NDW Morning Update Video – July 6, 2026.

• U.S. and international equities were mixed Thursday (7/2), though most finished the week positive.
• The Dow Jones Industrial Average ([.DJIA]) led the way to the upside, up 1% Thursday, as the index rallied near 53,000, while the Nasdaq-100 ([NDX]) led to the way to the downside, down 1.6%. NDX, along with the Russell 2000 ([RUT]), reversed into Os on their default point and figure trend chart, but both continue to maintain buy signals.
• A notable divergence within international markets Thursday with the iShares MSCI EAFE ETF ([EFA]) leading all indices, up 1.3%, while the iShares MSCI Emerging Markets ETF ([EMM]) fell more than 1%. EEM’s chart continued lower in its current column of Os on its default point and figure chart, forming a double bottom and potential sell signal for the first time in 12 months or more.
• After seeing the bullish percent for the S&P 500 ([^BPSPX]) reverse into Xs on the first trading day of July, the long-term positive trend for the large cap index [^PTSPX] returned to bull confirmed status for the first time since late 2024. In addition to highlighting a slight increase in large cap stocks maintaining buy signals, the ^PT’s move higher shows stocks are also seeing trends change back to positive.
• This week will kick off the beginning stages of Q2 earnings season with the likes of Pepsi ([PEP]) and Delta Air Lines ([DAL]) reporting this Thursday (7/9) and Friday (7/10).
• South Korean chip maker, SK Hynix, announced Monday (7/6) it will be listing ADRs on Nasdaq.
• Fed minutes are due to be released this coming Wednesday (7/8).

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