Public Markets 3 Days

Last updated: July 14, 2026, 5:30 PM ET

Markets React to Inflation Data and Geopolitical Tensions

Treasury yields fell sharply following a cooler-than-expected U.S. Consumer Price Index report, which. The dollar also declined in early trading, though it later. However, renewed hostilities between the U.S. and Iran spooked investors, leading to a risk-off sentiment that drove stocks and bonds lower. Oil futures climbed amid escalating tensions in the Strait of Hormuz, with Brent crude reaching $87 a barrel. U.S. natural gas futures, but ample domestic supply continued to limit gains. Gold and silver rose, reversing a two-session losing streak as investors sought safe-haven assets.

Corporate Earnings and Sector Performance

Wall Street banks, benefiting from a surge in stock trading activity driven by the artificial intelligence boom and the SpaceX IPO. JPMorgan, Goldman Sachs, Citigroup, and Bank of America. In contrast, IBM shares plunged 25% after the company missed analyst expectations, with customers shifting spending towards AI. Software and IT services companies also experienced a sell-off following IBM's disappointing performance. EV maker Lucid to assist with a turnaround, as the company has struggled with sales, quality issues, and executive turnover.

Global Economic and Political Developments

President Trump on ships transiting the Strait of Hormuz, a move that initially eased oil price pressures but also for the global economy. The U.S. military continued airstrikes in the region, while Iran's former leader denied reports of Israeli plans to reinstate him. The Senate over disagreements concerning the war in Iran, highlighting divisions over Middle Eastern policy. In Europe, defense groups are to counter missile threats, drawing lessons from the conflict in Ukraine. China's monthly car exports for the first time, contributing to an overall increase in trade.

Technology and Artificial Intelligence Trends

Spending on AI data centers, although construction for other industrial sites has been dampened by rising costs. The race for commercial fusion energy is, with increased investment in the sector. Deep Mind's chief called for a U.S.-led body to test "frontier" AI models, warning of the rapid pace of technological advancement. Chai Discovery, an AI drug startup, valuing the company at $3.8 billion and underscoring investor interest in AI for drug discovery. Meanwhile, financing the AI buildout is becoming trickier, requiring hyperscalers to be more creative.

Other Notable Market and Business News

The T. Rex fossil, reclaiming the top spot in a booming fossil market. Honduras launched bond and plans to issue new global debt, joining a trend of emerging market borrowing. Francisco Partners is nearing a deal to acquire construction software maker Command Alkon for up to $1.3 billion in the construction tech sector. European banks by Brussels, following similar moves in the U.S. and U.K. as lenders seek regulatory flexibility. Watches of Switzerland with strong U.S. sales, reporting a 13% jump in sales to £1.83 billion.