From the Desk - Economic Commentary
Brandon Casey, Member Strategies - 7/7/2026
U.S. equity markets are trading lower this morning as investors rotate out of artificial intelligence-related stocks following a strong rally in the technology sector. The Nasdaq and S&P 500 are under pressure, while the DJIA reached a new record high this morning before turning negative. Rising Treasury yields and a modest increase in oil prices are also contributing to a more cautious tone, although the broader market continues to be supported by expectations that the Federal Reserve may remain on hold following last week's softer labor market data.
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