Market News

Overnight Developments US and Iran Trade Attacks Over the Strait of Hormuz — Al Jazeera / BNN Bloomberg The US launched several waves of strikes on Iran into Monday morning after an Iranian attack on a container ship in the Strait of Hormuz over the weekend left the vessel ablaze and a crew member missing. Iran retaliated with missiles and drones targeting countries across the Gulf and declared the Strait closed “until further notice” — a claim US Central Command has rejected. Brent crude jumped roughly 4% to ~$78.85/barrel, its highest since June 22, and maritime traffic through the world’s most important oil chokepoint has fallen sharply. ...

Overnight Developments U.S. Launches Fresh Strikes on Iran; Trump Calls Truce “Over” — Bloomberg / Al Jazeera The United States launched new airstrikes against Iran early Thursday, and Tehran responded by targeting Gulf countries in a renewed exchange of fire. The strikes follow days of escalation after attacks on shipping in the Strait of Hormuz, with President Trump declaring the June memorandum of understanding effectively over. This is a live armed-conflict situation with direct implications for oil transit through the world’s most important energy chokepoint. ...

Market Snapshot Index Close Change % Change S&P 500 7,543.64 +60.93 +0.81% NASDAQ 26,206.89 +336.24 +1.30% DOW 52,487.41 +139.02 +0.27% Russell 2000 2,992.54 +36.15 +1.22% VIX 15.84 -1.04 -6.16% Risk appetite firmed up despite a noisy geopolitical backdrop. Tech led — the NASDAQ tacked on 1.3% on semiconductor strength — while the VIX slid back below 16, a sign the market is shrugging off Middle East headlines for now. Breaking News & Macro Events Trump Announces 50% Tariffs on Brazil — USTR / Bloomberg The administration announced a 50% tariff on Brazilian exports effective August 1, alongside new tariff rates on 14 countries — including Japan and South Korea — that take effect the same day following the July 9 deadline reset. Trade policy is back at the top of the risk stack heading into August, with the potential to reignite input-cost and supply-chain pressure across industrials and consumer names. ...

Overnight Developments Global markets are in a broad risk-off session. US futures are sharply lower, Asia and Europe sold off overnight, and two distinct catalysts are driving the move: a fresh Middle East military escalation and a semiconductor-led tech pullback out of Asia. Iran ceasefire collapses, US–Iran strikes resume — TheStreet / CNN President Trump declared the Iran ceasefire “over” after both sides exchanged strikes overnight. The US reportedly hit 80+ Iranian targets and revoked oil-sale waivers, reimposing sanctions, while Iran’s IRGC struck US positions in Bahrain and Kuwait. The escalation drove crude higher and triggered a flight from risk assets. Affected sectors: Energy, Defense, Financials, Tech. ...

Backfill for the first trading session after the July 4th long weekend (markets were closed July 3–5). Changes are vs. the prior close of July 2. Market Snapshot Index Close Change % Change S&P 500 7,537.43 +54.19 +0.72% NASDAQ 26,121.16 +288.49 +1.12% DOW 53,055.91 +155.84 +0.29% Russell 2000 3,009.54 +13.43 +0.45% VIX 15.57 -0.58 -3.59% Stocks came back from the holiday in risk-on mode: the Nasdaq led as the AI/semiconductor trade reasserted itself after late-June weakness, the Dow topped 53,000, and the VIX slipped below 16. ...

Catch-up digest for the last trading session before the July 4th holiday break. Markets were closed Friday, July 3 (Independence Day observed) and the weekend. Market Snapshot Index Close Change % Change S&P 500 7,483.24 +0.01 +0.00% NASDAQ 25,832.67 -207.36 -0.80% DOW 52,900.07 +594.83 +1.14% Russell 2000 2,996.11 -16.48 -0.55% VIX 15.81 -0.33 -2.04% A textbook divergence: the Dow closed at a record high on rotation into value and defensives, while the Nasdaq slid on a broad semiconductor selloff. The S&P 500 finished essentially flat as the two forces offset. ...

Market Snapshot Index Close Change % Change S&P 500 7,499.36 +58.93 +0.79% NASDAQ 26,213.72 +393.57 +1.52% DOW 52,319.20 +136.46 +0.26% Russell 2000 3,024.37 +13.95 +0.46% VIX 16.45 -1.20 -6.80% A broad risk-on session capped one of the strongest quarters in years, led by megacap tech and semiconductors as geopolitical risk eased. Breaking News & Macro Events US-Iran Hostilities Cease, Strait of Hormuz Reopened — TheStreet The US and Iran agreed to halt hostilities and restore safe passage for commercial vessels through the Strait of Hormuz, removing a major overhang. The relief sparked a tech and semiconductor rally and helped push the VIX down nearly 7% to 16.45. ...

Market Snapshot Index Close Change % Change S&P 500 7,440.43 +86.41 +1.18% NASDAQ 25,820.14 +522.53 +2.07% DOW 52,182.74 +306.63 +0.59% Russell 2000 3,010.42 +0.33 +0.01% VIX 17.65 -0.73 -3.97% A risk-on session led by mega-cap tech: the NASDAQ jumped 2.07% and the Dow closed above 52,000 for the first time, lifted in part by Alphabet’s debut in the index. Breadth was thin, though — the Russell 2000 finished essentially flat, and the VIX slid below 18. ...

Market Snapshot Index Close Change % Change S&P 500 7,354.02 -3.47 -0.05% NASDAQ 25,297.62 -60.99 -0.24% DOW 51,876.11 -44.51 -0.09% Russell 2000 3,010.08 +2.23 +0.07% VIX 18.41 -0.49 -2.59% Breaking News & Macro Events Fed holds rates, drops easing bias under new chair Warsh — CNBC Kevin Warsh’s first FOMC meeting as chair ended with rates held at 3.50%–3.75%, but the statement scrapped its bias toward cuts and the updated dot plot erased a 2026 cut, pushing easing out to 2027–2028. Nine officials now pencil in at least one hike, with markets pricing potential tightening as early as October. A hawkish Fed reset is the single biggest weight on the AI-momentum trade right now. ...

Overnight Developments No fresh geopolitical or macro shock hit overnight — broad index futures are flat-to-higher. The story this morning is a split inside the semiconductor complex. Micron’s post-close earnings (June 24) lit a fire under Asian chip names — the Nikkei 225 surged +4.46% — yet several of our watchlist semis are trading lower on what looks like a continued rotation tied to AI-spending and valuation concerns rather than any single headline. Treat the watchlist moves below as the actionable item, not a market-wide event. ...