American Market Recap: US orders chip equipment companies to stop shipments to China's second-largest chipmaker

Tuesday, 28 Apr, 2026 Stocks US orders chip equipment companies to stop shipments to China's second-largest chipmaker The OpenAI report today hit chipmakers hard and now there is this: Reuters reports that the US Department of Commerce ordered chip equipment makers, including Applied Materials (AMAT), Lam Research (L News EU replaces its top trade official following deal with Trump Earlier today Politico reported (and now the FT confirms) that Sabine Weyand, the Director-General for Trade at the European Commission has been fired. The big surprise of last year's trade war to me Learn more News Iran expected to submit revised peace proposal soon - report CNN cites "sources close to the mediation process" and the report is from a journalist who is in Pakistan. This is a sign that they're negotiating. There are quick moves in risk assets higher and oil Stock market update Tech stocks face turbulence as energy sector surges Tech stocks face turbulence as energy sector surges Today's stock market scene unveils a dichotomy of fortunes across various sectors, with technology stocks encountering headwinds while the energy se News US April consumer confidence 92.8 vs 89.0 expected Prior was 91.8 The April 2026 release, with a survey cutoff of April 22, came in noticeably stronger than expected. The headline index rose to 92.8, up from 91.8 in March and well ahead of consensus n News US Richmond Fed March composite index +3 vs 0 prior Prior was 0 Services index 9 vs 9 prior Manufacturing shipments -2 vs -2 prior For background, the Federal Reserve Bank of Richmond's monthly Survey of Manufacturing Activity is one of five regional F News Trump: Iran has just informed us they want to open Hormuz as soon as possible On Truth: Iran has just informed us that they are in a “State of Collapse.” They want us to “Open the Hormuz Strait,” as soon as possible, as they try to figure out their leadership situation (Which Education From Speculation to Infrastructure: The Data Behind Crypto's Maturity Global confidence in traditional pillars of society—government and media—has eroded. The Edelman Trust Barometer 2025 reveals that business remains the sole institution retaining majority confidence, Learn more News US Case-Shiller February 20-city house price index -0.1% m/m vs +0.2% expected Prior was +0.2% Prices up 0.9% m/m vs 1.1% expected (1.2% prior) FHFA monthly home price 0.0% vs +0.1% prior (revised to +0.2%) FHFA prices +1.7% y/y vs 1.8% prior For background, the S&P Cotality

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