- Markets: Dow +385 pts (+0.74%) to 52,225; S&P 500 +0.89% to 7,509; Nasdaq +1.29% to 25,837 -- snapping a 3-day losing streak

- Semiconductors: Leading the recovery after a recent selloff

- Oil: WTI crude around $86/barrel, highest in 5+ weeks, up ~18% over the past month on Middle East tensions

- Gold: Trading around $4,077/oz, up ~2% on the day

- Bitcoin: Mid-sixties thousand range, up ~2%

- Treasury yields: 10-year at 4.59%, 30-year above 5.11%

- US Dollar Index: 101.20

- Fed context: Rates held at 3.50-3.75%, core PCE at 3.3%, new Chairman Kevin Warsh's hawkish tilt

- Upcoming catalysts: Tech earnings wave, oil price trajectory, economic data releases

Key stories:

- US-Iran mediation talks - Reports of potential mediation efforts are easing oil prices, which had surged above $90/barrel for Brent crude. Houthis have now threatened a naval blockade on Saudi Arabia.

- US equities - Dow down 307 points (51,839), S&P 500 down 0.19%, Nasdaq down 0.05%. Weekly losses: Nasdaq -2.5%, S&P 500 -1.1%. Semis have entered bear market territory but posted a modest Monday recovery.

- Fed outlook - Next FOMC meeting July 28-29. Markets pricing ~25% chance of a rate hike. Chair Warsh says "prices are too high." UCLA Anderson Forecast identifies Iran oil shock as the #1 inflation risk, replacing tariffs.

- Crypto - Bitcoin holding near $64,000, still down ~50% from its late-2025 peak of $126,000.

- Earnings - Capital One reported today. GM, 3M reporting Tuesday. Alphabet, IBM, Tesla later this week.

- Other - New US tariffs on Canadian imports; Hyundai down 6.6% on union strike extension.

- Friday's market close and weekly losses (S&P -1.6%, Nasdaq -2.9%, Dow -0.9%)

- Semiconductor stocks entering bear market territory

- Chinese AI startup Moonshot's breakthrough adding pressure on US tech valuations

- US-Iran conflict escalation and oil prices near $85/barrel

- VIX jumping 12.19% to 18.77

- Q2 earnings season at 10% completion with above-20% growth

- Gold at ~$4,017, Bitcoin ~$63,000

- Pre-market Monday futures (S&P +0.13%, Nasdaq +0.43%, Dow flat)

- Upcoming earnings calendar (42 reports Monday, 454 for the full week)

- Fed rate outlook

Semiconductor selloff -- TSMC beat Q2 earnings but raised capex to $60-64 billion, triggering chip stock losses amid AI spending concerns

Thursday market close -- Dow -106 pts (-0.2%) to 52,553; S&P 500 -0.51% to 7,534; Nasdaq -1.47% to 25,882

Corporate earnings -- UnitedHealth beat with $112B revenue and raised full-year guidance; GE Aerospace topped estimates but stock fell 2%; Netflix reported EPS $0.80 vs $0.79 est, revenue $12.56B

Oil and geopolitics -- Strait of Hormuz tensions persist; Brent at $84.63/barrel, WTI near $79.60

Fed rate decision -- Next meeting July 28-29; odds of a July hike are rising due to oil/inflation pressures, but consensus still leans toward a hold

Commodities -- Gold near $4,000/oz; Bitcoin around $62,393

Strait of Hormuz: Trump reinstated blockade on Iranian shipping + 20% toll, sending oil up 9% Monday. Later posted strait "open to ALL ship traffic except Iran," pulling oil back from peaks but keeping it elevated.

Fed Chair Warsh completed semiannual testimony before Congress, focusing on regulatory framework and capital rules. No rate change signaled; rate still at 3.50-3.75%.

Governor Cook warned on persistent inflation burden. Vice Chair Barr flagged financial stability risks from energy costs.

- PayPal +15% on Stripe/Advent $53B takeover report

- Stock futures higher on soft inflation data

- ASML +4% on raised sales forecast (2nd upgrade this year)

- China GDP growth at slowest pace since 2022

- Oil rising on renewed US-Iran strikes and Hormuz blockade

- Strong Asian session (Nikkei +1.5%, HSI +1.5%), weak Shanghai

- Bank earnings continuing (JPM, BofA, Wells, Citi)

- VIX retreating from elevated levels

IBM stock plunged over 20% in premarket trading after issuing a surprise earnings warning, flagging a revenue shortfall that missed analyst estimates and dragging the Dow lower.

U.S. and Iran renewed hostilities over the Strait of Hormuz, pushing Brent crude up 4.5% to $87 per barrel and bringing shipping in the critical chokepoint to a near-standstill.

Monday's market close saw all major indices decline. The S&P 500 fell 0.79%, the Nasdaq dropped 1.55%, and the VIX jumped 14% to 17.16, signaling heightened fear.

June's CPI report came in cooler than expected, with annual inflation easing to 3.5% and core inflation sliding to 2.6%, offering a rare bright spot amid the geopolitical turmoil.

Five major U.S. banks reported Q2 earnings today, with Goldman Sachs leading at a 78% profit surge to $6.63 billion, while the remaining four, JPMorgan, Bank of America, Wells Fargo, and Citigroup, continued their reports amid rising uncertainty.

Equities finished Friday mixed, with the Nasdaq and S&P 500 edging higher while the Dow slipped. SK Hynix made its Nasdaq debut in a historic 26.5 billion-dollar listing. Oil prices climbed back to 79 dollars a barrel. Bitcoin trades at 62,761 dollars. The 10-year Treasury yield holds at 4.54 percent. And tomorrow, the June CPI takes center stage.

U.S.-Iran diplomatic progress sparks a broad market rally, with the Nasdaq gaining 1.3 percent, the S&P 500 rising 0.8 percent, and the Dow advancing 0.3 percent.

Semiconductor stocks surge as Micron Technology leads a sector-wide rebound that reverses earlier losses triggered by Samsung's earnings miss.

Oil prices retreat from multi-day highs as geopolitical tensions ease; Brent crude falls toward $76 per barrel while WTI drops below $73.

The 10-year Treasury yield breaks a seven-day streak of increases, while the Federal Reserve minutes reveal a committee divided over the future path of interest rates.

Bitcoin holds steady around $62,400 to $63,000; Rivian faces continued share price pressure following its $1.5 billion public offering to fund its R2 EV launch.

U.S.-Iran military tensions escalate as President Trump declares the ceasefire "over" and launches strikes on 80–90 Iranian targets following attacks on ships in the Strait of Hormuz; Iran retaliates by striking Gulf states.

Oil prices surge more than 6 percent over two sessions, with WTI climbing toward $76 and Brent nearing $80, reversing the prior month's decline and reigniting global supply chain concerns.

U.S. equity markets close mixed: the Dow drops roughly 576 points on Wednesday amid the geopolitical shock before partially recovering on Thursday, while the Nasdaq holds its ground as AI stocks resist the broader sell-off.

Federal Reserve minutes reveal a split among policymakers on future rate moves, weighing potential hikes driven by tariff and war-related inflation against a weakening labor market where June payrolls missed expectations at just 57,000.

In corporate news, Rivian slides 9 percent on a $1.5 billion share offering for its R2 EV launch; Samsung's record profit fails to halt a global semiconductor rout; and Strategy sells $216 million in Bitcoin.