Investment Week at a Glance
Stocks finished mixed for the week. The Dow Jones Industrial Average was down 0.3%, the S&P 500 was up 0.9%, and the NASDAQ rose 1.1%. Foreign stocks (MSCI EAFE) were down for the week, falling 1.4%. Bond prices were down for the week, with the 10-year U.S. Treasury yield ending the week at 4.57%. (Data source: Wall Street Journal)
Consumer Price Index (CPI) to be Released Tuesday
On Tuesday, July 14th at 8:30 AM ET, the Bureau of Labor Statistics is set to report the CPI for June. The Consumer Price Index measures the average change in prices over time that consumers pay for goods and services. Although not the only measure of inflation, the CPI is the most closely followed inflation barometer in the US. Based on the data released in this inflation report, securities markets could show some volatility, especially if it further ties the hands of the Federal Reserve when it comes to short-term monetary policy.
Massive IPO’s Continue to Dominate US Markets in 2026
Last month, SpaceX went public at over a $1.5 trillion valuation, making it the largest initial public offering in history. On Friday, July 10th, South Korean memory chip maker SK Hynix made its NASDAQ debut, reaching over a $1 trillion valuation, making it the largest ever initial public offering of a foreign company in the United States. Later this year, two other AI giants are expected to go public: Anthropic and OpenAI. Both of which have the potential to be valued at over a trillion dollars upon their trading debuts.
Marriott Stock Up 21% Year to Date, and Over 175% in the Last Five Years
Marriott (MAR), one of the world’s most recognizable hotel brands, has done incredibly well since the pandemic, as its stock has surged over 175% since 2021. Marriott operates in over 140 countries around the world and has nearly 10,000 properties generating revenue for the company. In 2025, Marriott brought in $26 billion in total revenue and reported a net income of $2.7 billion, one of its best years ever (Marriott Investor Relations). To start 2026, the company beat analysts’ first-quarter earnings per share estimates by over 6%, which helped lead the stock price higher. Marriott will likely benefit from the projected 3.2% increase in international tourism to the United States for 2026, as over half of its locations operate in the US (International Trade Administration). The company is set to release its second quarter earnings in early August, which analysts expect to be higher due to more travel in the summer months (CNBC).
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Quiz
In the last 3 months, what have the Mag 7 returned? (Scroll Down for Answer)
- -9%
- 10%
- 6%
- -2%
Answer:
2. 10%. Over the last 3 months, an equal-weighted Magnificent 7 portfolio (Nvidia, Apple, Microsoft, Tesla, Alphabet, Meta, and Amazon) has returned slightly over 10%. Despite being up only a little over 1% for the year collectively, the Mag 7 has performed well over the last 90 days. Zooming out even further over the last 3 years, an equal-weight Mag 7 portfolio has returned 130% while the S&P500 as a whole is just up 80%.
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