Market Brief 7 July, 2026

Good evening, esteemed investor.

The broader market experienced a downturn today, with the S&P 500 Index (GSPC) closing down by 0.64% at 7,495.05, while the Nasdaq 100 Index (NDX) saw a more significant decline of 2.31%, settling at 29,076.25. This negative sentiment was also reflected in individual company performances, as several firms reported earnings with mixed results. Notably, Highway Holdings Limited (HIHO) and Kura Sushi USA Inc (KRUS) experienced price drops following their earnings announcements. In the cryptocurrency space, the Tectonic (TONIC) token swap commenced today, following a token burn event for Audiera (BEAT) yesterday. Additionally, a significant number of companies, including Service Properties Trust (SVC) and Profusa, Inc. Common Stock (PFSA), underwent stock splits today, potentially impacting share prices and trading volumes.

Here's a more detailed breakdown of the day's events:

Market Performance:

• S&P 500 Index (GSPC): Current Price: 7,495.05, Change: -0.64%
• Nasdaq 100 Index (NDX): Current Price: 29,076.25, Change: -2.31%

Earnings Events:

• Highway Holdings Limited (HIHO): Reported earnings before market open, with a price change of -2.18%.
• Enerpac Tool Group Corp (EPAC): Reported earnings after market close. Revenue estimate was $164,500,000.0, with an EPS actual of $0.51 against an estimate of $0.49. Analysts currently rate the stock as 'Buy', though this may be subject to change.
• Solowin Holdings (AXG): Reported earnings after market close on July 6th, with a price change of -1.5%.
• Woodside Energy Group Ltd (WDS): Reported earnings before market open on July 6th, with a price change of 1.88%.
• Genius Group Ltd (GNS): Reported earnings before market open on July 6th, with a price change of -0.63%.
• Kura Sushi USA Inc (KRUS): Reported earnings after market close, with a price change of -6.17%. Revenue estimate was $86,463,270.0, and EPS estimate was -$0.05. Analysts currently rate the stock as 'Buy', though this may be subject to change.

Crypto Events:

• Tectonic (TONIC): Token Swap commenced today, July 7th, following its publication on June 30th.
• Audiera (BEAT): Experienced a Token Burn on July 6th, which affected its price by $9.96.

Split Events:

A notable number of companies executed stock splits today, July 7th:

• Service Properties Trust (SVC) - Split factor: 0.2
• Profusa, Inc. Common Stock (PFSA) - Split factor: 0.04
• Nocera Inc (NCRA) - Split factor: 0.03333333333333333
• Service Properties Trust (HPO) - Split factor: 0.2
• Jiangsu Lettall Electronic Co Ltd (603629) - Split factor: 1.0
• Jioushun Construction Co., Ltd. (5547) - Split factor: 1.126
• Aspeed Technology (5274) - Split factor: 1.1
• NIBC Holding N.V (4NH) - Split factor: 1.0
• Wealthy Way Group Ltd (3848) - Split factor: 5.0
• Userjoy Technology Co Ltd (3546) - Split factor: 1.05
• Cendes Co Ltd Class A (300492) - Split factor: 1.0
• Guangdong Yangshan United Precision Manufacturing Co. Ltd. (001268) - Split factor: 1.0

Several other companies also had splits on July 6th, including SRx Health Solutions Inc. (SRXH), SOLAI Limited (SLAI), ACS A.DE C.ADR 1/5/EO-50 (OCI), Nuvve Holding Corp (NVVE), NewGenIvf Group Limited Class A Ordinary Shares (NIVF), NIP Group Inc. American Depositary Shares (NIPG), LUM CHANG CREATIONS LTD (LCC), Jianzhi Education Technology Group Company Limited American Depositary Shares (JZ), INLIF LIMITED Ordinary Shares (INLF), Hitek Global Inc. Ordinary Share (HKIT), HAOTF (HAOTF), North American Financial 15 Split Corp (FNCSF), COSCIENS Biopharma Inc. (CSCIF), Curis Inc (CRIS), China Youzan Ltd (CHNVF), ACS Actividades De Construccion Y Servicios SA ADR (ACSAY), Abt Building Products Corp (ABTC), BIT MINING C.A SP.ADR 100 (50C0), Zhen Yu Hardware Co., Ltd. (2947), LogicBio Therapeutics Inc (0IF), exax Inc (060230), Yuan Heng Gas Holdings Ltd (0332), and Mexan Ltd (0022).

