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Rose with other US benchmarks as a US-Iran peace framework to reopen the Strait of Hormuz pushed crude oil prices lower.

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Asia Markets

US Equity Indexes Fall This Week as Mag-7 Disappoint Bulls, Treasury Yields Jump With Crude Oil Amid Houthis' Red Sea Attacks

US equity indexes fell this week as quarterly results from Magnificent-7 stalwarts failed to lift markets, while soaring crude oil prices lifted government bond yields and fueled expectations of monetary policy tightening this year.* The S&P 500 closed at 7,411.98 on Friday versus 7,463.83 a week ago. The Nasdaq Composite stood at about 24,975.82, compared with 25,538.79 a week earlier. The Dow Jones Industrial Average ended at 51,947.25, versus 52,214.63 at the end of last week.* Alphabet (GOOG, GOOGL) raised its 2026 CapEx outlook by $15 billion to accelerate AI-related demand and reported a negative free cash flow of $5.9 billion in Q2. The stock slumped 7.8% this week.* Tesla (TSLA) reported an unexpected year-over-year decline in Q2 adjusted earnings, and its CapEx surged to $8.28 billion in H1 from $3.89 billion a year ago. Shares sank 18% this week.* Brent crude oil futures blew past the $100 mark this week for the first time since the now-defunct ceasefire deal was signed in June. The US has struck Iran for 13 straight nights to neutralize threats to maritime traffic in the Strait of Hormuz. Meanwhile, President Donald Trump warned Washington will "punish" Tehran if its allies in Yemen, the Houthi rebels, continue targeting cargo shipments in the Red Sea chokepoint.* The US 10-year Treasury yield traded at 4.68% late Friday after touching its highest in a year this week as surging crude oil sparked inflation concerns. The two-year yield also hit a 52-week high this week, heading for a close at around 4.34%.* Next week, the probability of the Federal Reserve raising interest rates by 25 basis points rose to 38% from 13% a week ago, the CME FedWatch tool showed Friday. The likelihood of an increase of the same magnitude jumped across September, October, and December, a departure from last week when soft inflation prints lowered the probabilities of a policy tightening.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$TSLA
Japan

US Equity Markets Mixed as Oil Prices Decline on Efforts to Mediate Peace Between US, Iran

US equity indexes were mixed Friday as crude oil declined amid China-backed Pakistani efforts to mediate peace between the US and Iran.* Pakistan is exploring a pathway to restart stalled peace negotiations between the US and Iran following a Chinese initiative, Reuters reported Friday, citing three Pakistani sources.* The July flash reading of manufacturing conditions from S&P Global slipped to 53.8 from 53.9 in June, compared with 54.4 expected in a survey compiled by Bloomberg.* August West Texas Intermediate crude oil fell $2.61 to settle at $89.58 per barrel, while September Brent crude, the global benchmark, was last seen down $3.47 at $97.22.* Salesforce (CRM) shares were up about 4.3%, the top gainer on the Dow, after the company said Friday the US Department of Veterans Affairs awarded the company, through its distribution network, a three-year $1.6 billion agentic enterprise license agreement.* C.H. Robinson Worldwide (CHRW) shares were down nearly 9.2%, among the worst performers on the S&P 500, after the company said a jury in Dallas County, Texas, issued a $604 million advisory verdict against the firm and two other defendants in a lawsuit stemming from a trucking accident involving an independent motor carrier.

