The Quincy News Morning Brief | Thursday, July 9, 2026
By Tom LoBianco | Quincy News Correspondent
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Washington (Quincy News) — Market Recap: President Trump’s declaration that the Iran ceasefire is “over” drove trading Wednesday, sending oil prices up 5% and rippling through the market – energy consumers like airlines dropped while energy producers jumped. The Dow fell 1.1% (577 points) and the S&P 500 slid 0.3% (21.14 points). But the Nasdaq edged up a bit with a late day rebound from chip stocks, ending up 0.2% (51.96 points).
Minutes from the Fed’s June meeting, also released Wednesday, showed policymakers remain divided on rates but leaning toward holding, or potentially hiking, if inflation stays elevated. Oil settled above $73 a barrel and Treasury yields ended higher.
Today’s Focus: Thursday’s initial jobless claims set for release in the morning will drive the day, the latest indicator of the jobs market. (Last week’s June employment report showed both a significant cooling and steadying in hiring since April.) The National Association of Realtors also releases existing home sales for June, expected to show modest growth in sales and inventory, but continued high mortgage rates tied to inflation and high Treasury yields. And all eyes remain on Iran and the Strait of Hormuz.
ON THE SCHEDULE
Thursday, 8:30 a.m. ET – Initial jobless claims Thursday, 1:00 p.m. ET – 30-year Treasury bond reopening
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