0717 | Chips Sink, Apple Tops Nvidia, Iran Strikes Kuwait Plant

Chip stocks are on the brink of a bear market, erasing much of a blistering 105% AI-driven rally as the selloff spills into global equities. Apple reclaims the title of world's most valuable company from Nvidia, buoyed by an HSBC upgrade tied to its agentic AI strategy. Oil prices climb after Kuwait reports Iran struck a water desalination plant, while gold and silver sink to multi-month lows. Sweetgreen rebounds as regulators trace a cyclosporiasis outbreak to Taco Bell lettuce. Netflix slips o

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Small Caps Hit 1991 Milestone While Diesel Tops $5

Small-cap stocks notch their best first half since 1991, diesel surges past $5 a gallon as Iran tensions rattle fuel markets, and Fed officials signal rates may need to go higher even as the housing market struggles. Plus, UnitedHealth raises its outlook, Eli Lilly bets $2.8 billion on psychedelics, and consumers face a mixed picture of inflation relief and rising grocery pressure.

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