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Markets Shift as Yen Rises, Oil Falls | Lubbock News
Description
Markets surged and stumbled amid global shifts: U.S. and Japan intervened to strengthen the yen, calming inflation fears but rattling oil prices. Trump’s Iran détente lifted energy stocks, while Japan’s Nikkei and Korea’s Kospi tumbled after Friday’s rally. In the U.S., big tech led the charge—Amazon soared on stellar AI-driven profits, Microsoft followed, but Apple slipped despite strong earnings due to supply chain snags. July’s volatility faded as indices closed higher, hinting at a market recalibrating around AI’s real-world impact.
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