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• ByteDance is targeting mass production of its proprietary CPU in H2 2027, with internal deployment already underway since late 2025, posing a structural demand threat to Nvidia (NVDA), AMD (AMD), and Arm Holdings (ARM) in the Chinese market.
• The final June Consumer Sentiment reading came in at 49.5, up from 44.8 in May, which was the lowest level on record, supported in part by a moderation in gasoline prices as the Strait of Hormuz situation eased.
• The S&P 500 fell approximately 2% on the week, closing below its 50-day moving average for the first time since April, while the Nasdaq lost close to 4.7% over the same period.
• SpaceX will join the Nasdaq 100 before trading opens on July 7, 2026, placing it among the 100 largest non-financial companies on the Nasdaq exchange.
• US Commerce Secretary Howard Lutnick confirmed in a letter to Anthropic that appropriate safeguards are in place to permit trusted partners to access Claude Mythos 5, ending a two-week government-enforced suspension.
• Trump announced via Truth Social that any country implementing a digital services tax would face an immediate 100% tariff on all goods exported to the United States, stating the measure would supersede any existing trade deal whether implemented, signed, or not.
US equities saw sharp single-stock volatility on June 26, 2026, with major movers spread across streaming, financial data, healthcare software, semiconductors, biotech, clean energy and AI infrastructure. The session was driven less by broad index direction and more by company-specific catalysts.
• US Central Command struck Iranian missile and drone storage locations and coastal radar sites on June 26, calling the IRGC's attack on the Ever Lovely a clear ceasefire violation.
• AAPL fell 6.12% on June 25 to close near $275.15, erasing an estimated $250 billion to $265 billion in market value in a single session.
• WTI crude settled near $69.23 a barrel on Friday, its lowest since late February, with Brent approaching $72 a barrel on the session.
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