300 stocks on the New York Stock Exchange hit new highs, the most since March of 2024, suggesting the market's breadth is expanding. According to Bank of America, the US Benchmark Feds Fund rate suggests Wall Street is set on a soft landing scenario with expectations for interest rate cuts to come.

Yahoo Finance senior markets reporter Jared Blikre joins Asking For A Trend to break down the top market trends for the July 12 trading day, also comparing the Japanese yen's performance against the US dollar in foreign exchange markets.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Nicholas Jacobino