DAILY MARKET BRIEFING 7 JULY 2026
S&P 500 7,518 -0.2% NASDAQ 25,819 -1.2% DOW 52,910 -0.3% RUSSELL 2,982 -0.9% FTSE 10,666 +0.1% DAX 25,465 -1.4% VIX 15.60 +0.2% US 10Y 4.53% +7 bp BTC 64,064 -0.1% ETH 1,765 -0.9%
U.S. CLOSE EDITION

AGIO leads, ABTC lags — U.S. market close

SharpeIQ Research Desk · data as of 7 Jul 2026 close

A close-to-close read on the latest session across US equity indices, rates, commodities, the semiconductor complex and options volatility, with notable insider filings and headlines.

1 Movers. AGIO led gainers at +17.7%
2 Vol. 3 semis are realizing above implied (HV/IV > 1).
3 Laggards. ABTC led decliners at -23.0%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month energy and metals contracts, close-to-close.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,518 -0.2% +0.8% +0.1% +9.8% 6,344 7,613
Nasdaq Composite 25,819 -1.2% -0.0% -3.8% +11.1% 20,413 27,094
Dow Jones Industrial 52,910 -0.3% +0.4% +1.8% +10.1% 44,786 53,056
Russell 2000 2,982 -0.9% -0.9% +1.6% +20.2% 975.9 3,024
INTERNATIONAL
FTSE 100 (UK) 10,666 +0.1% +0.1% +1.6% +7.4% 9,117 10,911
DAX (Germany) 25,465 -1.4% -0.5% +2.2% +4.0% 22,301 25,818
RATES & VOLATILITY
CBOE VIX 15.60 +0.2% -7.4% -4.9% +4.3% 13.47 31.05
US 10-Year Yield 4.53% +7 bp +16 bp +5 bp +37 bp 3.95% 4.67%
US 30-Year Yield 5.04% +7 bp +18 bp +7 bp +20 bp 4.54% 5.18%
US 5-Year Yield 4.26% +7 bp +11 bp +7 bp +53 bp 3.51% 4.33%
CRYPTO (24H)
Bitcoin 64,064 -0.1% +4.1% -2.5% -26.8% 58,534 110,640
Ethereum 1,765 -0.9% +3.9% -1.4% -40.5% 1,562 3,911
ENERGY
WTI Crude 70.46 +2.4% +2.9% -7.1% +22.7% 55.27 113.6
Brent Crude 72.51 +0.9% -0.6% -22.1% +19.2% 58.92 118.3
Natural Gas 3.29 +1.3% +2.9% +1.0% -10.8% 2.52 7.46
METALS
Gold 4,156 -0.8% +0.8% -4.6% -3.9% 3,337 5,318
Silver 61.42 -2.2% +0.8% -12.5% -12.4% 38.03 115.1
Copper 6.20 -0.0% +0.1% -1.0% +10.1% 4.33 6.65

Table 1. Close-to-close through 7 Jul. Rate changes in basis points; crypto is 24-hour; commodities are front-month contracts. Trend = trailing two weeks.

2 Semiconductors & Technology

Semiconductor and megacap-tech price action by horizon.

SEMICONDUCTOR COMPLEX — PRICE & VOLATILITY
TickerNameSpot1 Day1 WkYTDATM IVIV %ile30d HVHV/IV
NVDA NVIDIA 195.6 -0.0% +1.0% +4.9% 41% 60th 28% 0.67
AMD Adv. Micro Devices 522.4 -5.4% -3.2% +143.9% 85% 100th 82% 0.97
AVGO Broadcom 370.8 -0.8% -0.5% +7.1% 50% 74th 66% 1.32
AMAT Applied Materials 554.5 -6.5% -20.2% +116.0% 89% 100th 97% 1.09
TXN Texas Instruments 293.3 -3.4% +2.7% +70.2% 69% 100th 63% 0.91
MU Micron 938.4 -4.7% -12.4% +228.9% 101% 93th 119% 1.18
SNDK SanDisk 1,744 -4.5% -14.9% +634.9% 135% 99th 131% 0.97
WDC Western Digital 532.1 -7.9% -18.4% +209.0% 112% 100th 110% 0.98
STX Seagate 827.6 -4.7% -14.6% +200.5% 105% 100th 85% 0.81

Table 2. Price by horizon + at-the-money implied vol (≈30-day, annualized), 52-week IV percentile, trailing 30-session realized vol and HV/IV. HV/IV > 1.0 (highlighted) = realizing more than implied. Memory/storage tickers highlighted.

MEGACAP TECHNOLOGY
TickerNameSpot1 DayYTDTrend
AAPL Apple 312.7 0.0% +15.1%
MSFT Microsoft 388.8 +0.5% -19.4%
GOOGL Alphabet 367.0 +0.2% +17.3%
AMZN Amazon 246.0 +0.8% +6.6%
META Meta Platforms 615.6 +2.5% -6.7%
TSLA Tesla 419.8 +6.7% -6.7%
NFLX Netflix 76.18 +0.2% -18.8%

Table 3. Same conventions as Table 2 (price only).

