DAILY MARKET BRIEFING 9 JULY 2026
S&P 500 7,543.64 +0.81% NASDAQ 26,206.89 +1.30% DOW 52,487.41 +0.27% RUSSELL 2,992.54 +1.22% FTSE 10,472.50 -0.16% DAX 25,118.27 +0.89% VIX 15.84 -6.27% US 10Y 4.54% -3 bp BTC 63,193.83 +1.50% ETH 1,724.17 -1.06%
U.S. CLOSE EDITION

LASR leads, IONS lags — U.S. market close

SharpeIQ Research Desk · data as of 9 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. LASR led gainers at +27.32%
2 Vol. 5 semis are realizing above implied (HV/IV > 1).
3 Laggards. IONS led decliners at -23.90%.

1 Global Dashboard

Close-to-close moves across US equity indices, rates and crypto. Front-month contracts: Natural Gas -6.23%; Silver +3.81%; Copper +2.65%.

Index / ContractLast1 Day1 Wk1 MoYTD52-Wk RangeTrend
US EQUITY INDICES
S&P 500 7,543.64 +0.81% +0.81% +3.81% +10.20% 6,238.01 7,609.78
Nasdaq Composite 26,206.89 +1.30% +0.64% +1.07% +12.76% 20,585.53 27,093.90
Dow Jones Industrial 52,487.41 +0.27% -0.78% +5.15% +9.20% 43,588.58 53,055.91
Russell 2000 2,992.54 +1.22% -0.67% +4.80% +20.57% 2,166.78 3,024.37
INTERNATIONAL
FTSE 100 (UK) 10,472.50 -0.16% -1.69% +2.12% +5.45% 8,972.60 10,910.60
DAX (Germany) 25,118.27 +0.89% -1.81% +3.81% +2.56% 22,300.75 25,817.89
RATES & VOLATILITY
CBOE VIX 15.84 -6.27% -1.92% -28.71% +5.95% 13.47 31.05
US 10-Year Yield 4.54% -3 bp +6 bp -1 bp +38 bp 3.95% 4.67%
US 30-Year Yield 5.05% -1 bp +9 bp +3 bp +21 bp 4.54% 5.18%
US 5-Year Yield 4.27% -4 bp +4 bp -1 bp +55 bp 3.51% 4.33%
CRYPTO (24H)
Bitcoin 63,193.83 +1.50% +0.17% +0.47% -27.79% 58,558.86 124,752.53
Ethereum 1,724.17 -1.06% -3.08% +0.86% -41.89% 1,564.82 4,831.35
ENERGY
WTI Crude 72.08 -1.96% +4.94% -19.94% +25.53% 55.27 112.95
Brent Crude 76.30 -2.20% +6.27% -16.57% +25.39% 58.92 118.35
Natural Gas 3.01 -6.23% -5.76% -5.43% -18.29% 2.52 7.46
METALS
Gold 4,130.60 +1.47% +0.44% +0.55% -4.51% 3,293.20 5,318.40
Silver 60.38 +3.81% -0.44% -6.53% -13.91% 36.55 115.08
Copper 6.21 +2.65% +1.64% -1.39% +10.39% 4.33 6.65

Table 1. Close-to-close through 9 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 202.78 -0.66% +4.08% +8.74% 39% 51st 40% 1.01
AMD Adv. Micro Devices 546.72 +5.66% +1.08% +155.29% 84% 99th 81% 0.97
AVGO Broadcom 401.11 +3.20% +8.60% +15.89% 50% 75th 68% 1.35
AMAT Applied Materials 588.66 +3.18% -9.56% +129.35% 90% 100th 96% 1.07
TXN Texas Instruments 308.53 +2.39% +3.39% +79.00% 70% 100th 61% 0.87
MU Micron 991.64 +4.52% -3.94% +247.59% 98% 90th 118% 1.21
SNDK SanDisk 1,858.27 +7.59% -8.56% +682.82% 128% 98th 132% 1.03
WDC Western Digital 578.05 +5.04% -3.40% +235.71% 109% 99th 108% 0.99
STX Seagate 890.09 +3.50% -2.74% +223.21% 107% 99th 86% 0.80

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 316.22 +0.90% +16.43%
MSFT Microsoft 384.36 +0.27% -20.34%
GOOGL Alphabet 358.89 -0.84% +14.74%
AMZN Amazon 247.04 +1.40% +7.03%
META Meta Platforms 631.48 +4.70% -4.25%
TSLA Tesla 406.55 +3.17% -9.60%
NFLX Netflix 75.47 -0.16% -19.51%

