First Look: CXMT Surges, Fed Holds, Oil and Tech in Focus

This is Guru Focus first look, your morning market brief for Monday, July 27. Here are the stories driving markets today. Chinese memory chip maker CXMT surged 466% on its first trading day in Shanghai after raising $8.6% billion in Asia's largest initial public offering this year, making it China's most valuable onshore listed company.Turning now to global markets, stocks and US futures rallied while oil prices plunged as the United States signaled a pause in strikes against Iran, easing geopolitical tensi ...