Dow Jones Shrugs Off Oil Shock While Nasdaq Takes a Breather
On July 22, 2026, U.S. stock markets showed mixed performance as an oil price spike driven by Middle East tensions created headwinds for growth stocks. The Dow Jones Industrial Average rose 0.2%, supported by traditional blue chips, while the Nasdaq Composite fell 0.1% as technology stocks paused after a rally. Brent crude surged near $94 per barrel after President Trump threatened to target Iranian infrastructure in response to ship attacks in the Strait of Hormuz. The 10-year Treasury yield remained at 4.6%, pressuring tech companies reliant on cheap financing for AI investments. Notable movers included Super Micro Computer (+17.5% on raised guidance), AT&T (+3.6% on earnings beat), and Nvidia (+2.6% on domestic manufacturing news), while Microsoft fell 2.1%. Markets are awaiting earnings reports from Tesla and Alphabet after the close.
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