Public Markets 3 Hours

Last updated: July 9, 2026, 5:30 PM ET

Markets Rally on De-escalation Hopes

U.S. stocks rose broadly as geopolitical jitters eased, with fears of a wider conflict in Iran subsiding. Treasury yields declined significantly as President Trump indicated Tehran was seeking a deal, alleviating concerns about potential disruptions to energy supply chains. Gold and silver futures settled higher amid a shifting macroeconomic outlook for the latter half of the year. Oil futures, however, retreated slightly on hopes for renewed U.S.-Iran talks following recent strikes.

Tech and Asia Lead Public Offerings

SK Hynix Inc. priced US of American depositary receipts at $149 each, with the $26.5 billion offering set to reopen Asian access to the US market. The listing is expected to bolster a critical avenue for Asian firms looking westward, with Wall Street anticipating enthusiasm for artificial intelligence infrastructure. In other tech news, Polymarket is to offer margin trading legally in the US, a move that could allow users to bet on events with less upfront capital. Goldman Sachs, meanwhile, has for its employees due to compliance concerns with nascent platforms like Kalshi and Polymarket.

Corporate Earnings and Strategic Shifts

Canadian women's fashion retailer Aritzia reported surging profits, driven by growth across its digital channels and continued expansion in the U.S. Volkswagen, however, is as sales in China plummet, struggling to compete with more affordable and technologically advanced electric vehicles from local manufacturers. In the logistics sector, shares of UPS and FedEx tumbled amid concerns that Amazon is increasingly offering competitive and fast delivery services to third-party customers. Private equity firm Carlyle is set to sell its data center power unit for $2.6 billion to EQT, a deal that underscores a strong market for AI infrastructure.

Market Volatility and Fed Silence

Markets have experienced bursts of volatility, yet the new Federal Reserve chair has maintained a quiet stance, prompting questions about the central bank's communication strategy. Financial news also touched on the existence of cheap, closed-source AI models alongside open-source competitors.