As of Sunday, July 12, 2026, the S&P 500 sits at 7,575.39 — Friday's close — capping a five-session week that delivered a +1.23% week-to-date move versus Thursday July 2's 7,483.24 close (the last session before the Independence Day holiday). The week's headline was the reported Tuesday July 7 attack on commercial shipping in the Strait of Hormuz — Desk judgment: the incident drove WTI from $68.55 Monday to $76.08 intraday Wednesday before settling at $71.41 Friday. The VIX ended at 15.03 (-3.47% WTD). The 10-year yield rose to 4.57% (+9bp WTD). The week ahead is the most consequential of Q3: Tuesday's June CPI (July 14), bank earnings (JPM, GS, BAC, WFC, C, MS, BLK), Thursday PPI and Retail Sales.