Stocks slide and oil climbs as US/Iran optimism fades - Newsquawk US Market Wrap

Fed Chair Warsh reportedly willing to hike in September if inflation prints in the coming weeks are hot; US initial and continuing claims little changed W/W; US Challenger Job cuts ease in July; Iran strikes hostile targets in Strait of Hormuz; Indirect contacts between the US and Iran have reportedly entered the final stage; Houthis carried out a large-scale, specialised military operation targeting Saudi enemy troop concentrations; Draft details of Hormuz arrangements ban US and Israeli ships; SNDK & WDC guidance underwhelms; DDOG earnings fail to meet lofty expectations; GOOGL files to sell US-denominated bonds in 10 tranches.

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