's outperformance streak.

Cramer floats a full merger as the path to unlock meaningful stock gains for Microsoft amid friction with its AI partner.

It is such a shame that Microsoft's relationship with OpenAI is so strained. The way that MSFT gets its stock up more than 200 points is to merge with them paid for by a giant equity and debt deal. The real price of OpenAI will start to go down if they don't get a deal done.
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Cramer sees tech mega-cap IPOs and secondary offerings as the real market headwind, not valuations.

Remember, supply can kill the bull, but a lack of supply resuscitates it. If we have no more new supply, like a huge Oracle or Meta deal--then we can break out again...hence why an NVDA can finally move..
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Cramer signals that with SK Hynix's successful listing now absorbed, chip stocks face limited near-term supply headwinds unless a major cloud provider taps the market.

We get this SK Hynix out of the way successfully (underwriters gamed it better) then we have nothing left in terms of big supply unless a hyperscaler shocks us with a secondary
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Cramer ranks semiconductor plays as the bigger wealth creator but maintains conviction that Meta still delivers meaningful returns.

Meta isn't as rewarding as a Micron but it is still real money nonetheless
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Cramer makes the bull case for Big Tech's AI bets: the strategic flexibility these giants own justifies heavy debt loads if their AI investments pay off.

Proud we told club members the change in META model was worth 100 points. It is why it is so hard to leave a Microsoft or an Amazon of a Google. The optionality is insane for these companies even as they take on too much debt. If AI works for them the debt gets paid back very
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