BREAKING: U.S., Iran Swap Attacks Over Strait Of Hormuz With Futures Due
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Stock Market Week Ahead: Watching Big Banks, Warsh, TSMC For Signals
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The U.S. and Iran traded new attacks over the Strait of Hormuz.
Taiwan Semiconductor, Goldman Sachs, JPMorgan Chase, GE Aerospace headline the first big earnings week. Key inflation reports and Federal Reserve Chairman Kevin Warsh also are on tap.
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The stock market had a mixed but generally positive week, even as oil prices rebounded. The S&P 500 and Nasdaq had strong gains while the Dow Jones edged lower, but right at all-time highs.
Cisco Systems ( CSCO), Robinhood Markets ( HOOD), Sandisk ( SNDK), Micron Technology ( MU) and Nvidia ( NVDA) are stocks around buy areas. Meanwhile, Space Exploration Technologies ( SPCX), better known as SpaceX, hit a new low.
Big Earnings, Economic Data
Nvidia chipmaker Taiwan Semiconductor ( TSM) and ASML ( ASML) kick off chip earnings, while Goldman Sachs ( GS), Morgan Stanley ( MS), JPMorgan Chase ( JPM) lead a slew of big banks. GE Aerospace ( GE), UnitedHealth ( UNH), J.B. Hunt Transport Services ( JBHT), United Airlines ( UAL) and American Airlines ( AAL) also are ahead. All are setting up in various fashions.
On Tuesday, investors will get the June CPI inflation report, with PPI inflation on Wednesday. Fed chief Warsh will testify before Congress on those two days.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq-100 futures. Crude oil futures also will start trading then.
Dow futures are indicated slightly lower.
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
Iran News
President Donald Trump launched airstrikes on Iran overnight for the third time in a week. Iran launched drones and missiles vs. U.S. bases in five Arab nations in retaliation, though reportedly with minimal damage.
The latest U.S. strikes came after Iranian forces attacked a containership near the Strait of Hormuz and the Islamic Revolutionary Guard Corps declared Hormuz is closed "until further notice."
But the southern Hormuz route near Oman's coast reportedly remains open. Hormuz traffic is very low though.
Join IBD experts as they analyze leading stocks and the market on IBD Live
Stock Market Rally
The stock market rally had a mixed but generally positive week.
The S&P 500 and Nasdaq had the strongest gains, both clearly above the 50-day line and just topping short-term levels. Both look like they're set up to go higher, but they're still rangebound.
Meanwhile, the Dow Jones dipped, but after hitting a new high. The small-cap Russell 2000 tested its 21-day line, but isn't far from highs either.
The Dow Jones Industrial Average fell 0.5% in last week's stock market trading. The S&P 500 index gained 1.2%. The Nasdaq composite jumped 1.7%. The Russell 2000 declined 0.6%.
universal chart
NASDAQ Composite Index(COMP)
$26281.61
74.72
0.29%
(left-click to pin tooltip)(right-click to deleteright-click to manage)(long-press to drag)(drag to change anchor time)
0ndqc
Date2017-07-23
High6460.84
Low6318.62
Last6374.68
Chg-13.07
Vol9,832,453,292
volume
Provided by Nasdaq Last Sale.
Last update:
Real-time quote and/or trade prices are not sourced from all markets.
07/11/2026 (Market Close)
The Invesco S&P 500 Equal Weight ETF ( RSP) dipped 0.3% after hitting a new high Tuesday.
Chips rose, while many other leading groups ultimately fell slightly to modestly for the week, including airlines, biotechs and software. Banks and transports were little changed.
SpaceX stock tumbled 10.3% to 145.30 for the week, hitting a new post-IPO low on Friday. Shares are now down 34.6% from their 225.64 peak but remain above the SpaceX IPO price of $135.
The 10-year Treasury yield jumped nine basis points to 4.57%.
Crude oil prices rose 4% to $71.41 a barrel, but came well off midweek peaks. Oil futures surged amid U.S.-Iran hostilities and President Donald Trump declaring the Iran ceasefire "over," but faded amid hopes for renewed talks.
