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Wall Street sold off as Brent crude topped $100 a barrel on Houthi strikes against Saudi tankers, while Alphabet and Tesla dragged the Nasdaq down 2.2% after both reported negative free cash flow. Treasury yields hit 18-month highs, Australia was hit with a 12.5% U.S. tariff, and ASX futures point to a weaker open.
Alphabet raised 2026 capex guidance to $195–$205 billion despite an 82% surge in Google Cloud revenue, sending shares down ~5% after hours and setting a cautious tone for Big Tech earnings. Oil surged past $95 after Houthi militants attacked two Saudi tankers in the Red Sea. ASX 200 futures point up 0.8% ahead of Australia’s June jobs report.
Semiconductors posted their biggest daily gain in a month as hedge funds scrambled to rebuild positions ahead of mega-cap earnings, but Brent crude topped $91 after Houthis threatened a Saudi Red Sea blockade and the US completed a tenth day of strikes on Iran.
US airstrikes on Iran hit a tenth straight day with three soldiers dead and Houthis threatening a Saudi Red Sea blockade. Brent crude breached $90, the S&P 500 slipped 0.2%, and UK gilt yields surged after PM Burnham’s surprise Chancellor pick rattled markets.
Wall Street snapped a two-week winning streak as the AI semiconductor trade violently unwound, pushing the SOX into a confirmed bear market — down 20% from its late-June record. Chinese AI startup Moonshot’s Kimi K3 model rekindled DeepSeek-style fears, while Iran’s abandonment of the interim peace deal after two American troops were killed in Jordan sent Brent crude surging past $88.
Wall Street slid as the SOX chip index cratered 4% despite TSMC’s blowout 77% profit surge. The U.S. launched a fifth night of strikes on Iran while Tehran told the Houthis to stand ready to shut the Red Sea. Dallas Fed’s Logan called for higher rates, gold fell below $4,000, and Netflix tumbled 8.6% after hours on weak guidance.
Wall Street pushed higher for a second straight session after US producer prices posted their biggest monthly drop in 14 months, reinforcing expectations the Fed will hold rates through summer. S&P 500 +0.4%, Nasdaq 100 –0.3% on chip sell-off. Brent crude above $85 as US–Iran strikes escalate around the Strait of Hormuz. Goldman, JPMorgan, Morgan Stanley post record prime brokerage revenues.
US equities rallied on a cooler-than-expected June CPI print, with the S&P 500 closing at 5,655 as rate-cut bets surged. Oil spiked above $70 on escalating US-Iran tensions around the Strait of Hormuz, while Goldman Sachs posted record Q2 earnings. The ASX 200 is poised for a strong open, with SPI futures up 0.6%.
Wall Street posted a second straight week of gains as markets shrugged off a fresh round of US strikes on Iran and Tehran’s declaration that the Strait of Hormuz is closed. SK Hynix surged 13% on its record $26.5 billion Nasdaq debut while the RBA flagged rising default risks across Australia’s $250 billion private credit sector.
A chip-led rebound powered Wall Street higher as the S&P 500 rose 0.8% to 7,541.83 and the Nasdaq surged 1.3%, with the Philadelphia Semiconductor Index clawing back more than 5% over two sessions. SK Hynix priced its record $26.5 billion U.S. ADR debut while crude pulled back sharply after Trump said Iran wanted a deal. SPI futures point to a flat ASX open at 8,741.
Trump declared the U.S.–Iran ceasefire “over” at the NATO summit in Ankara as the military launched a second day of strikes, sending Brent crude surging 5.9% to $78.55 after briefly topping $80. The S&P 500 slipped 0.3% while the Nasdaq eked out a 0.2% gain on a chip rebound after China signalled it would allow AI firms to buy Nvidia H200s. Fed minutes revealed an evenly split committee on rate hikes, and ASX 200 futures point to a 49-point drop at the open.
Chip stocks hammered as Samsung’s record profit fails to impress. US strikes Iran, revokes oil waiver after Hormuz tanker attacks. Crude surges 5%. Most S&P 500 stocks rose — rotation, not retreat.