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Weekly Wrap — Jul 17, 2026, 21:00 UTC
Crude Oil surged over 9% this week, a dramatic move echoing global tensions. A challenging week unfolded across major indices. The S&P 500 dipped 1.01% to $7,457.69. The tech-heavy NASDAQ Composite also fell, losing 1.40% to $25,520.244. Even Bitcoin couldn't escape the pressure, edging down 0.
Key takeaways
- Crude Oil surged over 9% this week, a dramatic move echoing global tensions.
- The S&P 500 dipped 1.01% to $7,457.69.
- Even Bitcoin couldn't escape the pressure, edging down 0.14% to $64,058.
Transcript
Crude Oil surged over 9% this week, a dramatic move echoing global tensions. A challenging week unfolded across major indices. The S&P 500 dipped 1.01% to $7,457.69. The tech-heavy NASDAQ Composite also fell, losing 1.40% to $25,520.244. Even Bitcoin couldn't escape the pressure, edging down 0.14% to $64,058. Our Fear & Greed Index now sits at 27, firmly in 'Fear' territory. Our clear winner was Crude Oil. It rocketed 4.46% to $81.77. Breaking news highlighted a surge over 9%. This came amid reports of a Hormuz blockade. Military strikes in the region fueled the commodity rally. Global supply concerns are now paramount. On the flip side, crypto asset STABLE plummeted 9.7%. This made it our biggest weekly percentage loser. Other major digital assets also felt the squeeze. Ethereum dropped 1.91% to $1,841. Solana lost 1.19%, trading at $74.97. The broader crypto market faced significant headwinds. Geopolitical tensions truly dominated this week's narrative. Iran missile strikes in the Gulf Region caused widespread market jitters. This directly impacted our soaring oil prices. Bitcoin even briefly dipped below $100K amid the uncertainty. Meanwhile, the Federal Reserve remained a key focus. Fed's Jefferson reaffirmed their 2% inflation target. He warned policy may shift if inflation persists. This signals continued vigilance from the central bank. Looking ahead, central bank actions will be critical. South Korea's central bank is poised to raise rates July 16. This would mark their first hike in three years. Keep an eye on global tightening trends. Also, watch for potential sector rotation. Analysis suggests Financials and Healthcare could outperform. They may lead the S&P 500 in the second half of 2026. Remember to monitor upcoming earnings and economic data. Stay informed, stay ahead. This is rawfin.tv.