Dow JonesNasdaq CompositeS&P 500$CHRW$CRM
Japan

Update: US Equity Indexes Mixed as Technology Declines in Final Leg of Trading

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of Friday's close, as technology led decliners on sector charts while crude oil fell with government bond yields.The Dow Jones Industrial Average rose 0.3% to 51,877.1, while the S&P 500 was little changed at 7,405.4 and the Nasdaq Composite slipped 0.6% to 24,983.7. Real estate, materials, and communication services topped the gainers.The Dow Jones Industrial Average rose 0.3% to 51,877.1, and the S&P 500 was little changed at 7,405.4. The Nasdaq Composite slipped 0.6% to 24,983.7. Real estate, materials, and communication services topped the gainers.Pakistan is exploring a path toward a resumption of stalled talks between the US and Iran over ending the war, following a push initiated by China, Reuters reported, citing sources, on Friday.Exploratory discussions took place during a visit by Iran's Interior Minister Eskandar Momeni to Islamabad this week -- his second within the last 10 days, three Pakistani sources told the news agency. All three sources cautioned that obstacles to any talks with the US remained high, per the news report.Despite threats from the Iran-aligned Houthis, tracking data showed two oil tankers sailing through the Gulf of Aden on Friday, CNN reported. The Houthi attacks on two Saudi Arabian tankers in the Red Sea chokepoint on Thursday forced several other tankers to turn around and head north through the Suez Canal, potentially using a much longer route to reach Asia by sailing around Africa, Reuters reported.The front-month US West Texas Intermediate dropped 3.3% to $89.14 a barrel, and global benchmark North Sea Brent slumped 4.1% to $96.51 a barrel, retreating from a surge this week amid the Houthi attacks in the Red Sea targeting Saudi crude oil exports.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note, referring to Brent crude surpassing the $100 mark Thursday for the first time since the US-Iran ceasefire agreement in June. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Most US Treasury yields fell in the final leg of trading on Friday as a decline in crude oil helped keep a lid on inflation worries. The 10-year declined two basis points to 4.68%, retreating from its highest seen in a year on Thursday. The two-year dropped 2.7 basis points to 4.33%, after yields hit fresh 52-week highs twice this week.

Dow JonesNasdaq CompositeS&P 500
Update: Equity Markets Mostly Rise Intraday; Oil Retreats
US Markets

Update: Equity Markets Mostly Rise Intraday; Oil Retreats

(Updates with latest market prices and developments.)US benchmark equity indexes were mostly higher intraday as oil prices pulled back, with traders apparently shaking off worries over heightened tensions in the Middle East and President Donald Trump's new phase of global tariffs.The Dow Jones Industrial Average was up 0.5% at 51,989 after midday Friday, while the S&P 500 rose 0.4% to 7,437.9. The Nasdaq Composite edged down 0.1% to 25,109.9. Barring technology, all sectors were in the green, led by real estate.West Texas Intermediate crude was down 4% at $88.51 a barrel, while Brent fell 4.7% to $96. Both benchmarks advanced earlier in the day and were still on track for sharp gains for the week.Pakistan has held exploratory discussions with Iran's Interior Minister Eskandar Momeni as it seeks a path towards a resumption of stalled talks between Washington and Tehran, Reuters reported, citing Pakistani sources. Islamabad recently also discussed the Middle East situation with China, according to the report.Bahrain, Jordan and Kuwait were fending off Iranian attacks again Friday, while Iran's military claimed it launched attack drones targeting US assets in Bahrain's Sheikh Isa Air Base and Jordan's Al-Azraq Air Base, CNN reported, citing local press.US Treasury yields were lower intraday, with the two-year rate down 3.4 basis points at 4.33% and the 10-year rate falling 2.8 basis points to 4.68%.In a fact sheet published Thursday, the Office of the US Trade Representative announced new tariffs of 10% or 12.5% on 60 economies that it said have failed to prohibit or effectively enforce bans on imports made with forced labor, including China, India, the UK and the European Union.The duties took effect at 12:01 am ET Friday, replacing Trump's temporary 10% global tariffs, which expired at the same time, CNBC reported.Earlier this week, Trump signed three proclamations to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada."The snap-back in oil prices, as well as another turn of the screw in tariffs, complicates the job of central bankers everywhere, and lands with a thud ahead of the (Federal Open Market Committee) meeting," BMO said in a report Friday.The probability that the US Federal Reserve will leave its benchmark lending rate unchanged next week stood at 64% Friday, down from 87% a week ago, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase moved up to 36% from 13%.In economic news, US private-sector output growth reached an eight-month high in July amid services boost, though price pressures intensified due to disruptions caused by the Middle East conflict, S&P Global's (SPGI) flash purchasing managers' index showed Friday.New-home sales in the US increased last month for the first time since March as house prices continued to fall, though inventory remained elevated at more than a nine-month supply, official data showed.In corporate news, Verizon Communications (VZ) raised its full-year earnings outlook amid phone subscriber gains in the second quarter. The company's shares were up 4.1% intraday Friday.American Express (AXP) was the worst performer on the Dow, down 5.1%. The payments company's second-quarter earnings topped Wall Street's estimates, but revenue missed expectations.Gold was up 0.7% at $4,068.20 per troy ounce, while silver gained 1.3% to $58.83 per ounce.

