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Hour in Review — 2026-07-30 04:00 UTC0 sources
Geopolitical and economic instability defined the hour, as U.S. military strikes against Iran signaled an escalation following a ballistic missile attack. The conflict, coupled with investor anxiety over a divided Federal Reserve’s decision to hold interest rates steady, contributed to a 1,100-point drop in the Dow Jones Industrial Average. Amidst this market volatility, the Trump administration advanced its protectionist agenda, announcing a ban on Chinese humanoid robots and power inverters citing national security concerns. While broader markets struggled, the tech sector showed resilience as Samsung and SK Hynix rebounded on strong AI demand. Other corporate developments included Chipotle raising its growth outlook and Sony initiating a buyout proposal for lens manufacturer Tamron.