Market Update: Oil Shock, Yield Climb and a Chip Rout Knock Wall Street Off Balance, July 14, 2026

USER July 14, 2026

Oil, not megacap tech, set the tone this time

Wall Street's lead story on Monday, July 13, was the macro shock. Stocks sold off after President Donald Trump said the US was reinstating a blockade on Iranian shipping through the Strait of Hormuz, reviving fears of an energy supply hit and another inflation pulse. The S&P 500 fell 0.79% to 7,515.34, the Nasdaq Composite dropped 1.55% to 25,873.18 and the Dow Jones Industrial Average lost 138.37 points, or 0.26%, to 52,498.64, according to CNBC.