The Dow Just Set an All-Time Record. Q2 Earnings Season Begins Now.

S&P up 1.76% for the holiday week. Delta reports Thursday. FOMC minutes Wednesday. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  

July 6, 2026 The Dow Just Set an All-Time Record. The S&P Is Back Above 7,400. Q2 Earnings Season Begins Now. By The Numbers 52,900. The Dow Jones Industrial Average's new all-time record close on Wednesday — up 2% for the holiday week. The index broke 52,000 for the first time Monday, then kept climbing. +1.76%. The S&P 500's gain for the shortened week. Markets closed Thursday and Friday for Independence Day. Mag 7 stocks drove more than 90% of the index's weekly move. $17.5 billion. Revenue analysts expect from Delta Air Lines when Q2 earnings land Thursday morning — the first big report of earnings season. Delta beat estimates in four of the last five quarters. 20%+. Expected S&P 500 earnings growth for Q2 2026. If it prints, that's the second consecutive quarter above 20% — a level the index has not sustained since 2021. Wednesday, July 8. When the FOMC minutes from the June 16-17 meeting drop at 2 PM ET. Fed Chair Warsh has signaled inflation is still too high. The minutes tell us what the committee discussed. The Brief The S&P gained 1.76% in a holiday-shortened week while the Dow hit a brand-new all-time record of 52,900 on Wednesday, July 2. Mag 7 stocks drove more than 90% of the index's weekly gain after a bruising end to June that saw semiconductors shed 7-8% on AI-spending fears that turned out to be premature. This week the calendar gets busy fast: Delta Air Lines drops Q2 earnings Thursday morning with analysts expecting $17.5 billion in revenue, which would make it the airline's most profitable summer quarter ever. Across the full S&P 500, Q2 earnings growth is projected above 20% — the second consecutive quarter at that level. Before the earnings flood hits, the FOMC minutes from the June 16-17 meeting land Wednesday at 2 PM ET, giving traders their next read on how the Fed is thinking about rates heading into the July 28-29 meeting. Marc Chaikin Says: Sell Overpriced AI Stocks. Buy These Instead. Sponsored 50-year Wall Street veteran Marc Chaikin has a new strategy he calls "Sell This, Buy That" — a way to rotate out of stretched AI names before the tech trade breaks down, and into smaller companies poised to dethrone the Mag 7. He's giving away a free Hotlist and Hitlist of buys and sells, including one firm he calls "an upgrade to Tesla stock" after it just inked a groundbreaking partnership with Nvidia. Get his free buy and sell list now › Stock of the Week Delta Air Lines (DAL) $17.5 Billion Expected. Four of Five Quarters Beat. Delta Reports Thursday. Delta kicks off Q2 earnings season Thursday morning. Analysts expect $17.5 billion in revenue and $1.49 EPS — its most profitable summer quarter ever. Delta trades at 7-8x forward earnings despite posting 9-10% revenue growth. Here's the key number to watch Thursday and why the bull case remains intact. Read more. › Read the Full Analysis › You are receiving this e-mail at fromworksmart.jewelry@blogger.com, as part of your subscription to Money Morning. Manage Your Preferences by clicking here. No longer interested? Unsubscribe. © 2026 Money Morning. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before our subscribers have a fair opportunity to exit. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Agora Media, 14 West Mt Vernon Place, Baltimore, MD 21201. Money Morning is a First Light Financial, LLC publication. To contact us call 866-616-2166 or visit us online. Website | Privacy Policy | Terms & Conditions