High-yield credit is starting to push back against the stock market’s resilience. The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE Arca: HYG) has slipped nearly 1% in July and is headed for another down month, which would make it three declines in a row and five in the past six months. Wolfe Research says “the bond market looks worried,” with HYG’s March lows potentially back in play. Stocks are still rotating near highs, while junk debt is trading like investors are getting more selective about risk.
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The S&P 500 and Nasdaq Composite have turned lower on the day, with both indexes down fractionally. Chip stocks have been pressuring the broader tech sector, with Advanced Micro Devices (Nasdaq: AMD) falling 7%, Teradyne (Nasdaq: TER) down 5.5% and Micron Tech (Nasdaq: MU) losing 4.5% on China’s competitive threat.
The following technology companies are lined up to report their quarterly earnings this week. Here’s where there stocks are faring YTD:
Apple (Nasdaq: AAPL) up 24.59% for a market cap of $4.9 trillion.
Microsoft (Nasdaq: MSFT) down 18.7%
Amazon (Nasdaq: AMZN) up 1.04%
Meta (Nasdaq: META) down 8.3%
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This article will be updated throughout the day, so check back often for more daily updates. The markets are pulling back today with the U.S.-Iran conflict showing no signs of cooling in sight. All…
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Oil is surging, chip stocks are cratering, and the Fed is about to make a decision that could set the tone for markets through the rest of 2026. Here is what traders are watching…
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