Market Open: Stocks Mixed, Chips Lag; Trump Wants U.S. Control of Hormuz • 7/13/26
CNBC Television
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July 13, 2026 at 02:31 PM UTC
Neutral
85% Confidence
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Key Points
- Wall Street indices showed mixed performance, with the Dow up, but the S&P 500 and Nasdaq down, heavily impacting chipmakers like Micron and AMD.
- Geopolitical events, including the end of the 'Iran war peace pause' and US strikes, led to former President Trump's call for US guardianship of the Strait of Hormuz, contributing to rising crude oil prices.
- Apple is suing OpenAI for alleged trade secret theft, claiming former Apple employees accessed confidential information after joining OpenAI.
- MGM Resorts shares gained after reports of a potential acquisition offer from Barry Diller's IAC/People Inc.
AI Summary
Wall Street experienced mixed trading with chipmakers struggling due to SK Hynix's post-IPO decline and broader sector weakness. Geopolitical tensions in the Middle East pushed oil prices higher, while Apple initiated a trade secret lawsuit against OpenAI.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Neutral | 85% |
| Consensus | Neutral | 85% |