IMPLIED VS REALIZED — SEMIS
2020404060608080100100120120140140IV = HV · parityNVDAAMDAVGOAMATTXNMUSNDKWDCSTX Implied volatility (%) 30-day realized vol (%)
Figure 1. Above the dashed parity line = realizing more than options imply. Memory/storage highlighted.

3 Session Movers

The session's largest one-day moves in the liquid optionable universe.

TOP GAINERS
TickerNameLast1 Day
AGIO Agios Pharmaceuticals, Inc. 44.01 +17.7%
VKTX Viking Therapeutics, Inc. 42.13 +8.8%
SEDG SolarEdge Technologies, Inc. 56.91 +8.6%
TRVI Trevi Therapeutics, Inc. 19.50 +8.6%
NET Cloudflare, Inc. 268.8 +8.6%
BCRX BioCryst Pharmaceuticals, Inc. 10.99 +8.1%
TOP LOSERS
TickerNameLast1 Day
ABTC American Bitcoin Corp 6.52 -23.0%
MIDD The Middleby Corporation 139.3 -22.3%
TE T1 Energy Inc. 6.95 -19.7%
RIVN Rivian Automotive, Inc. 16.49 -18.1%
UCTT Ultra Clean Holdings, Inc. 90.78 -14.0%
COHU Cohu, Inc. 50.97 -13.2%

Table 4. Largest one-day moves, liquid U.S. optionable universe (known market cap ≥ $2B). Bars scaled within each panel.

4 Options & Implied Volatility

ATM implied-volatility movers and the semiconductor vol board.

ATM IV RISERS
TickerNameATM IVΔ 1 DayIV %ile
WDC Western Digital Corporation 112% +3.5% 100th
SNDK Sandisk Corporation 135% +2.9% 99th
NVDA NVIDIA Corporation 41% +2.5% 60th
MU Micron Technology, Inc. 101% +1.7% 93th
AMD Advanced Micro Devices, Inc. 85% +0.8% 100th
ATM IV CRUSH
TickerNameATM IVΔ 1 DayIV %ile
STX Seagate Technology Holdings plc 105% -1.7% 100th
TXN Texas Instruments Incorporated 69% -0.5% 100th
AMAT Applied Materials, Inc. 89% -0.1% 100th
AVGO Broadcom Inc. 50% +0.4% 74th
AMD Advanced Micro Devices, Inc. 85% +0.8% 100th

Table 5. ATM implied-volatility movers, full universe (2,946 tickers) — Δ in vol points vs. prior close; percentile over 52 weeks.

5 Insider Filings, Desk Briefing & Week Ahead

Notable Form 4 insider transactions filed with the SEC.

Insider buy/sell ratio today 0.03 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
07-07 Sankar Shyam · See Remarks PLTR Palantir Technologies Inc. BUY 35,000 —
07-07 Sankar Shyam · See Remarks PLTR Palantir Technologies Inc. SELL 35,000 $4.5M
07-07 Sankar Shyam · See Remarks PLTR Palantir Technologies Inc. SELL 150,000 $19.5M
07-07 BECHTOLSHEIM ANDREAS · 10% Owner ANET Arista Networks, Inc. SELL 4,113 $647K
07-07 BECHTOLSHEIM ANDREAS · 10% Owner ANET Arista Networks, Inc. SELL 8,302 $1.3M
07-07 BECHTOLSHEIM ANDREAS · 10% Owner ANET Arista Networks, Inc. SELL 25,845 $4.1M

Table 6. Notable Form 4 filings; value = reported transaction value.

DESK BRIEFING
• GOOGL — Google, RWE back Proxima Fusion in €411 million financing round · Reuters.
• META — Meta says US states are seeking $1.4 trillion in penalties in August youth safety trial · Reuters.
• AMD — Goldman Sachs resets AMD stock price target for the rest of 2026 · TheStreet.
• RIVN — Rivian Automotive (RIVN) Could Be 9% Undervalued On Its 75 Million Share Offering · Simply Wall St..
• WDC — Is Western Digital (WDC) Cheap Following Its AI Driven Index Shift? · Simply Wall St..
• NFLX — Netflix (NFLX) Stock May Be Below Fair Value Despite Raised Cash Flow Guidance · Simply Wall St..
• STX — Seagate (STX) Stock Trades At A Premium As Its 14x Run Tests Fair Value · Simply Wall St..
• TSLA — Tesla (TSLA) Launches Miami Robotaxi Service, Is The Upside Already Priced In? · Simply Wall St..
THE WEEK AHEAD
WhenEvent
Wed 8 Jul LEVI earnings — tomorrow
Wed 8 Jul PSMT earnings — tomorrow
Wed 8 Jul AZZ earnings — tomorrow
Wed 8 Jul NRIX earnings — tomorrow
Wed 8 Jul HELE earnings — tomorrow
Wed 8 Jul PCYO earnings — tomorrow
Thu 9 Jul PEP earnings — in 2 days
Thu 9 Jul WDFC earnings — in 2 days

Table 7. Upcoming earnings, next three weeks.

For informational purposes only — not investment advice, a recommendation, or an offer to buy or sell any security. Data may contain errors or omissions.

DAILY MARKET BRIEFING sharpeiq.com/research 7 JULY 2026