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A volatile week of ongoing attacks in the war with Iran and anxiety over big tech's AI spending ended mixed on Friday. The Nasdaq was the day's only loser, but the major indices would all fall for the week.
New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest news reports on hostilities and peace talks, updates will be posted here.
With the war's latest escalation this past week, oil prices topped $100 for the first time in two months. That grim news did not go over well as stocks stumbled, and the odds for a July rate increase jumped.
Investors weren't happy following tech's first round of earnings reports last week. Alphabet and Tesla both got pummeled, sparking a sell-off that wiped out nearly $900 billion of market value in the Mag7.
After a stinging defeat from the Supreme Court over last year's first wave of tariffs, and Friday's expiration of round two, the President has a new plan. What makes it different this time around? Details here.
The incoming week's schedule is loaded from front to back. The Fed vote on rates and more Mag7 earnings are the biggest, but June's PCE inflation read, and a new sentiment survey, will also get attention.
Investment advisory services offered through Integrated Advisors Network LLC, a Registered Investment Advisor