The Nasdaq (^IXIC) and S&P 500 (^GSPC) closed at record highs, with megacap tech stocks continuing to cause big gains for the indexes. It was the 37th record close for the S&P 500 this year.

Yahoo Finance Reporter Jared Blikre joins Asking For A Trend to break down the latest market trends for July 10. Blikre breaks down how Nvidia's (NVDA) impressive run has it topping the performance of the top stocks of the dot-com bubble and why there is a "buyback blackout."

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