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Turbulent Month Leaves Stock Funds Up 10.6% So Far in 2026

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July was a good lesson for long-term fund investors: Don’t sweat the day-to-day moves.

Tech stocks were hammered one day, then celebrated the next, on the latest hints about the impact of artificial intelligence. International Business Machines stock dropped 25% on July 14, its worst day in the company’s century-old history; Apple shares fell a bracing 7.4% on July 31, the same day that Amazon.com rocketed 15%.

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