Stocks Rise at Midday as Oil Slides on Cooling Iran Fears; Micron Leads Chips
Hyperdash NewsMacroUS stocks traded higher through Wednesday morning, with the S&P 500 up +0.60% and the Nasdaq up +0.84%, as oil prices fell on bets that US-Iran fighting would not widen and chipmaker Micron rallied on plans for billions more in US investment.
Scoreboard
- S&P 500 7,528 (+0.60%)
- Euro Stoxx 50 6,282 (+1.24%)
- Nikkei 225 67,744 (+1.38%)
- Gold 4,140 (+1.41%)
- WTI 72.13 (-1.89%)
- US 10Y 4.545% (-2bp)
- DXY 100.8640 (-0.13%)
- Bitcoin 62,953 (+2.12%)
- VIX 16.13 (-4.56%)
- DE 10Y 3.051% (+0bp)
Crude led the session's story as WTI fell -1.89% to 72.13 and Brent dropped -1.61% to 76.76, with traders wagering that US-Iran hostilities would not escalate into a broader war. Micron shares jumped after the company announced billions more in US chipmaking investments, lifting the Nasdaq. Treasury yields edged lower, with the US 10Y at 4.545%, off -2bp. The dollar was little changed, the DXY down -0.13%. On the data front, June home sales missed estimates even as prices hit an all-time high. Gold rose +1.41% to 4,140, and Bitcoin jumped +2.12% to 62,953.
Key headlines
- Micron Announces Billions More in US Chipmaking Investments
- Natural Gas Futures Drop 5% to Six-Week Low on Freeport LNG Maintenance
- CFTC Blocks CME Bid for 24/7 Oil Futures Trading
- Trump can halt trade with Spain using law behind scrapped tariffs: Greer
The takeaway
The morning's gains came alongside a decline in oil, an unusual pairing that reflected the market's reading that US-Iran fighting would stay contained. Chip strength, led by Micron, and lower Treasury yields provided additional support to equities through the session.
The afternoon brings the remainder of the session's Middle East headlines, further reaction to the June home sales miss and its record prices, and any follow-through in chipmakers after Micron's announcement. Oil's direction and Treasury yields also remain in focus into the close.
View the S&P 500 chart and data on Hyperdash
Frequently asked questions: July 9, 2026
What happened in the markets today?
US stocks traded higher through midday, with the S&P 500 up +0.60% and the Nasdaq up +0.84%, as oil prices fell on easing US-Iran escalation fears and Micron rallied on new US investment plans.
Did the stock market go up or down today?
Stocks rose. The S&P 500 was up +0.60% at 7,528 and the Nasdaq gained +0.84% to 26,087 by midday.
Why did markets move today?
Equities rose as Crude fell, with WTI down -1.89%, on bets that US-Iran fighting would not widen, while Micron's announcement of billions more in US chipmaking investment lifted chip shares.
How did the S&P 500 do today?
The S&P 500 rose +0.60% to 7,528 at midday, supported by falling oil prices, a chipmaker rally led by Micron, and lower Treasury yields.
What did the dollar and Treasury yields do today?
The dollar was little changed, with the DXY down -0.13%. The US 10Y Treasury yield edged lower by -2bp to 4.545%.
Where can I track live market data across asset classes?
Hyperdash shows real-time prices, charts and positioning for equities like the S&P 500, commodities like Gold and crypto like Bitcoin, all in one dashboard.
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