{"id":999,"date":"2026-07-29T10:56:16","date_gmt":"2026-07-29T10:56:16","guid":{"rendered":"https:\/\/goontrading.com\/en\/daily-summary-chip-war-weighs-on-wall-street-as-oil-plunges-after-us-iran-ceasefire-%e2%ad%90\/"},"modified":"2026-07-29T10:56:16","modified_gmt":"2026-07-29T10:56:16","slug":"daily-summary-chip-war-weighs-on-wall-street-as-oil-plunges-after-us-iran-ceasefire-%e2%ad%90","status":"publish","type":"post","link":"https:\/\/goontrading.com\/en\/daily-summary-chip-war-weighs-on-wall-street-as-oil-plunges-after-us-iran-ceasefire-%e2%ad%90\/","title":{"rendered":"Daily Summary: Chip War Weighs on Wall Street as Oil Plunges After US\u2013Iran Ceasefire \u2b50"},"content":{"rendered":"

\ud83d\ude80 Experience Ultra-Low Latency Trading<\/a> — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker<\/a><\/strong><\/p>\n

\u00a0<\/p>\n

\n

\ud83d\udcc8 Stock Market<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n
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  • \n

    Little trace remains on Wall Street of the initial euphoria triggered by news of a ceasefire between the US and Iran.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Key US indices are currently trading in the red.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    S&P 500 is down about 0.3%<\/span><\/span><\/span><\/span><\/span><\/span>, <\/span><\/span><\/span><\/span><\/span><\/span>Nasdaq 100 falls nearly 0.7%<\/span><\/span><\/span><\/span><\/span><\/span>, while only <\/span><\/span><\/span><\/span><\/span><\/span>Dow Jones remains marginally in positive territory<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Pressure is focused primarily on the <\/span><\/span><\/span><\/span><\/span><\/span>semiconductor sector<\/span><\/span><\/span><\/span><\/span><\/span> and companies tied to the memory market.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Micron falls over 5.5%<\/span><\/span><\/span><\/span><\/span><\/span>, <\/span><\/span><\/span><\/span><\/span><\/span>Sandisk drops nearly 12%<\/span><\/span><\/span><\/span><\/span><\/span>, and <\/span><\/span><\/span><\/span><\/span><\/span>Nvidia drops over 5%<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Meanwhile, <\/span><\/span><\/span><\/span><\/span><\/span>hyperscalers are faring somewhat better, posting gains today<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The deterioration in sentiment was driven by reports on <\/span><\/span><\/span><\/span><\/span><\/span>China’s progress in developing its own semiconductor manufacturing equipment<\/span><\/span><\/span><\/span><\/span><\/span>, which could threaten the position of European industry leader <\/span><\/span><\/span><\/span><\/span><\/span>ASML<\/span><\/span><\/span><\/span><\/span><\/span> in the future.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Reports indicate that Beijing is developing domestic <\/span><\/span><\/span><\/span><\/span><\/span>DUV (Deep Ultraviolet Lithography) equipment<\/span><\/span><\/span><\/span><\/span><\/span>, a key technology used to produce advanced chips.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    This news heightened investor concerns over <\/span><\/span><\/span><\/span><\/span><\/span>growing competition in the semiconductor sector<\/span><\/span><\/span><\/span><\/span><\/span> and its <\/span><\/span><\/span><\/span><\/span><\/span>potential impact on the future results of Western manufacturers<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Furthermore, tech tensions between the US and China were underscored by <\/span><\/span><\/span><\/span><\/span><\/span>Donald Trump’s statement<\/span><\/span><\/span><\/span><\/span><\/span> regarding AI competition: <\/span><\/span><\/span><\/span><\/span><\/span>“They are looking at us, we are looking at them.”<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    These words were interpreted as a sign that the <\/span><\/span><\/span><\/span><\/span><\/span>strategic battle for dominance in AI and key technologies<\/span><\/span><\/span><\/span><\/span><\/span> remains one of the market’s top themes.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Consequently, the <\/span><\/span><\/span><\/span><\/span><\/span>AI and semiconductor segment<\/span><\/span><\/span><\/span><\/span><\/span> took the hardest hit\u2014a sector that served as a main growth driver on Wall Street in recent years.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Investors worry that the development of China’s chip industry could <\/span><\/span><\/span><\/span><\/span><\/span>limit the long-term advantage of American and European technology firms<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The session in the Old Continent ended in a decidedly better mood<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    European equity sentiment was buoyed primarily by the <\/span><\/span><\/span><\/span><\/span><\/span>ceasefire in the Persian Gulf<\/span><\/span><\/span><\/span><\/span><\/span>, which eased fears of further escalation and energy price pressures.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    The UK’s <\/span><\/span><\/span><\/span><\/span><\/span>FTSE 100 gained 0.4%<\/span><\/span><\/span><\/span><\/span><\/span>, as did France’s <\/span><\/span><\/span><\/span><\/span><\/span>CAC 40<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

  • \n

    Germany’s <\/span><\/span><\/span><\/span><\/span><\/span>DAX rose over 1.3%<\/span><\/span><\/span><\/span><\/span><\/span>, while Spain’s <\/span><\/span><\/span><\/span><\/span><\/span>IBEX 35 closed the day up 0.8%<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

    \ud83c\udf10 Geopolitics & Macroeconomics<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n
      \n
    • \n

