Sasha Jovanovic
3 min read
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The Morning Bull – US Market Morning Update Friday, Jul, 10 2026
US stock futures are pointing slightly higher this morning, with S&P 500 contracts up about 0.2%, as investors weigh stubbornly high bond yields and softer signs from consumer borrowing. The US 10 year Treasury yield is holding near 4.6%, which keeps the cost of mortgages, car loans, and business borrowing elevated and keeps talk of at least one more Federal Reserve rate hike alive. At the same time, US consumer credit in May slipped by about US$0.2b, hinting that households may be pulling back on new debt. The key question now is whether higher borrowing costs start to cool spending enough to pressure consumer focused companies while putting rate sensitive sectors such as banks and real estate in the spotlight.
With borrowing costs still elevated, focus on sturdier balance sheets using our solid balance sheet and fundamentals stocks screener (47 results).
Top Movers
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Lumentum Holdings (LITE) jumped 11.13% after CEO commentary highlighted business trends and outlook in a media interview.
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Hewlett Packard Enterprise (HPE) climbed 9.94% as the company outlined plans to expand AI infrastructure offerings.
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Cerebras Systems (CBRS) gained 9.25% following announcements of expanded manufacturing and European AI data center capacity.
Is Cerebras Systems still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
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Costco Wholesale (COST) fell 4.21% after investors reacted to June sales details and mixed retail commentary.
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Cincinnati Financial (CINF) declined 3.38% following an analyst downgrade to Market Perform with an updated price target.
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Alnylam Pharmaceuticals (ALNY) declined 3.31%.
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On The Radar
Investors will be watching a mix of US fiscal data, global inflation signals, and an airline earnings update.
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Delta Air Lines (DAL) reports Q2 results on Friday, with attention on demand trends, unit revenue, and cost discipline.
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US Treasury: The June Monthly Budget Statement on Monday offers a snapshot of federal deficit and cash needs.
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India CPI: June Inflation Rate YoY on Monday helps shape views on emerging market price pressures.
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Brazil Business Confidence: Monday’s July reading tracks sentiment for manufacturing and commodity linked exporters.
