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Argus
•
Jul 10, 2026
Market Update: UAA, DE, MNST, MRNA
Sector(s)
Healthcare, Consumer Defensive, Industrials, Consumer Cyclical
Summary
The major stock indices are mostly higher at midday on Friday, albeit not by much and with the Nasdaq jumping from green to red and back to green as the session progresses. As is the norm of late, investors and traders have a good number of headlines to parse as they ponder their short- or long-term moves. The war in Iran risks becoming almost impossible to calculate, as day-to-day gyrations are commonplace. For today, the ceasefire is 'off' as per President Trump, but so too are attacks from either side -- suggesting diplomacy may be given a chance yet again. In other White House-related news, the president has now said he will not sign a housing bill that had broad bi-partisan support. Elsewhere, the IPO of SY Hynix is the latest public offering to capture the attention of Wall Street, this on the heels of the SpaceX offering just a few weeks ago (with the SPCX shares currently off about 1% from
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