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The Morningstar US Market Index rose 1.1% for the week ended July 10. See how energy and tech gains compared to sector losses and rising Treasury yields.
The Morningstar US Market Index rose 1.1% during the trading week ended July 10, as gains in energy and technology stocks offset broader market volatility [1]. With 53% of US-listed companies finishing the week lower, the modest index gain highlights a divergence between high-performing sectors and a cooling small-cap segment [1].
| At a glance | |
|---|---|
| US Market Index | +1.1% |
| 10-Year Treasury Yield | 4.56% |
| Energy Sector | +3.40% |
| Small-Cap Stocks | -0.99% |
The week’s market activity was defined by a clear preference for energy and technology, which climbed 3.40% and 3.32%, respectively [1]. Conversely, basic materials and healthcare lagged, falling 2.46% and 1.71% [1]. This sector-specific movement occurred alongside a rise in interest rates; the 10-year US Treasury yield climbed to 4.56% from 4.49% the previous week, while the 2-year Treasury yield rose to 4.21% from 4.14% [1].
Market participants also saw a notable split in capitalization performance. Large-cap stocks outperformed with a 1.52% gain, while small-cap stocks struggled, recording a 0.99% decline [1]. Crude oil prices provided a significant tailwind for the energy sector, with West Texas Intermediate rising 4.65% to $71.58 per barrel [1]. Meanwhile, Comex gold prices retreated 0.55% to $4,090.60 [1].
Among the top performers covered by analysts, Rapid7 led the week with a 20.01% gain, despite having fallen 55.41% over the past 12 months [1]. Hewlett Packard Enterprise followed with a 17.73% weekly increase, building on a 98.36% gain over the last three months [1]. On the downside, Ionis Pharmaceuticals was the week’s worst performer, dropping 28.8% to close at $58.25, which sits at a 29% discount to its fair value estimate [1]. Solstice Advanced Materials also faced pressure, declining 23.6% to $61.30 [1].
The market remains in a state of flux as investors weigh rising Treasury yields against sector-specific growth. Whether the current momentum in large-cap technology and energy can sustain the broader index will depend heavily on the upcoming inflation prints and the start of the corporate earnings season.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Sep 9, 2026 · How we report
Since 1985, the S&P 500 has entered correction territory about once every two years and bear market territory about once every eight years. The Nasdaq Composite has experienced corrections approximately every 18 months and bear markets every five years.
A high CAPE ratio indicates that the Stock Market is at a historically expensive valuation, which may reflect investor expectations for significant future earnings growth. It does not serve as a definitive signal that a crash or recession is imminent.
The S&P 500 has historically returned a median of 17% in the 12 months following its first close in bear market territory. The Nasdaq Composite has historically returned a median of 40% over the same 12-month period following a bear market entry.