About the Market—Market Thermometer | July 11, 2026
💹 Major Index Movements (US Market: July 10, 2026 Closing)
📈 S&P 500: 7,575.39 (+0.42% from previous day)
📈 Nasdaq Composite: 26,281.61 (+0.29% from previous day)
📈 NY Dow: 52,637.01 (+0.29% from previous day)
📉 Russell 2000 (Small/Mid-cap): 2,977.81 (-0.49% from previous day)
📉 VIX Index (Fear Index): 15.03 (-5.11% from previous day)
📈 US 10-Year Treasury Yield: 4.56% (+0.02 points from previous day)
📉 USD/JPY: 161.70 yen (-0.42% from previous day)
📉 WTI Crude Oil Futures: $71.41 (-0.93% from previous day)
📉 Gold Futures: $4,113.70 (-0.65% from previous day)
🇺🇸 US Market Summary
Expectations for AI-related sectors continue to support the market, with the three major indices—the S&P 500, Nasdaq Composite, and NY Dow—all rising.
As South Korea's SK Hynix finished its first day of trading on the US market 13% above its offering price, expectations for AI-related memory demand were once again highlighted.
On the other hand, the Russell 2000 declined, suggesting that rather than a broad-based rally, the gains were highly selective, centered on AI and large-cap technology stocks.
While crude oil prices fell, the US 10-year Treasury yield rose. Market attention is shifting toward the US CPI to be announced next week and the upcoming earnings season.
🇯🇵 Impact on the Nikkei Stock Average at the Start of the Week
Tailwinds
Expectations for AI and memory-related sectors remain strong in the US market, which may serve as a supporting factor for semiconductor and AI-related stocks in the Japanese market at the start of the week.
The fact that the S&P 500 and Nasdaq Composite are maintaining high levels is also likely to provide a floor for investor sentiment.
The decline in crude oil prices acts as a tailwind for industries sensitive to energy costs, such as transportation, chemicals, and electric power.
Headwinds
The 10-year US Treasury yield is rising, which may lead to profit-taking in high-P/E growth stocks.
The dollar-yen pair has moved toward a stronger yen, reaching the high 161 range; if this trend continues, it is likely to weigh on export-related stocks such as automobiles and machinery.
Additionally, since the Russell 2000 is falling, it is important to note that the rise in the US market is not broad-based risk-on sentiment.
If there are significant movements in the Middle East situation or exchange rates over the weekend, new information released over the weekend may be reflected more strongly in Monday's opening than the factors that drove the US market higher.
📌 Key Events to Watch at the Start of the Week
🇯🇵 Japan
Trends in the dollar-yen exchange rate and Nikkei 225 futures at the start of the week
Whether the strength of AI and semiconductor-related stocks observed in the US market will spill over into Japanese stocks
🇺🇸 United States
Market position adjustments ahead of the US CPI release on July 14
Earnings announcements from major US banks and others, which will begin in earnest next week
Statements from Fed officials and the outlook for monetary policy
Weekend headlines regarding the Middle East situation and the Strait of Hormuz
The US CPI is scheduled for July 14, and major bank earnings are scheduled from July 14 to 15.
Changes in the Middle East situation and the dollar-yen exchange rate over the weekend are likely to be key points influencing Monday's opening.🌱
📌 Disclaimer
This article is for informational purposes only and does not recommend the buying or selling of any specific stock. Please make investment decisions at your own risk.
