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Weekly Market Snapshot: Mideast Tensions and Chip Selloff Rattle Global Markets (July 13–17)

  Week of July 13–17, 2026 It was a rough week to be a tech investor and a good week to own oil. Escalating conflict between the US and Iran pushed crude sharply higher and rattled global markets, while a fresh wave of selling in semiconductor stocks dragged US and Asian indices lower. Closer to home, the Bank of Canada held its key rate steady, and the TSX—less exposed to chipmakers—held up noticeably better than its US and Asian peers. Here’s how the week broke down across every major market, and what it means for your wallet. 🇨🇦 Canada: TSX Day Close Change Mon, Jul 13 35,252.72 -0.15% Wed, Jul 15 (BoC day) 35,416.20 +0.27% Thu, Jul 16 35,340.15 -0.21% Fri, Jul 17 ~35,262 -0.22% Week total (Fri-to-Fri) — ~flat (about -0.1%) The TSX had a choppy but ultimately quiet week compared with its global peers. Monday's session opened with the Strait of Hormuz blockade headlines and closed lower. Wednesday brought a relief rally after the Bank of Canada's rate hold, with financials ...
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US Futures Edge Higher Ahead of Key Economic Signals

US stock futures are pointing to a slightly higher open today as Wall Street gears up for a week full of crucial economic data signals. Here’s what investors need to know:

  • Futures Performance:

    • Futures tied to the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) both rose around 0.3%.
    • Dow Jones Industrial Average futures (YM=F) were up about 0.2%.

  • Market Volatility:

    • Last week was a rollercoaster ride for markets, leaving investors “on edge.”
    • Despite ending practically where they started, major indexes experienced significant volatility throughout the week.

  • Upcoming Data:

    • Wednesday: The Consumer Price Index (CPI) will provide fresh insights into inflation.
    • Thursday:
      • July’s retail sales data will offer a glimpse into the state of the US consumer.
      • Walmart (WMT) earnings will also be closely watched.

  • Fed Rate Cut Expectations:

    • Markets are interpreting good news as a positive sign, but volatility may hinge on the data signals.
    • The slowing economy has shifted the debate from whether the Federal Reserve should cut interest rates in September to how much they should cut.
    • Traders expect a 25-basis-point cut next month, while some anticipate a larger 50-basis-point cut.


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