{"id":64589,"date":"2026-07-10T17:07:12","date_gmt":"2026-07-10T21:07:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-sectors-edge-higher-as-markets-await-major-bank-earnings\/64589\/"},"modified":"2026-07-10T17:07:12","modified_gmt":"2026-07-10T21:07:12","slug":"tech-and-ai-sectors-edge-higher-as-markets-await-major-bank-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tech-and-ai-sectors-edge-higher-as-markets-await-major-bank-earnings\/64589\/","title":{"rendered":"Tech and AI Sectors Edge Higher as Markets Await Major Bank Earnings"},"content":{"rendered":"<p>The U.S. stock market showed resilient but cautious trading on Friday, July 10th, 2026, as investors balanced enthusiasm for artificial intelligence with the looming start of the second-quarter earnings season. While major indexes remained near record levels, the session was characterized by narrow trading ranges as Wall Street prepares for a heavy slate of financial sector reports due next week.<\/p>\n<h2>Market Index Performance Recap<\/h2>\n<p>As of mid-day trading, the major market indexes are posting modest gains. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"\/stock\/DIA\">DIA<\/a>) is leading the pack with a 0.1% increase, reflecting a slight rotation into blue-chip value names. The tech-heavy Nasdaq Composite (<a href=\"\/stock\/QQQ\">QQQ<\/a>) is up 0.07%, supported by continued strength in the semiconductor and software sectors. Meanwhile, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> (<a href=\"\/stock\/SPY\">SPY<\/a>) has edged up by 0.05%, and the Russell 2000 (<a href=\"\/stock\/IWM\">IWM<\/a>) is essentially flat with a 0.01% gain.<\/p>\n<p>In the bond market, yields have softened slightly, with the iShares 7-10 Year Treasury Bond ETF (<a href=\"\/stock\/IEF\">IEF<\/a>) rising 0.03%. In commodities, precious metals are seeing a bid as the iShares <a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a> Trust (<a href=\"\/stock\/SLV\">SLV<\/a>) climbed 0.35% and the SPDR <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> Trust (<a href=\"\/stock\/GLD\">GLD<\/a>) rose 0.25%. Conversely, energy prices are under pressure, with the United States Oil Fund (<a href=\"\/stock\/USO\">USO<\/a>) sliding 0.23%.<\/p>\n<h2>Major Stock News and Corporate Developments<\/h2>\n<p>The artificial intelligence trade remains the primary engine for market momentum. Meta Platforms, Inc. (<a href=\"\/stock\/META\">META<\/a>) has been a standout performer today, jumping 4.6% following reports of increased efficiency in its latest AI-driven advertising tools. In the semiconductor space, <a href=\"https:\/\/stockmarketwatch.com\/stock\/MU\" data-internallinksmanager029f6b8e52c=\"20\" title=\"Stock: MU\">Micron<\/a> Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) saw high activity but dipped 2.6% as some traders locked in profits following a recent rally.<\/p>\n<p>In the <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> and early session, Wd-40 Co (<a href=\"\/stock\/WDFC\">WDFC<\/a>) surged 21.6% after reporting quarterly results that significantly beat analyst expectations on both the top and bottom lines. On the speculative side, Global Mofy AI Limited (<a href=\"\/stock\/GMM\">GMM<\/a>) skyrocketed 199.6% on massive volume following a strategic partnership announcement.<\/p>\n<p>Conversely, Tutor Perini Corporation (<a href=\"\/stock\/TPC\">TPC<\/a>) faced a difficult session, tumbling 76.5% after a surprise announcement regarding a dilutive secondary offering and a downward revision of its annual guidance. Other notable movers include Circle Internet Group, Inc. (<a href=\"\/stock\/CRCL\">CRCL<\/a>), which rose 12.3% amid renewed optimism in the digital payment infrastructure space.<\/p>\n<h2>Upcoming Market Events and Earnings Outlook<\/h2>\n<p>Investors are keeping a close eye on the &quot;Big Bank&quot; earnings scheduled for next week, which will serve as a litmus test for the health of the U.S. consumer and the impact of the Federal Reserve&#39;s current interest rate policy.<\/p>\n<p>On Monday, July 13th, Fastenal Co (<a href=\"\/stock\/FAST\">FAST<\/a>) will report before the open. However, the real test begins on Tuesday, July 14th, with a wave of major financial institutions reporting before the opening bell, including JPMorgan Chase &amp; Co. (<a href=\"\/stock\/JPM\">JPM<\/a>), Bank of America Corporation (<a href=\"\/stock\/BAC\">BAC<\/a>), Goldman Sachs Group Inc. (<a href=\"\/stock\/GS\">GS<\/a>), Wells Fargo &amp; Co. (<a href=\"\/stock\/WFC\">WFC<\/a>), and Citigroup Inc. (<a href=\"\/stock\/C\">C<\/a>).<\/p>\n<p>Later in the week, the focus will shift back to technology and manufacturing. ASML Holding NV (<a href=\"\/stock\/ASML\">ASML<\/a>) is set to report on Wednesday, July 15th, providing critical insight into global chip-making demand. On Thursday, July 16th, the market will digest results from Taiwan Semiconductor Manufacturing Company Ltd. (<a href=\"\/stock\/TSM\">TSM<\/a>) and Netflix Inc (<a href=\"\/stock\/NFLX\">NFLX<\/a>), the latter of which will report after the market close. These reports will be pivotal in determining if the current valuations for high-growth tech stocks like <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>), <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>), and Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) are sustainable through the second half of 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market showed resilient but cautious trading on Friday, July 10th, 2026, as investors balanced enthusiasm for artificial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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