Nasdaq falls, Dow slips as oil prices rebound on fresh US-Iran fighting

• The FTSE 100 is expected to open lower on Monday following a decline in investor sentiment. • Renewed geopolitical tensions in the Middle East have driven oil prices sharply higher, pushing them toward the $80 mark.

• The FTSE 100 remained largely flat on Monday, closing up just 1.00 point at 10,498.29, while the FTSE 250 rose 0.1% to 23,396.58. • Oil prices increased as a result of escalating Middle East tensions and renewed friction between the US and Iran.

• Wall Street is poised for a lower open, with S&P 500 E-Mini futures down 0.29% and Nasdaq 100 E-Mini futures dropping 0.94%. • The decline is driven by a chip sector selloff sparked by losses among South Korean peers, specifically impacting SK Hynix.

• European stocks ended Monday's trading session slightly higher despite a choppy and lackluster performance throughout the day. • Investors largely ignored escalating geopolitical tensions to prioritize the onset of the corporate earnings season.

• Major stock indexes closed lower on July 13, 2026, driven by a decline in memory chipmaker shares, including SK Hynix. • Oil prices surged following President Donald Trump's announcement that the U.S. is reinstating a blockade of Iranian ships in the Strait of Hormuz.

• U.S. stock indices closed lower on July 13 following a sharp plunge in AI chip stocks and a drop in gold prices below $4,000. • Brent crude oil soared 10% as geopolitical tensions escalated between the U.S. and Iran, involving threats to close the Strait of Hormuz and the restoration of a shipping blockade.

• Apple stock has surged to new 52-week highs, with share prices reaching near $320. • The rally is primarily driven by the company's strategic focus on custom AI chip deals and significant growth in its services sector.

• Grasim Industries' subsidiary, Aditya Birla Renewables, has approved the 100% acquisition of Solenergi Power Pvt. Ltd. from Shell Overseas Investment B.V. • India Ratings affirmed a stable IND A+/Stable/IND A1+ rating for Transformers & Rectifiers (India) on existing bank facilities totaling Rs 1,050 crore.

• Foreign Institutional Investors (FIIs) invested over $1 billion in Indian equities last week, representing the largest weekly buying streak since June 2025. • Total inflows through July 9 reached $1.3 billion, supplemented by an additional $272 million in provisional purchases on Friday.

• Global oil prices surged over 4% and Asian stock markets declined following fresh military strikes between the US and Iran. • The escalation has reignited critical concerns regarding the security of the Strait of Hormuz, global inflation, and overall economic stability.

• Asian stock markets declined as oil prices surged following attacks in the Gulf, sparking fears of supply disruptions in the Strait of Hormuz. • Oil prices initially spiked by 5% before paring some gains, driven by escalating tensions between the U.S. and Iran.