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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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Hot Inflation Data Sends Futures Sliding Ahead of Fed Decision

 



Market Snapshot

US stock futures retreated early Wednesday after a hotter‑than‑expected Producer Price Index (PPI) report signaled accelerating inflation, adding tension ahead of the Federal Reserve’s upcoming policy announcement. 

What’s Driving the Drop?

  • PPI inflation came in hotter than expected, with wholesale prices rising faster than in previous months.
  • The data reinforced concerns that inflation remains sticky, potentially delaying or reducing the likelihood of interest‑rate cuts.
  • Dow Jones futures fell about 0.4%, while S&P 500 and Nasdaq futures also slipped as traders reassessed risk appetite. 

Why the Fed Matters Today

Investors are now laser‑focused on the Federal Reserve’s rate decision and any hints about future policy direction. With inflation showing renewed strength, the Fed may adopt a more cautious tone, which could weigh further on equities. 

Broader Market Context

The pullback follows a brief stretch of gains, suggesting markets were already on edge. Rising oil prices and persistent inflation pressures have added to volatility across major indices. 

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