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Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop | Reuters

SUMMARY
Indexes down: Dow 0.26%, S&P 500 0.79%, Nasdaq 1.55%
Fed Chair Warsh testimony, big bank earnings due on Tuesday
SK Hynix US shares fall after Friday's strong debut
Memory-chip makers lead losses on S&P 500

NEW YORK, July 13 (Reuters) - Tech shares pulled U.S. stocks lower on Monday after President Donald Trump announced that he ​would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities that sent oil prices jumping and dampened risk appetite.

Investors stared down ‌what promised to be an eventful week packed with earnings, economic data and congressional testimony from U.S. Federal Reserve Chair Kevin Warsh.

Among the three major U.S. stock indexes, the tech-laden Nasdaq led the losses, followed by the S&P 500. The Dow's drop was cushioned by rising energy stocks (.SPNY), opens new tab, which were boosted by spiking crude prices due to restricted traffic through the Strait of Hormuz...

Amid the ongoing AI fervor of recent months, chip stocks have tended to take the lead through rally and selloff. The Philadelphia SE Semiconductor Index (.SOX), opens new tab ​was the clear underperformer, with constituents SanDisk (SNDK.O), opens new tab, Marvell Technology (MRVL.O), opens new tab and Intel (INTC.O), opens new tab dropping between 6.1% and 12.6%.

U.S.-listed shares of South Korean chipmaker SK Hynix sank 9.3% after rising more than 12% on Friday ​in their Nasdaq debut.

U.S. and Iran exchanged heavy airstrikes over the weekend, marking a sharp escalation in the scale and reach of attacks which prompted Trump to revive the U.S. blockade on Iranian ports, raising concerns about the path forward for peace negotiations. Crude prices surged, settling up 9.4%, fueling worries that strained supply and upward energy price pressures could broaden into long-term, systemic inflation...

Warsh is due to sit for ​his first semiannual testimony before Congress on Tuesday and Wednesday, during which the new head of the central bank will be questioned regarding the inflationary effects of the U.S.-Iran war ​and the Fed's likely course of action.

Markets are pricing in at least one 25-basis-point rate hike by year-end, according to LSEG data.

To that end, the Labor Department is expected to release its ‌consumer (CPI) and producer (PPI) ⁠price indexes this week, which will give markets and the Fed a glimpse at the extent to which the on-again-off-again U.S.-Iran war affected price growth in June.

The Commerce Department's June retail sales data will provide insight into how well the consumer, who accounts for about 70% of the U.S. economy, is weathering the price squeeze at the gasoline pump and elsewhere.

The Dow Jones Industrial Average (.DJI), opens new tab fell 138.31 points, or 0.26%, to 52,498.70, the S&P 500 (.SPX), opens new tab lost 59.92 points, or 0.79%, to 7,515.47 and the Nasdaq Composite (.IXIC), opens new tab lost 408.43 points, ​or 1.55%, to 25,873.18.

Among the 11 major ​sectors of the S&P 500, tech shares (.SPLRCT), opens new tab suffered ⁠the biggest percentage loss, while energy led the gainers.

Major financial firms Bank of America (BAC.N), opens new tab, Citigroup (C.N), opens new tab, Goldman Sachs (GS.N), opens new tab, JPMorgan Chase (JPM.N), opens new tab and Wells Fargo (WFC.N), opens new tab were all slated to report quarterly results on Tuesday, marking the unofficial start of second-quarter earnings season.

Analysts currently expect aggregate second-quarter S&P 500 earnings growth of 23.7% year on year, up from the 19.2% estimates as of ⁠April 1, ​according to LSEG...

https://www.reuters.com/business/sp-500-nasdaq-futures-decline-us-iran-escalation-rattles-sentiment-2026-07-13/

US stocks close lower as Iran tensions dampen risk appetite; chipmakers drop
https://www.straitstimes.com/business/companies-markets/us-stocks-close-lower-as-iran-tensions-dampen-risk-appetite-chipmakers-drop
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<Full-day Takeaway>HSI Closes at 24,340, Up 127 pts; HSTI Closes at 4,679, Up 3 pts; CHALCO Up over 9%; Market Turnover Rises
AASTOCKS Financial News - Top News
2026/07/14 16:12 GMT+08

At close, HSI rose 127 pts or 0.5% to 24,340. HSTI rose 3 pts or 0.1% to 4,679. HSCEI gained 37 pts or 0.5% to 8,103. Market turnover reached $312.92 billion.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533152/top-news/AAFN
#HKMarketUpdate
<H Shrs>HSI Ends Up 127 pts as BIDU-SW Slumps 7%+; XL2CSOPHYNIX Ticks Up 9%
AASTOCKS Financial News - Top News
2026/07/14 16:35 GMT+080

The HSI finished the day at 24,340, up 127 pts or 0.52%, with full-day market turnover reaching HKD312.916 billion. The HSCEI ended at 8,103, up 37 pts or 0.46%. The HSTECH closed at 4,679, up 3 pts or 0.06%.

https://www.aastocks.com/en/stocks/news/aafn-con/NOW.1533159/top-news/AAFN