Overview
- The S&P 500, Nasdaq Composite and Dow Jones Industrial Average each closed at record highs on July 10.
- Nvidia’s shares climbed further after its market value topped $4 trillion for the first time.
- Delta Air Lines beat second-quarter profit forecasts and reinstated its 2025 outlook, sending its stock up about 13%.
- President Trump’s announcement of 50% tariffs on Brazilian imports and copper did not halt the equity rally.
- Stock futures showed minimal movement as gold rose, crude oil slipped and long-term Treasury yields declined.