economy
CNBC Daily Open: Chips are down
Iran-backed Hezbollah rejected the U.S.-backed ceasefire terms agreed between Israel and Lebanon, demanding a full Israeli withdrawal first.
TL;DR
- Dow Jones hit an all-time high, and oil prices cooled due to optimism about the end of the Iran war.
- Chip stocks stumbled, with Broadcom's revenue miss dragging down the Nasdaq.
- Bitcoin continued its slide, erasing gains since the war began.
- Blackstone capped withdrawals from its private credit fund amid rising investor redemption requests.
- SpaceX is planning a record-breaking IPO, with major banks hosting client events.
- A flesh-eating parasite, the New World screwworm, was detected in Texas for the first time in decades.
- The 2026 FIFA World Cup is expected to boost hospitality, leisure, and retail stocks, according to Deutsche Bank and Goldman Sachs analysts.