Yields were mostly steady after the report
The S&P 500 shed 0.5%
The spike in energy prices sharpens investors' focus on inflation data
U.S. Central Command confirmed to MS NOW that the U.S. struck two rocket launchers on Iran's Larak Island
Yields on the long end of the Treasury curve sank
The Dow Jones Industrial Average shed 86 points, or 0.2%
The S&P 500 was headed for its third straight weekly advance
CPI for July increased by 0.1% month over month, matching expectations
AppLovin tumbled 19% on mixed quarterly results
Pakistan is considering a path toward establishing new peace negotiations
The 30-stock Dow jumped 827 points, or 1.6%
Investors took profits in tech
Oil prices were off their lows of the day
Inflation was top of mind for investors this week
West Texas Intermediate crude futures tumbled more than 17% to $93.42 a barrel
The Dow Jones Industrial Average traded down 125 points, or 0.3%
President Donald Trump had told aides he was willing to end military hostilities
International benchmark Brent crude futures rose 3% to above $112 per barrel
The S&P 500 fell 1.5%
The Nasdaq Composite gained 0.7%
President Donald Trump said in a Truth Social post that there won’t be a deal to end the U.S.-Iran war without an “unconditional surrender
The broad market index fell 0.8%
Investors remained on edge as crude prices extended gains
Nvidia and Broadcom were two of the key winners Friday
Shares of Broadcom jumped 2%
The S&P 500 gained 0.3%
Treasury yields spiked and the U.S. dollar declined
Chip plays led the market after Taiwan Semiconductor delivered another record quarter
Bank stocks were the hardest hit Monday
The 30-stock Dow climbed 337 points, or 0.7%