Nasdaq leads Wall Street higher with Tesla, Alphabet earnings on deck
Wall Street closed sharply higher on Tuesday, July 21, 2026, led by a semiconductor rally that pushed the Nasdaq up 329 points (1.3%) to 25,837. The S&P 500 rose 66 points (0.9%) to 7,509, and the Dow Jones gained 385 points (0.7%) to 52,225. Investors looked past fresh geopolitical tensions in the Middle East and new US tariffs on Canadian imports, focusing instead on a busy corporate earnings week. Key earnings reports expected Wednesday include Alphabet, Tesla, and IBM after market close, along with Philip Morris, GE Vernova, and AT&T before the bell. Notable market movers included Tesla announcing a summer software update expanding Grok AI voice controls, Magnolia Oil & Gas acquiring WildFire Energy for $4 billion, Utz Brands being taken private by Intersnack Group for $2.9 billion, and Nvidia disclosing a 9.3% passive stake in Nebius Group. Several companies raised guidance, including Hasbro, 3M, and General Motors.
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