{"id":434018,"date":"2026-07-18T03:11:03","date_gmt":"2026-07-17T20:11:03","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-market-news-wrap-stock-markets-struggle-on-kimi-higher-oil-and-nflx-434018\/"},"modified":"2026-07-18T03:11:03","modified_gmt":"2026-07-17T20:11:03","slug":"investinglive-americas-market-news-wrap-stock-markets-struggle-on-kimi-higher-oil-and-nflx","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-americas-market-news-wrap-stock-markets-struggle-on-kimi-higher-oil-and-nflx-434018\/","title":{"rendered":"investingLive Americas market  news wrap: Stock markets struggle on Kimi, higher oil and NFLX"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-june-import-prices-0-3-vs-0-7-expected\" rel=\"follow\">US June import prices +0.3% vs -0.7% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-housing-starts-for-june-1-427-million-versus-1-310-million-estimate\" rel=\"follow\">US housing starts for June 1.427 million versus 1.310 million estimate.<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-june-industrial-production-0-1-vs-0-2-expected\" rel=\"follow\">US June industrial production +0.1% vs +0.2% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stock-market-update\/why-kimi-k3-is-adding-to-the-market-worries\" rel=\"follow\">Why Kimi K3 is adding to the market worries<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-july-prelim-umich-consumer-sentiment-54-4-vs-51-0-expected\" rel=\"follow\">US July prelim UMich consumer sentiment 54.4 vs 51.0 expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/technical-analysis\/meta-weighs-multibillion-dollar-ai-infrastructure-deal-with-anthropic\" rel=\"follow\">Meta weighs multibillion-dollar AI infrastructure deal with Anthropic<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/baker-hughes-oil-rig-count-up-7-to-452\" rel=\"follow\">Baker Hughes oil rig count up 7 to 452<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/iran-targeted-a-ship-trying-to-pass-through-hormuz-tasnim\" rel=\"follow\">Iran targeted a ship trying to pass through Hormuz &#8211; Tasnim<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-says-he-will-add-to-canadian-tariffs-due-to-wildfire-smoke-as-two-minnesota-fires-cross-into-canada\" rel=\"follow\">Trump says he will add to Canadian tariffs due to wildfire smoke as two Minnesota fires cross into Canada<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Nasdaq down 1.3%<\/li>\n<li>WTI crude oil up $2.94 to $81.89<\/li>\n<li>US 10-year yields down 2 bps to 4.55%<\/li>\n<li>Gold up $42 to $4011<\/li>\n<li>CAD leads, GBP lags<\/li>\n<li>S&amp;P 500 down 0.9%<\/li>\n<\/ul>\n<p>The starting point for the market on Friday was worries about Kimi K3, which is an open source model from Moonshot that&#8217;s hitting benchmarks close to the latest models from Anthropic and OpenAI. That led to some angst that the model layer has no moat and a broader chip selloff on fears that new models could render spending on training to be uneconomical. With that, chip names opened lower and the Nasdaq struggled.<\/p>\n<p>Notably though, many chip names reversed shortly after the open and Micron ranged from $804 to $903 before closing at $847, down 0.7%. Nvidia was a loser down 2.3% as many of its chips are used for training rather than inference. All the Mag7 names save for Apple (which was flat) were lower.<\/p>\n<p>In single-stock news, Netflix fell 7% on earnings and Intuitive Surgical plunged 14%.\ufeff<\/p>\n<p>Later, rising oil prices hurt the market. There were no signs of de-escalation into the weekend and both sides traded escalatory threats as strikes continued into the close. Oil finished at a one-month high and crack spreads continue to blow out.<\/p>\n<p>Gold made something of a comeback as Goldman Sachs reported on central bank buying. It was notably lower earlier before finishing $50 above the bottom.<\/p>\n<p>Late in the day, Trump threatened Canada with tarifs over wildfires but the market surmized he was blowing smoke and the loonie was the top performer.<\/p>\n<p>On the week:<\/p>\n<ul>\n<li>S&amp;P 500 down 1.55%<\/li>\n<li>Nasdaq -2.9%<\/li>\n<li>DJIA -0.9%<\/li>\n<\/ul>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US June import prices +0.3% vs -0.7% expected US housing starts for June 1.427 million versus 1.310 million estimate. US June industrial production +0.1% vs +0.2% expected Why Kimi K3 is adding&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-434018","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=434018"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/434018\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=434018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=434018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=434018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}