U.S. forces conducted airstrikes on Iran for the seventh consecutive night; Iran struck U.S. unmanned surface vessels in Bahrain and warned that it has entered a phase of 'full-scale offensive and destruction.'

The U.S. military stated that it launched a new round of strikes against Iran on Friday afternoon, Eastern Time. On the same day, Iran’s armed forces claimed to have struck a U.S. naval vessel in the Indian Ocean using land-based cruise missiles and to have attacked and destroyed a U.S. unmanned surface vessel storage facility in Bahrain. Iran’s Supreme Leader’s military advisor stated that the U.S.-Iran memorandum of understanding has become effectively void. If the United States continues its attacks in the coming days, Iran’s armed forces will move beyond the current phase of 'deterrence and retaliation' into a phase of 'full-scale offensive and destruction.'

wallstreetcn06:54

Top 20 by Trading Volume | Apple hits new high, approaching $5 trillion market cap; SpaceX Starship test flight fails, shares drop 5%; Meta reveals $10 billion AI computing capacity leasing deal; Taiwan Semiconductor announces additional NT$100 billion in

On Friday, Micron Technology, the most actively traded stock on U.S. markets, fell 0.5% with $53.876 billion in turnover. The stock declined on five of the past six trading days, accumulating a weekly loss of 13.31%. NVIDIA, the second-most actively traded stock, dropped 2.21% with $29.147 billion in turnover. During Friday’s session, Apple briefly surpassed NVIDIA in market capitalization, reclaiming its position as the world’s most valuable company for the first time in over a year. Investors now favor the iPhone maker to stage a comeback in the artificial intelligence race, especially as it does not need to commit the massive and increasingly risky capital expenditures on data centers that other major tech giants are undertaking. As of the close

Global Market Report06:52

U.S. Market Close | Kimi K3 Recreates the 'DeepSeek Moment'? Nasdaq Falls Another 1%; Memory Stocks Rally Then Retreat, SK Hynix Up Over 1%; ASML Holding Awards €20,000 Bonus to All Employees; Oracle's 5-Year CDS Spread Hits All-Time High; Crude Oil Surge

The Philadelphia Semiconductor Index fell 1.6% on Friday, marking a cumulative decline of 20% from its record high and entering bear market territory. Selling pressure in chip stocks dragged the Nasdaq 100 down by 1.5%, the S&P 500 declined 1%, and the Dow Jones Industrial Average dropped 0.8%. Escalating tensions between the U.S. and Iran pushed West Texas Intermediate crude oil up 4.3% to $82.34 per barrel. The yield on the 10-year U.S. Treasury note remained largely unchanged at 4.55%.

wallstreetcn06:11

Express News | Adviser to Iran's Supreme Leader: If U.S. military actions continue, Iran may shift to a full-scale offensive phase

Breakings03:13

Falling oil prices drove a stronger-than-expected rebound in U.S. consumer confidence in July, reaching a five-month high, while the one-year inflation expectation dropped to 4.2%.

The University of Michigan's preliminary consumer sentiment index for July rose to 54.4 from 49.5 in June, above the market expectation of 51. Consumers expect an annual inflation rate of 4.2% over the next year, compared with a prior expectation of 4.4% and a previous reading of 4.6%. However, more than 70% of the survey responses were completed before early July, prior to the U.S. airstrikes on Iran, after which oil prices rebounded.

wallstreetcn00:11

Cleveland Fed President Hammack strikes a hawkish tone: inflation remains too high, and the labor market is near full employment.

Cleveland Fed President Beth Hammack stated, 'Our dual mandate is not in conflict. Inflation remains too high, while the labor market is broadly at what I would consider full employment.' She also noted that, for the first time since taking office, she has heard businesses calling for action to curb inflation and consumers struggling to make ends meet expressing feelings of despair.

wallstreetcnJul 17 23:51