      Unquestionably, the main catalyst driving market events in the first half of the day was the <\/span><\/span><\/span><\/span><\/span><\/span>cessation of hostilities between the United States and Iran<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Donald Trump stated that the US decided to halt further strikes against Iran following a <\/span><\/span><\/span><\/span><\/span><\/span>request from mediating nations<\/span><\/span><\/span><\/span><\/span><\/span> asking to give negotiations another chance.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      The US President indicated that <\/span><\/span><\/span><\/span><\/span><\/span>intensive talks with Iran are currently underway<\/span><\/span><\/span><\/span><\/span><\/span>, though he noted that <\/span><\/span><\/span><\/span><\/span><\/span>time to achieve a breakthrough is limited<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Simultaneously, Trump emphasized that if an agreement is not reached, the US is prepared to <\/span><\/span><\/span><\/span><\/span><\/span>return to decisive military action<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      For markets, this primarily brings a <\/span><\/span><\/span><\/span><\/span><\/span>reduction in short-term pressure<\/span><\/span><\/span><\/span><\/span><\/span> related to conflict escalation risks and potential energy price surges.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Lower oil prices ease <\/span><\/span><\/span><\/span><\/span><\/span>fears of renewed inflation<\/span><\/span><\/span><\/span><\/span><\/span>, serving as a positive driver for risk assets and influencing <\/span><\/span><\/span><\/span><\/span><\/span>expectations for future Federal Reserve decisions<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      At the same time, markets remain cautious as the current ceasefire <\/span><\/span><\/span><\/span><\/span><\/span>does not yet signal a lasting resolution to the conflict<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Trump’s rhetoric indicates this is merely a <\/span><\/span><\/span><\/span><\/span><\/span>temporary pause for negotiations<\/span><\/span><\/span><\/span><\/span><\/span> rather than a definitive end to military action.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Should talks fail, a <\/span><\/span><\/span><\/span><\/span><\/span>resurgence of Middle East tensions<\/span><\/span><\/span><\/span><\/span><\/span> could once again translate into rising oil prices and <\/span><\/span><\/span><\/span><\/span><\/span>worsening sentiment across global financial markets<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Currently, markets are focused on whether <\/span><\/span><\/span><\/span><\/span><\/span>diplomatic efforts will lead to a lasting agreement<\/span><\/span><\/span><\/span><\/span><\/span> between the US and Iran.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

    • \n

      Maintaining the ceasefire would serve as a tailwind for market sentiment by ensuring <\/span><\/span><\/span><\/span><\/span><\/span>lower geopolitical risk<\/span><\/span><\/span><\/span><\/span><\/span>, <\/span><\/span><\/span><\/span><\/span><\/span>less pressure on energy prices<\/span><\/span><\/span><\/span><\/span><\/span>, and <\/span><\/span><\/span><\/span><\/span><\/span>reduced concerns over the conflict’s impact on the global economy<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

      \ud83d\udee2\ufe0f Commodities<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n
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      • \n

        Ceasefire news was immediately reflected in the oil market, where <\/span><\/span><\/span><\/span><\/span><\/span>crude prices plunged sharply<\/span><\/span><\/span><\/span><\/span><\/span> due to reduced fears of further escalation in the Middle East and potential global energy supply disruptions.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

      • \n

        A decline in the geopolitical risk premium triggered a <\/span><\/span><\/span><\/span><\/span><\/span>clear sell-off in Brent crude<\/span><\/span><\/span><\/span><\/span><\/span>, which reacted to prospects of easing tensions between Washington and Tehran.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

        \ud83e\ude99 Precious Metals<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n
          \n
        • \n

          A <\/span><\/span><\/span><\/span><\/span><\/span>cautiously balanced optimism<\/span><\/span><\/span><\/span><\/span><\/span> prevails in the precious metals market.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

        • \n

          Gold futures are up about 0.5%<\/span><\/span><\/span><\/span><\/span><\/span>, approaching the <\/span><\/span><\/span><\/span><\/span><\/span>$4,100 level<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

        • \n

          Silver futures gain 0.7%<\/span><\/span><\/span><\/span><\/span><\/span>, hovering around <\/span><\/span><\/span><\/span><\/span><\/span>$58<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

          \ud83e\ude99 Cryptocurrencies<\/span><\/span><\/span><\/span><\/span><\/span><\/h3>\n
            \n
          • \n

            Positive sentiment is also present in the digital assets market.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

          • \n

            Bitcoin gains about 0.3%<\/span><\/span><\/span><\/span><\/span><\/span>, testing the <\/span><\/span><\/span><\/span><\/span><\/span>$65,000 level<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n

          • \n

            Ethereum rises nearly 1%<\/span><\/span><\/span><\/span><\/span><\/span>, trading around <\/span><\/span><\/span><\/span><\/span><\/span>$1,940<\/span><\/span><\/span><\/span><\/span><\/span>.<\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<\/li>\n<\/ul>\n

            \u00a0<\/p>\n<\/div>\n

            XTB.COM<\/p>\n","protected":false},"excerpt":{"rendered":"

            \ud83d\ude80 Experience Ultra-Low Latency Trading — \ud83d\udee1\ufe0f Trade with a Regulated Global Broker \u00a0 \ud83d\udcc8 Stock Market Little trace remains on Wall Street of the initial euphoria triggered by news of a ceasefire between the US and Iran. Key US indices are currently trading in the red. S&P 500 is down about 0.3%, Nasdaq 100 …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40],"tags":[],"class_list":["post-999","post","type-post","status-publish","format-standard","","category-gold-commodities-trade-news"],"_links":{"self":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/999","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/comments?post=999"}],"version-history":[{"count":0,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/posts\/999\/revisions"}],"wp:attachment":[{"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/media?parent=999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/categories?post=999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goontrading.com\/en\/wp-json\/wp\/v2\/tags?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}