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Stock Market News — July 27, 2026 — Morning Update — Last 12 Hours (Pacific Time)

Markets rallied Monday as a U.S.-Iran hostilities pause sent oil prices tumbling 8%, boosting airlines and risk assets—but a bombshell report that China is manufacturing domestic DUV lithography machines triggered a brutal semiconductor selloff, with ASML, Lam Research, and AMD all down 5–8%+, signa
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