Dow JonesNasdaq CompositeS&P 500$AXP$SPGI$VZ
Asia Markets

Update: US Equity Indexes Trade Mixed Amid Declining Crude Oil, Treasury Yields

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes were mixed as a retreat in crude oil and government bond yields accompanied an all-sector rally midday Friday.The Dow Jones Industrial Average climbed 0.5% to 51,970.5, and the S&P 500 rose 0.4% to 7,434.8. The Nasdaq Composite was 0.1% lower at 25,112.3. Real estate, materials, and communication services topped the gainers.The front-month US West Texas Intermediate dropped 3.6% to $88.89 a barrel, and global benchmark North Sea Brent slumped 4.3% to $96.34 a barrel.The retreat has come as a relief from a surge Thursday when the Iran-aligned Houthi rebels attacked two Saudi Arabian tankers in the Red Sea chokepoint. Separately, President Donald Trump warned of a "massive attack" to continue degrading Iran's ability to attack maritime traffic in the Strait of Hormuz. The US Central Command said it completed the 13th consecutive night of strikes on Iran Thursday evening, in line with that strategic goal as well as returning Iran to negotiations in a meaningful way.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note, referring to Brent crude surpassing the $100 mark Thursday for the first time since the US-Iran ceasefire agreement in June. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Recent data showed China's oil imports during H1 slumped 11% year-on-year to 9.9 million barrels per day, according to a report from the Middle East Economic Survey. Imports from the Middle East sank by 37% to 3 million bpd, the lowest level since 2007, MEES said.Most US Treasury yields fell as a decline in crude oil helped keep a lid on inflation worries. The 10-year declined 3.8 basis points to 4.67%, retreating from its highest seen in a year on Thursday. The two-year declined 4.2 basis points to 4.32%, after yields hit fresh 52-week highs twice this week.In precious metal markets, gold futures edged up 0.5% to $4,069.2, and silver futures jumped 1.5% to $58.92.In company news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Shares of the firm climbed nearly 14%, the top gainer on the S&P 500.American Express (AXP) Q2 earnings topped market estimates, while revenue missed expectations. Shares dropped 5.3%, the steepest decliner on the Dow.In economic news, the July flash reading of manufacturing conditions from S&P Global slipped to 53.8 from 53.9 in June, compared with the 54.4 print expected in a survey compiled by Bloomberg.New-home sales rose to a 628,000 annual rate in June from an upwardly revised 618,000 rate in May, compared with the 607,000 rate expected in a survey compiled by Bloomberg. Home sales were still down 5.6% from a year ago.

Dow JonesNasdaq CompositeS&P 500$AXP$DLR
Asia Markets

Exchange-Traded Funds Higher as US Equities Advance After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) eased 0.2%.US equity indexes rose as all sectors advanced in Friday's midday trading amid declining crude oil and government bond yields.EnergyIShares US Energy ETF (IYE) was up 0.4% and the State Street Energy Select Sector SPDR (XLE) added 0.6%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) fell 0.5%; iShares US Technology ETF (IYW) shed 0.2%, and iShares Expanded Tech Sector ETF (IGM) was down 0.6%.The State Street SPDR S&P Semiconductor (XSD) slipped 4.2%, and iShares Semiconductor (SOXX) fell 3.1%.FinancialThe State Street Financial Select Sector SPDR (XLF) added 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) advanced 1.5%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), declined 1.6%.CommoditiesCrude oil dropped 4.3%, and the United States Oil Fund (USO) fell 3.6%. Natural gas dipped 0.1%, and the United States Natural Gas Fund (UNG) fell fractionally.Gold on Comex rose 0.5%, and the State Street SPDR Gold Shares (GLD) gained 0.4%. Silver was up 1.5%, and iShares Silver Trust (SLV) added 1.8%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 0.8%. The Vanguard Consumer Staples ETF (VDC) added 0.8%, and iShares Dow Jones US Consumer Goods (IYK) was up 0.8%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 0.6%. VanEck Retail ETF (RTH) added 1.1%, and the State Street SPDR S&P Retail (XRT) gained 1.1%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.8% and iShares US Healthcare (IYH) added 0.8%, and Vanguard Health Care ETF (VHT) gained 0.8%. IShares Biotechnology ETF (IBB) was up 0.3%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 0.6%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher as well.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dipped 1.8%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 1.3%, ProShares Ether ETF (EETH) was down 1.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.9% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Rise Amid Broad-Based Sector Rally While Crude Oil Declines

