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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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Wall Street Futures Edge Higher as Rate-Cut Hopes Lift Sentiment; UnitedHealth Soars on Buffett Boost

 

U.S. stock futures pointed to a mixed but generally upbeat open on Friday, buoyed by growing expectations that the Federal Reserve will cut interest rates in September.

Dow Jones Industrial Average futures rose about 0.63%, while S&P 500 futures inched up 0.06%. Nasdaq 100 futures slipped 0.19% as weakness in tech tempered broader gains.

Healthcare stocks led the premarket rally, with UnitedHealth Group surging more than 12% after Berkshire Hathaway disclosed a significant new stake in the insurer. Other health insurers, including Elevance, Centene, and Molina, also advanced over 4% each.

Investors are betting on a 25-basis-point rate cut next month, encouraged by signs of labor market softness and muted inflationary impact from recent tariffs. The Fed last lowered rates in December, and analysts say the latest data strengthens the case for renewed monetary easing.

Market attention now turns to July retail sales and the University of Michigan’s consumer sentiment report, both due later today, for further clues on the economy’s trajectory.

Meanwhile, chip equipment maker Applied Materials tumbled nearly 15% after issuing a weak outlook on sluggish China demand, dragging peers KLA and Lam Research lower.

Crude oil prices hovered near $65 a barrel ahead of a high-profile meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska, which markets hope could yield progress on the Ukraine conflict.

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