🐳 WhalePool Traders Journal

#USMarketUpdate
Stocks are getting crushed after fresh Big Tech earnings, oil surge

Live updates

https://finance.yahoo.com/markets/live/stock-market-today-thursday-july-23-dow-sp-500-nasdaq-oil-bonds-earnings-084444369.html

Yahoo Finance

Stock market today: Nasdaq drops over 2%, Dow and S&P 500 tumble as Big Tech tanks, oil hits $100

Investors mostly kept their focus on AI spending growth and Big Tech earnings as surging oil prices exerted pressure on markets.

171 viewsedited 15:51

🐳 WhalePool Traders Journal

#USMarketUpdate
Wall St falls as tech earnings spark AI spending worries and oil hits $100 | Reuters

SUMMARY
Indexes down: Dow 0.97%, S&P 500 1.21%, Nasdaq 2.15%Oil prices surge, fueling worries about inflationTesla tumbles after result; Alphabet falls after hiking FY capex guidanceLockheed Martin rallies after lifting 2026 forecasts

July 23 (Reuters) - Wall Street indexes closed lower on Thursday with Nasdaq sinking more than 2% as the latest earnings updates from large technology companies revived concerns about heavy AI spending, while soaring oil prices amped up inflation worries, lifting bond yields.

The S&P 500 fell ‌more than 1% as losses were broad-based after investors were unimpressed by second-quarter results from Alphabet (GOOGL.O), opens new tab and Tesla (TSLA.O), opens new tab, the first of the heavyweight "Magnificent Seven" companies to report results this season.

Stocks came under additional pressure as Brent crude oil futures settled above $100 a barrel for the first time since May, and U.S. oil futures settled above $92.

Intensifying Middle East hostilities fanned worries about global oil supplies. The U.S. military launched another round of air strikes on Iran, and Iran fired at U.S. bases in nearby countries. U.S. President Donald Trump vowed "major military punishment" for Iran and Houthis, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea.

The resulting surge in oil prices prompted worries about inflation days before the next ⁠Federal Reserve policy meeting...

https://www.reuters.com/business/autos-transportation/wall-st-futures-ease-big-tech-results-revive-ai-spending-worries-oil-jumps-2026-07-23/

Wall St falls as tech earnings spark AI spending worries and oil hits US$100
https://www.straitstimes.com/business/companies-markets/wall-st-falls-as-tech-earnings-spark-ai-spending-worries-and-oil-hits-100

❤2

98 viewsedited 23:21

🐳 WhalePool Traders Journal

While You Were Sleeping: 5 stories you might have missed, July 24, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-july-24-2026

The Straits Times

While You Were Sleeping: 5 stories you might have missed, July 24, 2026

While You Were Sleeping: 5 stories you might have missed, July 24, 2026. Read more at straitstimes.com. Read more at straitstimes.com.

65 views23:26

🐳 WhalePool Traders Journal

#MarketMind
#TradingDay: Burn, baby, burn |
Reuters

July 23 (Reuters) - European and U.S. stocks slumped while bond yields shot higher on Thursday, with global markets rocked by oil's surge above $100 a barrel and earnings reports from two U.S. "Big Tech" companies that showed they are burning through cash at an alarming rate.

If you have more time to read, here are a few articles I recommend to help you make sense of what happened in markets today.

STOCKS: South Korea +4%, Japan +0.5%. Europe -1.3%, UK -0.7%. S&P 500 -1.2%, Nasdaq -2.2%.
SECTORS/SHARES: "Mag 7" shares, consumer discretionaries -5%, biggest falls since April last year. Industrials +1.8%. Tesla -15%, T-Mobile -11%, Alphabet -7%, Amazon -5%. Lockheed Martin +10%, Intel +12% after the bell.
FX: Dollar/yen shoots up towards 164.00, a new 40-year high. Euro 3-week low after ECB, South African rand world's worst performer, -3%, after central bank keeps rates on hold.
BONDS: 2-year JGB yield hits 1.50%, highest since 1995. 2-year German yield highest in two years. U.S. yields hit highest in 18 months, 30-year U.S. real yield highest ⁠since 2008. Ugly 10-year TIPS auction — highest yield since 2008.
COMMODITIES/METALS: Oil leaps 6-7%, now +40% y/y. Brent tops $100, WTI over $90. Gold -2%.

What could move markets tomorrow?

PMIs for Japan, euro zone, UK, U.S. (July)Japan CPI inflation (June)UK retail sales (June)European Central Bank chief economist Philip Lane speaksU.S. earnings, including American Express, Verizon