Bloomberg Television·2026-07-16 19:40Market Performance and Economic Indicators - The S&P 500 index declined by 0.3% (22 points), while the Nasdaq fell by nearly 1% (246 points) and the Nasdaq 100 dropped by 1.3% [7][47] - The Philadelphia Stock Exchange Semiconductor Index (SOX) experienced a significant downturn of 4.3% to 4.6% [7][47] - Spot gold prices fell 1.7% to $3,992 per ounce, continuing a downward trend below the $4,000 threshold [8][47] - West Texas Intermediate (WTI) crude oil traded at $78.86 per barrel, while Brent crude stood at $84.26 per barrel [8] - The 10-year Treasury yield was recorded at 4.57%, with the 2-year yield at 4.16% [7][47] - Eli Lilly announced an acquisition of Tidely for up to $3.8 billion, signaling increased investment in psychedelic medicine [48] - Abbott Labs surged 10.9% following an upward revision of its profit guidance based on strong second-quarter performance [48] Geopolitical and Legislative Developments - The U.S. House of Representatives saw a significant vote where 103 Democrats supported restricting aid to Israel, with 98 opposing the measure [5][102] - The House Budget Committee advanced a $95 billion spending package without offsets, though it faces significant opposition in the Senate [3][107][108] - U.S. authorities are investigating a teleprompter operator who allegedly placed $100,000 in bets based on confidential speech content [23][77] - Political analysts note that only 28% of Americans believe Donald Trump won the 2020 election, with the figure standing at approximately 50% among Republicans [31] - The U.S. has initiated tighter economic pressure and kinetic actions against Iran, including the targeting of a supertanker near Kharg Island [20]