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ETFs
Among growth ETFs, the CapForce IBD 50 ETF ( FFTY) fell 1.1% last week. The iShares Expanded Tech-Software Sector ETF ( IGV) sank 1.2%. The VanEck Vectors Semiconductor ETF ( SMH) popped 3.2%. Nvidia, Taiwan Semiconductor and Micron are huge SMH holdings, with ASML a notable position as well.
ARK Innovation ETF ( ARKK) fell 1.2% last week and ARK Genomics ETF ( ARKG) lost 3.7%. Cathie Wood's ARK Invest has a big stake in Robinhood stock.
SPDR S&P Metals & Mining ETF ( XME) shed 1.4% last week. U.S. Global Jets ETF ( JETS) sank 3.4%. The Energy Select SPDR ETF ( XLE) bounced 3.5% and the Health Care Select Sector SPDR Fund ( XLV) retreated 1.8%. The Industrial Select Sector SPDR Fund ( XLI) slipped 1.1%, with GE Aerospace a big position.
The Financial Select SPDR ETF ( XLF) edged up 0.2%, with JPMorgan Chase, Goldman Sachs and Morgan Stanley all notable positions.
Best Growth Stocks To Buy And Watch
Stocks Near Buy Points
Cisco Systems has a new flat base with a 130.37 buy point, according to a weekly MarketSurge chart. This past week, CSCO jumped 7.65% to 121.31, rebounding from the 50-day line and breaking a downtrend, offering an early entry. Cisco boasts a relatively low 21-day average true range of 3.1%. Cisco was Friday's IBD Stock Of The Day.
universal chart
Cisco Systems(CSCO)
$121.31
3.00
2.54%
(left-click to pin tooltip)(right-click to deleteright-click to manage)(long-press to drag)(drag to change anchor time)
csco
Date2024-08-27
High50.84
Low50.40
Last50.71
Chg-0.08
Vol10,243,880
volume
Provided by Nasdaq Last Sale.
Last update:
Real-time quote and/or trade prices are not sourced from all markets.
07/10/2026 (Market Close)
Robinhood stock dipped 0.7% to 111.97 for the week. Shares now have a handle on a deep, nine-month consolidation. The buy point is 120.05.
Nvidia stock leapt 8.3% to 210.96, rebounding from the 200-day and reclaiming its 50-day. Investors could use that as an entry, but NVDA hasn't made progress for several months. Nvidia chipmaker Taiwan Semiconductor will release June sales data on Monday followed by Q2 results on Thursday.
universal chart
NVIDIA(NVDA)
$210.96
8.18
4.03%
(left-click to pin tooltip)(right-click to deleteright-click to manage)(long-press to drag)(drag to change anchor time)
NVDA
Date2024-08-27
High129.20
Low123.88
Last128.30
Chg+1.84
Vol303,134,594
volume
Provided by Nasdaq Last Sale.
Last update:
Real-time quote and/or trade prices are not sourced from all markets.
07/10/2026 (Market Close)
Sandisk stock rallied 9.8% to 1,915.92 after initially gapping below the 50-day and 10-week lines. Shares moved above their 21-day line on Friday.
Micron stock rebounded from its 10-week line but hit resistance at its 21-day line. Getting above that level could offer an entry. Shares edged up 0.4% to 979.30 for the week.
Why This IBD Tool Simplifies The Sear ch For Top Stocks
What To Do Now
The market has generally improved in the past couple of weeks, with solid overall gains and tighter action than in June, at least at the index level.
But trading remains volatile at the stock and sector levels. New buys have been hard to find and hold.
Even so, many new bases and bullish pullbacks are forming thanks to the S&P 500 and Nasdaq ranges over the past several weeks. Investors should be building up their watchlists.
It's OK to make some incremental buys. If the market rally is starting to regain momentum, you don't want to wait until the train leaves the station. But be ready to exit new holdings if they falter.
Don't chase extended stocks or stocks that are falling or still basing, such as SpaceX.
Earnings season is back. Along with key economic data and Iran headlines, investors should be ready for more whipsaw action.
And, of course, Iran news could return as a market headwind, especially if oil prices soar back toward $100.
Taiwan Semiconductor stock, Micron and ASML are on the IBD 50. Micron stock is on the IBD Big Cap 20.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
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