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as all sectors advanced in Friday's midday trading amid declining crude oil and government bond yields.The Dow Jones Industrial Average climbed 0.7% to 52,083.5, the S&P 500 rose 0.6% to 7,450.1, and the Nasdaq Composite edged up 0.2% to 25,179.5. Real estate, consumer staples, and materials topped the gainers.The front-month US West Texas Intermediate dropped 3.9% to $88.62 a barrel, and global benchmark North Sea Brent slumped 4.5% to $96.20 a barrel. The retreat came as a relief from a surge on Thursday when the Iran-aligned Houthi rebels attacked two Saudi Arabian tankers in the Red Sea chokepoint. Separately, President Donald Trump threatened a "massive attack" on Iran to continue to degrade its ability to attack maritime traffic in the Strait of Hormuz.The latest jump in oil prices is likely to be short-lived, a Dow Jones news report cited a Julius Baer note. Despite fresh attacks on tankers in the Red Sea and the Strait of Hormuz, the renewed fighting appears to reflect efforts by the parties to strengthen their bargaining positions ahead of another round of negotiations, the news report cited the note.Most US Treasury yields fell in midday trading, aiding investor sentiment. The 10-year fell 4.6 basis points to 4.66%, retreating from its highest seen in a year on Thursday. The two-year declined 4.7 basis points to 4.31%, after yields hit fresh 52-week highs twice this week.In company news, Digital Realty Trust (DLR) reported Q2 core funds from operations and operating revenue above market expectations late Thursday, and the company also raised its 2026 core FFO and sales guidance. Shares of the firm surged nearly 15%, the top gainer on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$DLR
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid New US Tariffs

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) advanced 0.1% in Friday's premarket activity, as investors digest new US tariffs amid continued corporate earnings.US stock futures were higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures gaining 0.4%, and Nasdaq futures advancing 0.1% before the start of regular trading.S&P Global US Manufacturing, Service, and Composite PMI are expected at 9:45 AM ET. New Home Sales are due at 10 AM ET, followed by Kansas City Fed Services at 11 AM ET.In premarket action, bitcoin was up by 0.01%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) rose over 2.6%.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.1%, the iShares US Technology ETF (IYW) was 0.6% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) gained 0.9%, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Intel (INTC) shares were up more than 3% in premarket activity after the company reported that it swung to fiscal Q2 adjusted earnings as revenue increased during the period.Winners and Losers:EnergyThe iShares US Energy ETF (IYE) was down 0.8%, while the State Street Energy Select Sector SPDR ETF (XLE) retreated by 0.4%.SLB N.V. (SLB) stock was up more than 3% before market open after the company reported Q2 adjusted earnings Friday of $0.55 per diluted share, above analyst estimates of $0.51.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) rose 2.2%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was up 0.9%.Fly-E Group (FLYE) shares were up 2.4% pre-bell after the company said late Thursday it filed its overdue Form 10-K and expects it will eliminate the need to submit a formal plan to regain compliance with Nasdaq.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, the Vanguard Industrials Index Fund (VIS) was up 0.6% and the iShares US Industrials ETF (IYJ) was inactive.C.H. Robinson Worldwide (CHRW) stock was down more than 2% before the opening bell after the company said that a Dallas County, Texas jury issued a $604 million advisory verdict against the company and two other defendants in a lawsuit stemming from a trucking accident.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.3%, the Vanguard Health Care Index Fund (VHT) was inactive, while the iShares US Healthcare ETF (IYH) slipped 1.4%. The iShares Biotechnology ETF (IBB) was inactive.Novo Nordisk (NVO) stock was up more than 1% premarket after the company filed a preliminary US court injunction to immediately block advertising by Eli Lilly (LLY) for its obesity and diabetes drugs.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.HSBC (HSBC) shares traded up 1% in early hours activity after the company signed the share purchase deal to sell HSBC Life in Singapore for $2.09 billion to Allianz Asia.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.3% to $89.15 per barrel on the New York Mercantile Exchange. Natural gas was up by 1% to $2.95 per 1 million British Thermal Units. The United States Oil Fund (USO) was down 2.4%, while the United States Natural Gas Fund (UNG) was 2% higher.Gold futures for July advanced 0.2% to $4,057.90 an ounce on the Comex. Silver futures were up 1.1% to $58.71 an ounce. SPDR Gold Shares (GLD) increased 0.1%, and the iShares Silver Trust (SLV) was 1.4% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$CHRW$EEM$EETH$EXI$FAS$FAZ$FLYE$GLD$HSBC$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$NVO$PMR$QQQ$RTH$SLB$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Nudge Higher Pre-Bell as Traders Weigh New US Tariffs, Declining Oil Prices

