The U.S. Philadelphia Semiconductor Index (SOX) has retraced more than 20% from its June 22 closing record high, entering a bear market. The index fell 10% this week, its largest weekly decline since April 2025.

US oil-rig count for week to July 17 due in 10 minutes.

{"title":"Baltic Dry Index falls, posts weekly loss as capesize rates weaken","content":"Baltic Dry Index (BDI) fell 88 points (3.1%) to 2,752 on Friday, its lowest since July 3, and is down just over 6% for the week. The capesize index (BCI) slid 242 points (5.6%) to 4,097, down nearly 12% on the week; capesize daily earnings declined $2,196 to $33,653. Capesizes typically carry about 150,000 dwt of iron ore and coal. The panamax index (BPI) fell 9 points (0.4%) to 2,248, down 0.2% for the week; panamax daily earnings fell $80 to $20,236. The supramax index (BSI) rose 7 points (0.4%) to 1,737, its highest since August 2022, up 1.8% this week. The handysize index (BHSI) eased 1 point to 903."