S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
Oil Prices Surge as U.S.-Iran Conflict Threatens Strait of Hormuz Supply Route 
Asian Stocks Slide as Iran Tensions Escalate Despite Strong Weekly Gains 
U.S.-China Beef Trade Deal Hopes Rise Ahead of Trump-Xi Summit 
Gold Prices Rise as Weaker Dollar and U.S.-Iran Peace Hopes Boost Demand 
Saudi Aramco Q1 Profit Jumps 25% as Strait of Hormuz Crisis Reshapes Oil Exports 
US-Iran Ceasefire Under Pressure as Fresh Strait of Hormuz Clashes Shake Oil Markets 
China EV Truck Boom Accelerates as Iran War Drives Diesel Prices Higher 
Russian LNG Shadow Fleet Expands Amid Arctic LNG 2 Sanctions 
Wall Street Hits Record High as AI Chip Stocks and Strong U.S. Jobs Data Boost Markets 
US Trade Court Blocks Trump’s 10% Global Tariffs 
European Stocks Fall as US-Iran Conflict Rekindles Energy Supply Fears 
Japan’s Yen Intervention and BOJ Rate Hike Bets Support Currency Recovery 
Trump Signals Possible U.S.-Iran Peace Deal as Markets Rally on Hopes of War Ending 
Japan Tech Stocks Surge as AI Optimism Lifts SoftBank, Chipmakers 
China-Made Fireworks Power U.S. Independence Day Celebrations Amid Trade Truce 
Trump-Xi Meeting 2026: U.S.-China Trade Tensions Escalate Ahead of Beijing Summit 
Israel’s stock market closed higher on Sunday, with the TA 35 index surging 0.95% to reach a new all-time high. Gains in the insurance, real estate, and technology sectors propelled the market, reflecting investor confidence amid a broader global economic slowdown.
Top Performers Lead the Surge
Phoenix Holdings Ltd. emerged as the best performer of the session, jumping 4.31% to hit 5,060.00 points, its highest level in five years. The company’s performance was bolstered by strong quarterly earnings and robust demand in the insurance sector.
Airport City Ltd. also posted impressive gains, climbing 4.03% to 6,141.00 points, while Nova soared 4.01% to 70,090.00 points in late trading, reflecting the resilience of Israel’s technology sector.
In contrast, Camtek Ltd. and Tower Semiconductor Ltd. were among the worst performers, shedding 2.39% and 2.20%, respectively. Teva Pharmaceutical Industries Ltd. also declined, losing 1.93% to close at 6,247.00 points, reflecting challenges in the pharmaceutical industry.
Commodities and Currency Markets
While Israeli stocks gained, commodities saw mixed results. Crude oil prices fell, with January delivery down 1.61% to $67.20 a barrel. Brent oil for February delivery also dropped 1.35% to $71.12 a barrel. Gold futures, however, climbed 0.42% to $2,659.60 per troy ounce, reflecting investor caution amid global market volatility.
Currency markets painted a similar picture. The Israeli shekel strengthened against the U.S. dollar and euro, with USD/ILS down 0.56% to 3.57 and EUR/ILS falling 0.53% to 3.78. The U.S. Dollar Index rose 0.32% to 105.73, indicating continued dollar strength against a basket of major currencies.
