White House National Economic Council director Hassett said he does not believe markets are in a bubble because of AI advances.

The Hill reported that despite growing Republican unease about a widening war and its impact on energy prices, Senate Republicans on Thursday blocked a motion to discharge a Senate Foreign Relations Committee measure to the floor that would have required Trump to withdraw U.S. forces from hostilities with Iran without congressional authorization. The motion was defeated 49-50. Thursday's vote was the Senate's 13th on Iran war-powers measures; Republicans had previously blocked 11 attempts to halt the hostilities.

Euro area industrial sentiment index -6.1 in July, vs -7 expected; June reading revised to -7.5 from -7.7.