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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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Futures Slip Again as Markets Brace for More Volatility After Davos

 

U.S. stock futures edged lower early Wednesday, extending the unease that followed a sharp sell‑off in the previous session. Dow futures dipped, S&P 500 futures softened, and Nasdaq futures also slipped as investors continued to process the market’s sudden shift in sentiment.

The downturn comes on the heels of President Donald Trump’s appearance at the World Economic Forum in Davos. His remarks, delivered against a backdrop of global uncertainty, did little to calm investors already rattled by geopolitical tensions and renewed concerns about the economic outlook.

Tuesday’s sell‑off marked one of the most turbulent trading days in recent months, driven by a flight to safety and heightened anxiety across global markets. With futures pointing lower again, traders appear to be bracing for another cautious session as they look for signs of stability.


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