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

IMPLIED VS REALIZED — SEMIS
404060608080100100120120140140IV = 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
LASR nLIGHT, Inc. 74.71 +27.32%
BBIO BridgeBio Pharma, Inc. 90.17 +15.12%
TXG 10x Genomics, Inc. 43.10 +15.03%
BTDR Bitdeer Technologies Group 14.33 +14.09%
AEHR Aehr Test Systems, Inc. 76.21 +12.26%
ALGM Allegro MicroSystems, Inc. 57.38 +11.49%
TOP LOSERS
TickerNameLast1 Day
IONS Ionis Pharmaceuticals, Inc. 64.27 -23.90%
GVA Granite Construction Incorporated 125.58 -12.50%
STUB StubHub Holdings, Inc. 11.52 -9.29%
NTLA Intellia Therapeutics, Inc. 15.44 -8.31%
UNG United States Natural Gas Fund, LP 10.83 -6.64%
ROAD Construction Partners, Inc. 95.50 -6.28%

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
AMAT Applied Materials, Inc. 90% +0.88% 100th
AMD Advanced Micro Devices, Inc. 84% +0.46% 99th
ATM IV CRUSH
TickerNameATM IVΔ 1 DayIV %ile
SNDK Sandisk Corporation 128% -3.11% 98th
NVDA NVIDIA Corporation 39% -2.23% 51st
MU Micron Technology, Inc. 98% -1.28% 90th
AVGO Broadcom Inc. 50% -1.06% 75th
WDC Western Digital Corporation 109% -0.77% 99th

Table 5. ATM implied-volatility movers across the semiconductor complex — Δ in vol points vs. prior close; percentile over 52 weeks.

5 Insider Filings, Desk Briefing & Week Ahead

Form 4 flow today: 32 buy / 8 sell prints (buy/sell ratio 4.00), led by TSM.

Insider buy/sell ratio today 4.00 parity 1.00
FORM 4 FILINGS
FiledInsider · TitleTickerNameSideSharesValue
07-09 Wang Ying-Lang · SVP TSM Taiwan Semiconductor Manufacturing Company Limited BUY 53 $4K
07-09 Jang Syun-Ming · VP TSM Taiwan Semiconductor Manufacturing Company Limited BUY 47 $4K
07-09 Wu Shien-Yang · SVP TSM Taiwan Semiconductor Manufacturing Company Limited BUY 54 $4K
07-09 Ku Yao-Ching · VP TSM Taiwan Semiconductor Manufacturing Company Limited BUY 46 $4K
07-09 Chuang Juiping · VP TSM Taiwan Semiconductor Manufacturing Company Limited BUY 47 $4K
07-09 Lin Chris Horng-Dar · VP and CIO TSM Taiwan Semiconductor Manufacturing Company Limited BUY 46 $4K

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

DESK BRIEFING
• AMZN — AMAZON COM INC disclosed a material event (SEC 8-K).
• NVDA — French competition authority's Nvidia probe nearing end · Reuters.
• META — French antitrust watchdog orders Meta to resume talks with media groups over publishing fees · Reuters.
• AVGO — Apple to spend $30 billion in Broadcom chips deal that will see Colorado factory expand · Reuters.
• MU — SK Hynix Raises $26.5 Billion In U.S. Listing; Memory Giants Micron, Sandisk Rise · Investor's Business Daily.
• SNDK — Sandisk, Micron Lead Chip Stocks Rally · Investor's Business Daily.
• NVDA — Dow Jones Futures Waver, Oil Prices Rise Amid Iran News; Nvidia, Valero, Dell, SpaceX In Focus · Investor's Business Daily.
• GOOGL — Google Stock: Will Self-Improving AI Models Decide Who Wins Superintelligence Race? · Investor's Business Daily.
THE WEEK AHEAD
WhenEvent
Fri 10 Jul DAL earnings — today
Fri 10 Jul NB earnings — today
Fri 10 Jul HIFS earnings — today
Fri 10 Jul PLG earnings — today
Fri 10 Jul AUC earnings — today
Fri 10 Jul LEDS earnings — today
Fri 10 Jul VMAR earnings — today
Mon 13 Jul FBK earnings — in 3 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 9 JULY 2026