U.S. equity markets are displaying a notable divergence during midday trading this Monday, July 13, 2026. While the broader market remains under pressure, a sharp rotation out of high-growth technology names and into the energy sector is defining the day's momentum. Investors appear to be recalibrating their portfolios ahead of a heavy week of economic data and the unofficial kickoff of the second-quarter earnings season.<\/p>\n
As of midday, the tech-heavy Invesco QQQ Trust (QQQ<\/a>), which tracks the Nasdaq 100, is leading the decline with a significant drop of 1.45%. This downward pressure has dragged the State Street SPDR S&P 500<\/a> ETF Trust (SPY<\/a>) down by 0.49%. The blue-chip heavy State Street SPDR Dow Jones<\/a> Industrial Average ETF Trust (DIA<\/a>) is proving more resilient but remains in negative territory, down 0.26%. Meanwhile, small-cap stocks are also feeling the heat, with the iShares Russell 2000 ETF (IWM<\/a>) falling 0.66%.<\/p>\n The internal dynamics of the market show a clear "risk-off" sentiment in growth sectors. The State Street Technology Select Sector SPDR ETF (XLK<\/a>) has slumped 1.78%, while the iShares A.I. Innovation and Tech Active ETF (BAI<\/a>) has plunged 3.90%. Conversely, the energy sector is seeing a massive influx of capital. The United States Oil Fund, LP (USO<\/a>) has surged 4.55%, supported by a 3.36% jump in the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP<\/a>).<\/p>\n The semiconductor industry is facing a difficult session, with the VanEck Semiconductor ETF (SMH<\/a>) falling 3.19%. Micron<\/a> Technology, Inc. (MU<\/a>) is one of the most active laggards, dropping 5.0% on high volume. Industry bellwether Nvidia<\/a> Corp (NVDA<\/a>) is also trading lower, down 1.1% as it struggles to maintain its recent momentum.<\/p>\n In the premarket<\/a> and early trading, several smaller names made explosive moves. Twin Vee PowerCats Co. (VEEE<\/a>) skyrocketed 151.8% on unusual volume, while Q32 Bio Inc. (QTTB<\/a>) gained 63.5%. Agenus Inc. (AGEN<\/a>) also saw a significant rally, climbing 61.6%. On the downside, Tutor Perini Corporation (TPC<\/a>) suffered a major blow, with its stock price tumbling 77.0%.<\/p>\n The market is bracing for the start of the Q2 2026 earnings season, which begins in earnest tomorrow. Today, Fastenal Co (FAST<\/a>) reported its results before the open, while FB Financial Corporation (FBK<\/a>) is scheduled to report after the closing bell.<\/p>\n The focus will shift dramatically on Tuesday, July 14th, as the major banks begin reporting. Investors will be closely watching JPMorgan Chase & Co. (JPM<\/a>), Bank of America Corporation (BAC<\/a>), Goldman Sachs Group Inc. (GS<\/a>), Wells Fargo & Co. (WFC<\/a>), and Citigroup Inc. (C<\/a>). These reports will provide critical insights into the health of the U.S. consumer and the impact of the current interest rate environment on net interest margins.<\/p>\n Later in the week, tech and manufacturing giants like ASML Holding NV (ASML<\/a>), Taiwan Semiconductor Manufacturing Company Ltd. (TSM<\/a>), and NetFlix Inc (NFLX<\/a>) will provide further direction for the currently beleaguered technology sector. With volatility on the rise\u2014evidenced by the 1.02% increase in the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX<\/a>)\u2014market participants remain cautious.<\/p>\n","protected":false},"excerpt":{"rendered":" U.S. equity markets are displaying a notable divergence during midday trading this Monday, July 13, 2026. While the broader market […]<\/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 center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[6824,94],"tags":[95,311,633,3710,4380,5001,5043,5346,5716],"class_list":["post-64713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-market-update","tag-nasdaq","tag-mu","tag-nvda","tag-federal-reserve","tag-stock-market","tag-earnings-season","tag-technology","tag-uso","tag-energy-sector"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=64713"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/64713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=64713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=64713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=64713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Corporate News and Ticker Movements<\/h2>\n
Upcoming Market Events and Earnings<\/h2>\n