# S&P 500 Heads for Winning Week

**Published:** 2026-07-10T01:11:28.832Z  
**Topic:** S P 500  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/8364e6f6-1e5a-4a3f-aff2-6625bfee60f7

S&P 500 futures trade 0.10% higher, on track for eighth straight weekly gain, as investors assess easing treasury yields and US-Iran talks, with Dow Jones

US stock futures climbed on Friday, gaining up to 0.20% as investors assessed the ease in treasury yields and the efforts to de-escalate the war in the Middle East [1]. The S&P 500 futures traded 0.10% higher, putting the index on its best weekly run since 2023, with the index on track for an eighth consecutive weekly gain, according to a Reuters report [1].

| At a glance | |
|---|---|
| S&P 500 futures | 0.10% higher |
| Dow Jones futures | 0.22% higher |
| Nasdaq futures | 0.06% higher |
| 2-year Treasury yields | highest level since February 2025 |

## Market Reaction
The market reaction was driven by hopes for a deal between the US and Iran that could turn the fragile ceasefire into a lasting peace agreement, fueling optimism on Wall Street [1]. The S&P 500 was set for an eighth straight week of gains, following an 18% rebound from war-fuelled lows [1]. Meanwhile, two-year Treasury yields climbed to their highest level since February 2025 after Federal Reserve Governor Christopher Waller signalled that the next move in interest rates could be just as likely to be a hike as a cut [1].

The recent rally in the stock market was also fueled by a report from The Wall Street Journal stating that the Trump administration was awarding $2 billion in grants to nine quantum-computing companies, of which IBM is expected to receive nearly $1 billion [1]. IBM shares gained another 5% to hit a three-month high of $264.38, a day after surging 12% [1]. Nvidia shares continued to remain flat at $217 per share, even after the company posted record performance in the first quarter of 2026, with net profit jumping to $58.3 billion, or $2.39 per share [1].

## What to Watch
* The next US listing of SK Hynix on Friday, with the South Korea chipmaker pricing its American depository receipts at $149 each [2]
* Second-quarter results from Delta Air Lines, due Friday morning [2]
* The US consumer sentiment index, which fell in May to a record low [1]

The real significance of the current market trend lies in the ability of the S&P 500 to sustain its winning streak, with the index on track for its longest streak of weekly gains since 2023 [1]. As investors continue to monitor developments in the Middle East and the US economy, the next few weeks will be crucial in determining the direction of the market.

## Sources
1. Mint — [US Stock Market Today Live Updates: S&P 500 set for best weekly run since 2023; US-Iran peace talks in focus](https://www.livemint.com/market/stock-market-news/us-stock-market-today-live-updates-dow-sp-500-nasdaq-wall-street-latest-updates-on-may-22-2026-11779447612247.html)
2. CNBC — [Stock futures are little changed as S&P 500 heads for winning week: Live updates](https://www.cnbc.com/2026/07/09/stock-market-today-live-updates.html)
3. CNBC — [S&P 500 closes higher as chip stocks rise and oil prices slide](https://www.cnbc.com/2026/07/08/stock-market-today-live-updates.html)

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Cite as: TrendWatcher, "S&P 500 Heads for Winning Week", https://www.trendwatcher.in/article/8364e6f6-1e5a-4a3f-aff2-6625bfee60f7