Jul 11, 2026 · 5 min · 7 segments
How are markets responding to renewed tensions in the Middle East? And why did Samsung’s blockbuster earnings send shares lower? Plus, why didn’t SpaceX get the Nasdaq-100 boost investors were hoping…
When traders shut down their terminals last week for the long holiday weekend, they were hoping the peace deal in the Middle East would hold, that chipmaker earnings would fuel another AI rally, and that SpaceX's addition to a major stock index would give its shares another boost.
[upbeat music] "Here we go again." That's how analysts summed up Wall Street's mood this week.
Investors had spent the past two weeks betting that the worst of the conflict between the US and Iran was in the rear-view mirror.
Oil prices had fallen back to pre-war levels, and stocks climbed to fresh records.
But by Tuesday, missiles were flying again, and President Trump officially declared the ceasefire was over the next day.
The rally spilled over into energy stocks, which were beaten down during the peace trade.
Baker Hughes and Phillips 66 led the gains, with stocks climbing about 7 and 9%, respectively.
When traders shut down their terminals last week for the long holiday weekend, they were hoping the peace deal in the Middle East would hold, that chipmaker earnings would fuel another AI rally, and that SpaceX's addition to a major stock index would give its shares another boost.
[upbeat music] "Here we go again." That's how analysts summed up Wall Street's mood this week.
Investors had spent the past two weeks betting that the worst of the conflict between the US and Iran was in the rear-view mirror.
Oil prices had fallen back to pre-war levels, and stocks climbed to fresh records.
But by Tuesday, missiles were flying again, and President Trump officially declared the ceasefire was over the next day.
The rally spilled over into energy stocks, which were beaten down during the peace trade.
Baker Hughes and Phillips 66 led the gains, with stocks climbing about 7 and 9%, respectively.
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