Most equity indices were higher on the day.
Below are highlights from the NDW Morning Update Video for the morning of 7/7/2026. Access the the video on the NDW Morning Update Video page.
- Markets pushed higher to start the week, with the S&P 500 rising 0.72% on Monday. Meanwhile, the "average stock," represented by the S&P 500 equal weight index, was relatively flat. Still, SPX remains on a sell signal, while SPXEWI completed its fourth consecutive buy signal last week.
- Technology was one of the day’s biggest winners, seeing the Technology Select Sector SPDR ETF (XLK) rise 1.67%. Technology continues to sit at the top of DALI's sector rankings, but XLK lost its near-term market relative strength last week.
- Cryptocurrencies also lifted off on Monday, with the iShares Bitcoin Trust ETF (IBIT) rising 3.58%, leaving the fund 10% above its late-June lows. That said, Bitcoin continues to lack long-term strength, demonstrated by IBIT’s weak fund score of just 0.18.
- Financials continued their recent hot streak, with banks leading the group higher. The Invesco KBW Bank ETF (KBWB) rose 1.92% on the day, and improvement within the subgroup has caused KBWB's fund score to increase to 5.70. The broader financials sector also climbed to fourth in DALI's rankings near the end of Q1.
- Commercial airlines have quietly been among the market’s best-performing areas, and Monday saw the U.S. Global Jets ETF (JETS) rise another 0.42%. With fuel prices starting to creep down and strength returning, its fund score is also up to a near-perfect 5.82.
