Trump extended Iran strike talks deadline Friday after Wall Street suffered its worst day since Middle East conflict began. Traditional 60-40 portfolios posted worst monthly losses since 2022 as stocks and bonds slumped in tandem per FT reporting. Investors found nowhere to hide.
Ships abandoned cargo routes to haul fuel as prices soared. Shipping costs jumped nearly $5B since war started. Fertilizer prices spiked from Minnesota to Punjab threatening global harvests. The food crisis intensified.
TGT Target faced teacher union boycott calls for back-to-school purchases marking fresh consumer pressure. GD General Dynamics grabbed headlines as Bath Iron Works shipyard strike ended with new contract approval.
CRWD CrowdStrike led security stock collapse Friday. Anthropic AI security report triggered sector selloff. PANW Palo Alto Networks and ZS Zscaler absorbed losses as artificial intelligence questioned cybersecurity value proposition.
Space stocks surged on SpaceX IPO filing reports. LUNR Intuitive Machines and ASTS AST SpaceMobile jumped despite broader market weakness.
European stocks swung wildly tracking Iran war developments. Markets initially rebounded Thursday on de-escalation signals before reversing Friday. UK watchdog froze Bank of London client assets slapping £2M fine for capital misrepresentation.
BIIB Biogen announced second positive Phase 2 lupus trial data showing significant skin disease reduction. NOVO B Novo Nordisk gained on FDA Awiqli diabetes approval bolstering 2026 portfolio recovery.
Private credit faced stale pricing scrutiny per FT analysis warning valuation frequency impacts market resilience.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