Dividend Events:

A substantial number of companies distributed dividends on July 6th and July 7th. Notable dividend payments on July 7th include:

• Blue Owl Technology Finance Corp. (OTF) - $0.05
• Klépierre SA (KLPEF) - $1.1182 and $1.1199
• Hellenic Telecommunications Organization S.A (HLTOF) - $1.02855
• The United Laboratories International Holdings Limited (ULIHF) - $0.03766
• Bechtle AG (BECTY) - $0.1598
• SalMar ASA (SALRF) - $1.088 and $1.0334
• Altarea SCA (ATRRF) - $9.22344 and $9.441
• MTR Corp Ltd ADR (MTCPY) - $0.341
• Titan Cement International S.A. (TTCIF) - $1.2663
• Pagegroup PLC ADR (MPGPY) - $0.087
• Seagate Technology PLC (STX) - $0.74
• ADT Inc (ADT) - $0.055
• Canadian Natural Resources Ltd (CNQ) - $0.45819 and $0.442
• FirstService Corp (FSV) - $0.305
• H&R Block Inc (HRB) - $0.42
• Restaurant Brands International Inc (QSR) - $0.65
• Restaurant Brands International Limited Partnership (RSTRF) - $0.65
• Titan America SA (TTAM) - $0.04
• Scout24 AG (SCCTY) - $0.85605
• Bruker Corporation (BRKR) - $0.05
• Albany International Corporation (AIN) - $0.28
• Chandra Asri Petrochemical Tbk PT ADR (PTCAY) - $0.034
• Hamilton Lane Inc (HLNE) - $0.6
• Sumitomo Mitsui Financial Group Inc (SMFG) - $0.29711
• Atresmedia Corporación de Medios de Comunicación S.A (ATVDY) - $0.24316
• GEK TERNA Holdings Real Estate Construction S.A (GKTRF) - $0.46749 and $0.4667
• Graphic Packaging Holding Company (GPK) - $0.11
• Boyaa Interactive International Limited (BOYAF) - $0.00467 and $0.0047
• J & J Snack Foods Corp (JJSF) - $0.8
• Bank7 Corp (BSVN) - $0.27
• Ypsomed Holding AG (YPHDF) - $5.46584 and $2.1174
• Upbound Group Inc. (UPBD) - $0.39
• FedEx Corporation (FDX) - $1.22
• Volkswagen AG 1/10 ADR (VWAGY) - $0.6
• Volkswagen AG Pref 1/10 ADR (VWAPY) - $0.607
• Omega Flex Inc (OFLX) - $0.34
• Diamond Bancshares Inc (DMNB) - $0.33
• AMEN Properties Inc (AMEN) - $12.5
• Delaware Investments Florida MIF (VFL) - $0.024
• PTMYF (PTMYF) - $0.0034
• MFS Municipal Income Trust (MFM) - $0.024
• Línea Directa Aseguradora S.A (LNDAF) - $0.01524 and $0.01894

Investor Activity:

Billionaire investor Robert Olstein, through Olstein Capital Management, L.P., has significantly reduced his holdings in several companies. Notable sales include shares of The Walt Disney Company (DIS), Sensata Technologies Holding NV (ST), Avantor Inc (AVTR), LKQ Corporation (LKQ), Omnicom Group Inc (OMC), International Flavors & Fragrances Inc (IFF), Vontier Corp (VNT), Fidelity National Information Services Inc (FIS), Nasdaq Inc (NDAQ), and ABM Industries Incorporated (ABM).