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures nudged higher pre-bell Friday as traders weighed a new set of tariffs imposed by the US on its trading partners and a decline in oil prices.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.2% higher.The US has imposed new tariffs on 60 trading partners over alleged forced labor concerns. Countries that have committed to prohibit forced labor were hit with a 10% tariff, while those that have not committed will receive a rate of 12.5%.President Donald Trump is seriously considering a "massive attack" on Iran, but has not given a deadline for his decision, according to an Axios report Thursday. He said that Iran "wants to negotiate," but he does not currently want to make a deal.US forces completed the 13th straight round of attacks on Iran, US Central Command said in a post on X, adding that the Strait of Hormuz "remains open for transit" despite the recent attacks from Iran's Islamic Revolutionary Guard Corps.Traders also digested the latest round of earnings, with American Express (AXP) posting higher Q2 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 3.4% at $97.27 per barrel and US West Texas Intermediate crude 3.3% lower at $89.20 per barrel.The July S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen at 54.4, up from 53.9 previously, according to estimates compiled by Bloomberg. June new home sales, due at 10 am ET, are seen at a 607,000 annual rate, up from 580,000 previously.In other world markets, Japan's Nikkei closed 2.7% lower, Hong Kong's Hang Seng ended 1% lower, and China's Shanghai Composite finished 1.6% lower. Meanwhile, the UK's FTSE 100 was up 0.4%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.In equities, Intel (INTC) stock rose 3.4% after the company reported a Q2 beat for adjusted earnings and its strongest revenue growth in 15 years, driven by a 59% surge in the data center and artificial intelligence unit. Oracle (ORCL) shares were up 2.3% after the company secured a 10-year enterprise software contract worth about $7 billion from the US Department of Defense. Amkor Technology (AMKR) stock was 12% higher after the company said it entered into a multi-year strategic partnership with Nvidia (NVDA) to develop advanced semiconductor packaging and test technologies for next-generation AI and accelerated computing platforms.On the losing side, American Express shares dropped 3.8% after the company reported lower-than-expected Q2 net revenue. Verizon Communications (VZ) stock was down 1.7% after the company posted Q2 operating revenue that fell short of analysts' consensus estimates. Sanofi (SNY) shares fell 1.4% after the company said it stopped clinical testing and global regulatory applications for its amlitelimab medication treating moderate-to-severe atopic dermatitis.

Dow JonesNasdaq CompositeS&P 500$AMKR$AXP$INTC$NVDA$ORCL$SNY$VZ
Japan

US Equity Futures Nudge Higher Pre-Bell as Traders Weigh New US Tariffs, Declining Oil Prices

