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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InFollowing a significant rout in momentum trades last week, confidence returned to US equity markets as trading resumed after the holiday. Nasdaq 100 futures rose 1.1% and S&P 500 futures climbed 0.4% as traders engaged in a post-holiday catch-up. Markets are now closely monitoring Samsung Electronics' preliminary earnings, which are expected to provide critical clues regarding the durability of AI infrastructure demand and broader sector growth.
This technical rebound in tech occurs as mega-cap names show signs of stabilization; META stood at $589.04 and TSLA at $409.74 per market data (close July 06, 2026). Compared to previous quarterly performances, analysts are assessing whether this move signals a return to crowded AI trades or a temporary relief rally. Meanwhile, the Japanese Yen weakened against the Dollar with USD/JPY reaching 162.31, while 10-year Treasury yields eased to 4.46%, providing a neutral backdrop for equities.
At the close of July 06, 2026, MSFT was positioned at $385.88 and AAPL at $313.39. Traders should watch these levels as the market processes upcoming global semiconductor data. While the economic calendar for the next seven days shows limited high-impact US catalysts, the focus remains on technical resistance levels for the Nasdaq and the broader implications of currency volatility on multinational tech earnings.