Finance

Apple shares fell sharply following its fiscal third-quarter earnings report, which contained a disappointing forward sales outlook. The decline put the company on track for its largest one-day market value drop on record, which was exacerbated by rising component costs and a revenue shortfall in its services division.

Ongoing military conflict involving Iran has sparked volatility across energy markets, pushing Brent and WTI crude prices higher. These rising energy costs have reintroduced inflation concerns, which in turn sent the 10-year U.S. Treasury note yield up to its highest intraday level in over a year.

Bitcoin prices fell below the $63,000 threshold on the final day of July, diverging from the broader upward momentum seen in traditional equities. The slide in cryptocurrency valuations was exacerbated by disappointing corporate earnings from major crypto firms and diminishing investor expectations regarding the near-term passage of the CLARITY Act.