US equity futures nudged higher pre-bell Friday as traders weighed a new set of tariffs imposed by the US on its trading partners and a decline in oil prices.Dow Jones Industrial Average futures were 0.4% higher, S&P 500 futures were up 0.2%, and Nasdaq futures were flat.The US has imposed new tariffs on 60 trading partners over alleged forced labor concerns. Countries that have committed to prohibit forced labor were hit with a 10% tariff, while those that have not committed will receive a rate of 12.5%.President Donald Trump is seriously considering a "massive attack" on Iran, but has not given a deadline for his decision, according to an Axios report Thursday. He said that Iran "wants to negotiate," but he does not currently want to make a deal.US forces completed the 13th straight round of attacks on Iran, US Central Command said in a post on X, adding that the Strait of Hormuz "remains open for transit" despite the recent attacks from Iran's Islamic Revolutionary Guard Corps.Traders also digested the latest round of earnings, with American Express (AXP) posting higher Q2 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.8% at $97.87 per barrel and US West Texas Intermediate crude 2.4% lower at $90.01 per barrel.The July S&P Global Composite Purchasing Managers' Index, due at 9:45 am ET, is seen at 54.4, up from 53.9 previously, according to estimates compiled by Bloomberg. June new home sales, due at 10 am ET, are seen at a 607,000 annual rate, up from 580,000 previously.

Dow JonesNasdaq CompositeS&P 500$AXP
Stocks Rise Pre-Bell as Traders Assess New US Tariffs, Latest Middle East Developments
US Markets

Stocks Rise Pre-Bell as Traders Assess New US Tariffs, Latest Middle East Developments

The benchmark US stock measures were trending higher before the open Friday as investors assess Washington's new phase of global tariffs and the latest developments in the Middle East.The S&P 500 and the Nasdaq gained 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.5%. The indexes ended the previous trading session lower, with the Nasdaq and S&P 500 recording their biggest one-day declines since June 23.In a fact sheet published on Thursday, the Office of the US Trade Representative announced new tariffs of 10% or 12.5% on 60 economies that it said have failed to prohibit or effectively enforce bans on imports made with forced labor, including China, India, the UK and the European Union.The duties took effect at 12:01 a.m. ET Friday, replacing President Donald Trump's temporary 10% global tariffs, which expired at the same time, CNBC reported.Earlier this week, Trump signed three proclamations to impose 50% tariffs on the imports of motor vehicles, alcohol and dairy products from Canada.West Texas Intermediate crude oil dropped 3.5% to $88.99 a barrel before the opening bell, while Brent fell 3.6% to $97.13.Trump told Axios on Thursday that he is seriously considering restarting major combat operations against Iran. The US Central Command said it completed its 13th consecutive night of strikes against Tehran on Thursday.The Iran-backed Houthi militants in Yemen recently claimed attacks on two Saudi Arabian oil tankers in the Red Sea, sparking concerns over a potential closure of the Bab el-Mandeb Strait, an alternate shipping route to the Strait of Hormuz.In a social media post, Trump said the US will hold Iran responsible and threatened "major military punishment" if its Houthi proxies continued to attack commercial ships.Treasury yields were down in premarket action, with the two-year rate retreating 3.4 basis points to 4.33% and the 10-year rate off 2 basis points to 4.68%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week stood at 71% on Friday, up from 66% the day before, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase moved down to 29% from 34%.Shares of Intel (INTC) advanced 5.3% pre-bell after the chipmaker reported second-quarter results ahead of Wall Street's estimates. Oracle (ORCL) inclined 2.6% as the cloud computing giant secured a 10-year enterprise software contract worth nearly $7 billion with the US Department of War.American Express (AXP), Verizon Communications (VZ), HCA Healthcare (HCA), SLB (SLB), Charter Communications (CHTR), Booz Allen Hamilton (BAH) and Lamb Weston (LW) report their latest financial results before the bell, among others.Friday's economic calendar has the S&P Global's (SPGI) flash purchasing managers' index for July at 9:45 am ET, followed by the new home sales report for June at 10 am. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Gold nudged up 0.3% to $4,061 per troy ounce, while bitcoin increased 0.2% to $64,949.

