US price pressure eased, stocks hit a record and chip-equipment demand grew
US producer prices were flat in July, the S&P 500 rose 0.7% and Applied Materials revenue grew 25%, while the 30-year yield stayed at 5.21%.
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Market Reviews
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Hormuz oil shock, US inflation and Cisco AI orders
Hormuz disruption cuts oil supply, US core inflation eased to 2.5%, and Cisco AI infrastructure orders reached $9.3 billion.
Read moreTechnology Turns Red, but the Market Does Not Look Equally Bad | Market Insights 2026-06-29
There was plenty of market noise this week, but the main message is clear: the equity market is not simply rising or falling. Leadership is changing beneath the surface.
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