Developments in Chinese technology companies and artificial intelligence advancements contributed to changing sentiment around artificial intelligence stocks.
Developments surrounding Iran, oil markets, and rising bond yields added to inflation concerns.
The Federal Reserve kept rates unchanged at the July meeting, while markets looked for clearer signals on the timing of future rate decisions.
Growth remained positive, but Q2 GDP estimates pointed to a slowdown from the previous quarter.
Equities delivered mixed performance in July, while oil rose sharply and gold recorded its first monthly gain of the year.
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