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Stocks Fall Friday but open higher Monday on US Iran Hopes
Stocks Fall Friday, But Open Higher Monday on US/Iran Hopes — MPC Markets Morning Call, 27 July 2026
Wall Street's second straight weekly loss met three headwinds at once: Brent crude above $100 on Houthi attacks in the Red Sea, Alphabet's $205B capex guidance triggering the worst Mag Seven selloff since April 2025, and Trump's new tariffs on 60 economies. But Monday opens with cautious optimism — the US paused airstrikes on Iran after 13 consecutive nights, with Tehran signalling a reciprocal halt.
Mark covers the chip stock carnage (SOX's worst month since June 2022), why Intel fell 8%…
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