Markets staged a volatile recovery today, with the Dow climbing 600 points on strong corporate earnings from firms like Boeing and Hilton, even as investors rotated capital away from the semiconductor sector. Chip stocks faced a punishing selloff, marking one of the worst monthly declines on record and fueling broader debates over the sustainability of aggressive AI spending. Meanwhile, major financial institutions officially endorsed the Clarity Act. Geopolitically, the wire remains focused on the convergence of tensions in Ukraine and Iran following recent strikes and high-level diplomatic meetings, while domestic politics saw calls for Senator Mitch McConnell’s resignation and the funeral ceremony for Senator Lindsey Graham. Other notable corporate activity included Visa’s planned 7% workforce reduction and the disclosure of a Federal Trade Commission investigation into Shein’s U.S. operations.