Good evening, you're tuned to Markets Desk.
The biggest macro story moving markets this weekend is out of the Middle East. President Trump announced he's holding off on new strikes against Iran, citing what he described as an emerging deal among regional allies that would reopen the Strait of Hormuz and address Iran's nuclear program. If that waterway reopens, energy traders will reprice crude almost immediately, and risk assets broadly could catch a bid early next week.
Shifting to equities, GE HealthCare delivered a strong second quarter, posting record backlog and a healthy book-to-bill ratio driven by robust demand in diagnostics imaging. The company is also reviewing a potential sale of its Patient Care Solutions segment, which has underperformed. Investors responded positively, pushing shares higher as the core diagnostics business continues to demonstrate durable pricing power.
And in the space sector, the unwinding continues. SpaceX shares have shed roughly one point two trillion dollars in value since their IPO, dragging names like Rocket Lab lower alongside them. The message from institutional investors is clear — balance sheet discipline now matters more than growth narratives, and the premium that space stocks commanded for years is being systematically stripped away.
That's the tape. Markets Desk, signing off the floor.
