REAR VIEW: NVDA earnings beat & strong guidance; Trump admin told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June; Initial and continuing claims fall W/W beneath exp.; White House on Iran said no negotiations happening right now and all options remain on the table; Iran said will not allow US, French, and UK vessels to enter the region of Hormuz; Fed's Hammack said now is the time to act, argues for higher rates; WH reportedly mulls a new round of tariffs on chips; CRM and CRWD earnings beat expectations.

“What’s really going to matter here is the guide. And it’s not the growth that’s the question, but the rates at which that growth is either accelerating or decelerating.”

Mixed US PCE report, in-line core, headline above consensus; US Q2 GDP unrevised as expected; Durable goods rise more than expected; Trump says he is "not in a hurry" with Iran;…