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US Equity Markets Mixed as Oil Drops, Chip Shares Slide

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US equity indexes were mixed Tuesday as crude oil prices fell and semiconductor stocks led a pullback in technology shares.

* President Donald Trump said talks with Iran were continuing but again threatened to destroy Iranian bridges and power plants if no deal is made, CNN reported. Iran's military said any ships belonging to a country or company using frozen Iranian assets will be blocked from transiting the Strait of Hormuz, CNN said, citing Iranian state media.

* The Conference Board's measure of consumer confidence decreased to 90.8 in July from 92.2 in June, below the 92.4 expected in a Bloomberg survey.

* The Case-Shiller National Home Price Index rose 0.6% in May after a 0.8% increase in April, before seasonal adjustment. National home prices rose 1.1% after a 0.9% gain in April.

* September West Texas Intermediate crude oil fell $3.54 to settle at $79.07 per barrel, while September Brent crude, the global benchmark, was last seen down $4.58 at $83.78.

* IQVIA Holdings (IQV) shares rose 14%, the top gainer on the S&P 500, after the company reported an increase in Q2 adjusted earnings and revenue and raised its 2026 outlook.

* Corning (GLW) shares fell 12%, the second-biggest drop on the S&P, after the company reported Q2 results and set guidance for Q3.

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US Equity Markets Mixed as Oil Slides on Lull in US-Iran Strikes

US equity indexes were mixed Monday as crude oil declined on a lull in US strikes on Iran, while jitters over the AI trade increased.* The US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, multiple media outlets reported.* New orders for US durable goods rose 0.3% in June following a decline of 4% in May, compared with expectations for an increase of 1.8% in a survey compiled by Bloomberg.* September West Texas Intermediate crude oil tumbled $7.33 to settle at $81.98 per barrel, while September Brent crude, the global benchmark, was last seen down $9.02 at $87.76.* Salesforce (CRM) shares rose 6.1%, the top gainer on the Dow, after the US Department of Veterans Affairs on Friday awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.* Nvidia (NVDA) agreed to expand its partnership with South Korea's SK Group through an AI infrastructure initiative valued at more than $500 billion that will provide the US company with a stable supply of next-generation AI memory from SK hynix (SKHY). Separately, Nvidia is in talks to provide a $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio, the Wall Street Journal reported Sunday. Nvidia's shares dropped 5%, the steepest decliner on the Dow.

Dow JonesNasdaq CompositeS&P 500$CRM$MSFT$NVDA$SKHY
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Update: US Equity Indexes Mixed as Tech Heads Lower While Iran Strikes Remain Halted

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as investor concerns grew over circular investments in the artificial intelligence industry and as a pause in strikes on Iran entered its third day.The Dow Jones Industrial Average climbed 0.5% to 52,193.5, and the S&P 500 rose 0.1% to 7,419.7 ahead of Monday's close. The Nasdaq Composite slipped less than 0.1% to 24,964.2. Technology was the third-worst performer.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.4%, the Dow's steepest decliner. The SK Hynix stock plummeted 5.6%.Separately, Nvidia is in talks to provide a roughly $250 billion financial backstop for Microsoft-backed (MSFT) OpenAI as part of a massive data center project in southern Ohio that could cost more than $500 billion, The Wall Street Journal reported Sunday.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, fell 2.1%.In geopolitical news, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. "They asked us very nicely, 'Please stop, let's meet,'" Trump told reporters aboard Air Force One, according to CNN. "And that's where we are right now, see what happens. If we don't make a deal, we go back to the same thing."Iran's Foreign Ministry said there are no current negotiations with the US, CNN reported.Almost all of the 78 vessels that crossed the Strait of Hormuz since Saturday used the route designated by Iran, and none were recorded using the southern route near Oman's coast promoted by the US, CNN cited Marisks, a shipping intelligence group.The front-month US West Texas Intermediate sank 7.8% to $82.39 a barrel, and global benchmark North Sea Brent plunged 8.9% to $88.19 a barrel.

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US Equity Indexes Mixed, Crude Oil Sinks in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes traded mixed amid growing investor concerns over circular corporate investments and as crude oil prices plunged after a pause in Iran strikes entered its third day.The Dow Jones Industrial Average climbed 0.6% to 52,249.1, and the S&P 500 rose 0.1% to 7,420.2 after midday Monday. The Nasdaq Composite was little changed at 24,972.6.Energy and technology led decliners while communication services, consumer staples, and consumer discretionary topped the gainers.Nvidia (NVDA) has agreed to expand its partnership with South Korean conglomerate SK Group through an artificial intelligence infrastructure initiative valued at more than $500 billion. The deal announced Saturday includes a long-term partnership between Nvidia and SK Hynix (SKHY) that will provide the US technology giant a stable supply of next-generation AI memory. Nvidia's shares dropped 4.5%, one of the bottom five in the Dow. The SK Hynix stock plummeted 8%.VanEck Semiconductor ETF (SMH), with net assets of $77.2 billion, slumped 4.4%.Meanwhile, the US paused military attacks against Iran over the weekend, while Tehran also refrained from retaliatory action, according to a Commerzbank note. Meanwhile, Oman and Iran continued discussions on a transit arrangement for the Strait of Hormuz, with diplomats describing the negotiations as "moving in the right direction." Iranian officials likewise characterized the talks as "constructive."The front-month US West Texas Intermediate sank 6.3% to $83.65 a barrel, and global benchmark North Sea Brent plunged 6.9% to $90.09 a barrel.

Dow JonesNasdaq CompositeS&P 500$NVDA$SKHY$SMH