Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop

Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop

By Stephen Culp and Ragini Mathur

Mon July 13, 2026  

The war has ramped up and consequently the markets have ramped down, all three indexes on a continuous downward spiral all day closing with 3-digit losses, the Nasdaq particularly hard hit closing down 408. The Dow suffered a little less due to oil spiking again, today up 9.4%, on account of further restricted traffic in the Strait of Hormuz. As today’s expert put it, “If the market were cheap, it’d be one thing. Now there’s less cushion and there continues to be a lot of unknowns.”  

Q2 reporting starts tomorrow with a number of big banks plus investors will be watching later this week for CPI and PPI.  Also coming this week is retail sales data to shed light on how well the all-important consumer (70% of the economy) is weathering the high price of gas. The forecast for Q2 earnings growth is now at 23.7%, a significant jump from April’s 19.2%. With all the uncertainty investors are being cautious, reflected in the way below trading volume of 15.9 billion vs the 21.8 average.  

DJ: 52,637.01  +149.60        NAS: 26,281.61  +74.72         S&P: 7,575.39  +31.75         7/10

DJ: 52,498.64  -138.37         NAS: 25,873.18  -408.43        S&P: 7,515.34  -60.06           7/13

Mon 7-13-26 4:27 pm Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop | Reuters