As of Tuesday, July 7, 2026 (4:00 PM ET close), the S&P 500 closed at 7,503.85, down -0.45% on the day versus Monday July 6's 7,537.43 close and +0.28% WTD versus Thursday July 2's 7,483.24 close (the last session before the Independence Day holiday). Tuesday was a risk-off session driven by three shocks: (1) the U.S. revoked Iran's oil-export waivers, sending WTI up +5.28% to $72.17; (2) NY Fed 1-year inflation expectations printed 3.7% (highest since September 2023); (3) semiconductors sold off on Samsung earnings, dragging XLK -2.39%. The 1-month target of 7,500 held on the close (current is +0.05% above the level).