WS #13648

The dominant macro narrative remains the dovish Fed repricing following the weak July jobs report, with the S&P 500 closing at a record 7,757.51 (+0.62%) and the Nasdaq +1.30%. This is corroborated across multiple sources (GDELT, Seeking Alpha, European outlets). The key new development in this window is the Senate's passage (86-11) of the Lindsey Graham Russia/Iran sanctions bill, which empowers up to 100% tariffs on top buyers of Russian oil (China, India) — a potential oil-supply and trade-policy catalyst, though it needs House passage. This is corroborated by multiple GDELT items and CNN. Oil prices rose ~1% on Friday (WTI $78.18, Brent $83.55) on renewed Hormuz uncertainty, with a US official saying a deal is expected 'shortly' but Iran insisting on control/fees — a live risk. The Fed independence attack (Trump's attempt to fire Governor Cook) is ongoing but not new. In single-stock news, several notable moves: Akamai (AKAM) fell ~14.75% (weak guidance), Coherent (COHR) +10.54%, Palantir (PLTR) +8.72%, PubMatic (PUBM) +35% on strong earnings, AdvanSix (ASIX) -18.17% on weak guidance, Arrow Electronics (ARW) -8.45% despite revenue beat, Lucid (LCID) -13.9%, and HubSpot (HUBS) plummeting. These are isolated earnings moves, not sector-wide signals. The macro theme is STABLE/ESCALATING: the dovish repricing is intact, but the sanctions bill and unresolved Hormuz situation are new risk factors.