Wall Street ended a mixed week as Middle East tensions flared after President Trump declared an Iran ceasefire, even though talks continue and additional sanctions are expected. PepsiCo’s Q2 results underscored softer U.S. consumer demand, a near-term headwind for earnings momentum. Offsetting this, SK Hynix rose sharply on the largest-ever foreign IPO, helping support risk appetite despite geopolitical uncertainty.
Wall Street ended a mixed week as Middle East tensions flared after President Trump declared an Iran ceasefire, even though talks continue and additional sanctions are expected. PepsiCo’s Q2 results underscored softer U.S. consumer demand, a near-term headwind for earnings momentum. Offsetting this, SK Hynix rose sharply on the largest-ever foreign IPO, helping support risk appetite despite geopolitical uncertainty.
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