$DIA

The S&P 500 rose 0.4% to 7,615.70, while the Nasdaq 100 gained 0.9% as crude oil prices fell. The Fed is expected to raise interest rates by 25 basis points. Retail sales and import prices exceeded expectations. Energy stocks declined, while tech and semiconductor sectors led gains. Forgent Power Solutions (FPS) surged 11.6% on strong earnings, while J.B. Hunt (JBHT) dropped 12.5% on earnings guidance.

Asset managers at Future Proof discuss ETF strategies ahead of a potential Fed rate hike. State Street's Mark Alberici and F/m Investments' Alex Morris highlight short-duration and fixed-income ETFs, citing products like BILS, SPTU, TBIL, and RBIL. State Street also notes its equity and alternative ETFs, including SPYM, DIA, QNDX, GLD, and ALLW. Milliman's Adam Schenck emphasizes healthcare ETFs, such as MHIG and MHIP, as safe havens.

U.S. military struck Iranian targets near the Strait of Hormuz, escalating tensions and raising oil prices. Brent crude rose 3.9% to $93.96, while WTI climbed 4.5% to $89.61. The U.S. Oil Fund (USO) gained 4.8%. President Trump confirmed the strikes, warning of stronger responses if Iran retaliates. U.S. equities, including SPY, QQQ, and DIA, declined.

Diageo's Cameronbridge distillery workers may strike over planned job cuts. Diageo aims to reduce roles, citing global restructuring. Unite the union alleges insufficient consultation. Diageo reports £595m after-tax profit for 2025. Strike ballot opens this week.

Bitcoin held near $64,000, up about 1.2% in 24 hours, while crypto-linked stocks fell in pre-market trading. Glassnode said BTC underperformed the S&P 500 in two of the last three sessions and only about one-third of days over three months. Circle (CRCL) fell over 3%, Robinhood (HOOD) about 2%, and Strategy (MSTR) about 1.5%.

London stocks ended lower as oil prices rose and investors awaited catalysts. The FTSE 100 fell 0.3% to 10,720.30 and the FTSE 250 fell 0.7%. Gold lifted miners Endeavour Mining, Fresnillo and Hochschild. Rightmove said August UK asking prices fell 2.0% month on month. Telecom Plus rose 6% on reiterated guidance.

Crypto-linked stocks fell Friday after Bitcoin dropped below $63,000. Strategy (MSTR) and Circle (CRCL) were down about 5% and nearly 5% in morning trade, respectively, with Bitmine (BMNR) down over 4%, Coinbase (COIN) around 3%, and Robinhood (HOOD) nearly 2%. The move followed a 2% BTC decline to about $62,500 and broader risk-off moves in SPY, DIA and QQQ.

London stocks ended mixed. FTSE 100 fell 0.2% to 10,867.89 despite strong results from WPP and Diageo. FTSE 250 rose 0.3% to 24,695.42. S&P Global said UK construction PMI rose to 44.7 in July from 38.4. Diageo gained 5.6% on 2026 results and a cost plan; WPP rose 29% on guidance.

ETF.com data shows $15.3 billion of net inflows in one day. SPY led with $4.13 billion, followed by IVV ($2.71B) and QQQ ($1.84B). GLD drew about $636.9 million. DIA and XLI also saw inflows. Semiconductor ETFs had redemptions, with SOXX down $1.16B and SMH down $402.9M. VTI led outflows at $2.18B.

Oil prices rose, with Brent up 3.8% to $82.49 and WTI up 2.8% to $77.29. European stocks closed mixed. Diageo gained 7% after announcing cost cuts to reverse declining profits, while Siemens fell after profit forecasts missed expectations. In Asia, tech indices declined on concerns about AI investment profitability following results from SanDisk and Western Digital. US indexes were slightly lower.