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Markets Reel as Iran War’s Fourth Day Unfolds in Smoke and Blood

                             Graves are being prepared for the victims following an Israeli strike on a school in Minab, Iran. Explosions continued to tear through Tehran and Beirut on the fourth day of the escalating U.S.–Israeli conflict with Iran, leaving cities shrouded in smoke and civilians scrambling for safety. Strikes hit key sites including a police station in Tehran and areas linked to Hezbollah in Beirut, deepening the humanitarian toll as Iran reported hundreds of casualties.  Global financial markets slid sharply as investors reacted to the growing likelihood of prolonged disruption to energy supplies , with oil price spikes fueling fears of broader inflation. The deepening conflict has already rattled global air transport and intensified volatility across major stock indices.  On the ground, residents jammed highways in attempts to flee targeted areas, while images of debris...
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Tech Rally Fatigue: Nvidia’s Impact on US Stocks


The US stock market remained relatively flat today, with the benchmark S&P 500 unchanged and the tech-heavy Nasdaq Composite gaining 0.2%. However, this stability is notable because it follows a recent surge driven by artificial intelligence (AI) stocks, particularly Nvidia (NVDA). Nvidia briefly held the title of the world’s most valuable company this week, but today it faced a decline of over 1%. Other chip stocks, including Broadcom (AVGO), Super Micro Computer (SMCI), and Qualcomm (QCOM), also dipped alongside Nvidia.

Investors are closely monitoring the broader health of the US economy and the path for interest rates. Former St. Louis Fed president James Bullard suggested that last week’s cool Consumer Price Index reading could lead to a rate cut in September. While around two-thirds of traders still expect rate cuts to begin then, uncertainties remain.

In summary, the AI-fueled rally showed signs of fatigue today, and Nvidia’s performance played a significant role in shaping market sentiment.

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