Dow JonesNasdaq CompositeS&P 500$AXP$BAH$CHTR$HCA$INTC$LW$ORCL$SLB$SPGI$VZ
Asia Markets

Tech Values, Easing Oil Prices Lift Wall Street Pre-Bell; Asia Off, Europe Up

Wall Street futures pointed moderately higher pre-bell Friday as traders look for tech-sector values after recent routs, and as crude oil prices eased.In the futures, the S&P 500 advanced 0.2%, the Nasdaq rose 0.1%, and the Dow Jones was up 0.5%.West Texas Intermediate crude oil traded down 2.3% at $90.03 in morning action.Investors look forward to the S&P Global flash US composite purchasing managers index (PMI) report for July, slated for release at 9:45 am ET, and a window into how the domestic economy is performing given higher oil prices.Asian exchanges traded mostly lower overnight, led by a 5.7% decline on Seoul's semiconductor-laden KOSPI Index.European bourses tracked moderately north at midday on the continent.American Express (AXP), NextEra Energy (NEE), and Verizon Communications (VZ) plan to report earnings pre-bell, among others.Also on the economic calendar is the new home sales report for June at 10 am ET, followed by the weekly Baker Hughes domestic oil-and-gas rig count at 1 pm.In pre-market action, Bitcoin traded at $64,982, and 10-year US Treasuries offered 4.68%. Spot gold commanded $4,061 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Slump, Crude Oil Soars as Trump Warns of Big Iran Attack

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes dropped as government bond yields jumped to the highest in a year and crude oil surged after President Donald Trump warned of a major operation in Iran.The Nasdaq Composite slumped 2.2% to 25,137.69, the S&P 500 dropped 1.2% to 7,408.30, and the Dow Jones Industrial Average declined 1% to 51,711.65 on Thursday. Consumer discretionary and communication services were the standout decliners, down more than 5% each, while technology also lagged. Industrials and health care topped the gainers.President Donald Trump is considering restarting major combat operations in Iran, including strikes bigger than the ones seen in Operation Epic Fury, according to an Axios report. "I am considering a massive attack. Bigger than ever before. I am close to making a decision. We are all set for it," the president said.Yemen's Houthi rebels said they attacked two Saudi Arabian oil tankers in the Red Sea on Thursday to disrupt Middle East exports, according to a report from the Associated Press. If Houthis attack again, "the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis themselves," Trump said in a Truth Social post.The CBOE Volatility Index VIX, also known as the fear gauge for equities, shot up 12% to 18.70.The front-month US West Texas Intermediate soared 6.1% to $92.13 a barrel, and global benchmark North Sea Brent spiked 6.5% to $100.19 a barrel.In precious metal markets, gold futures dropped 2.4% to $4,052.20, and silver futures slumped 4% to $57.91, reflecting concerns that an extended disruption to crude oil supplies may make it more challenging for the Federal Reserve to bring inflation down to its 2% target.US Treasury yields jumped, extending gains. The 10-year marched 3.8 basis points higher to 4.70% after touching its highest intraday level in a year. The two-year surged 4.7 basis points to 4.35% after yields hit a fresh 52-week high this week.In economic news, initial jobless claims fell 22,000 to 187,000 in the week ended July 18, the lowest since 1969 and trimming the four-week moving average by 7,250 to 207,500, a fourth straight decrease.In company news, Tesla (TSLA) shares fell 14.5%, the worst performer in the S&P 500 and the Nasdaq, after the firm reported a steeper-than-expected drop in Q2 adjusted earnings.The European Commission fined Alphabet's (GOOG, GOOGL) Google 890 million euros ($1.04 billion) for violating the Digital Markets Act by self-preferencing in Google Search and anti-steering practices on Google Play. Shares slumped 7.1%, among the steepest decliners on the S&P 500, the Nasdaq, and the Dow.After the bell, Intel (INTC) reported fiscal Q2 adjusted earnings of $0.42 per share, swinging from a loss of $0.10 a year earlier. Analysts polled by FactSet expected earnings of $0.22. Revenue for the three months ended June 27 jumped to $16.13 billion from $12.86 billion a year earlier. Analysts expected $14.44 billion.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$TSLA
Update: Nasdaq, S&P 500 Log Worst Day in More Than Four Weeks as Brent Tops $100
US Markets

Update: Nasdaq, S&P 500 Log Worst Day in More Than Four Weeks as Brent Tops $100

(Updates with market moves at the end of the day.)The Nasdaq Composite and the S&P 500 fell the most in more than four weeks on Thursday as Alphabet (GOOG, GOOGL) and Tesla (TSLA) shares tumbled, while Brent crude rose back above $100 a barrel.The Nasdaq shed nearly 2.2% to settle at 25,137.69, while the S&P 500 fell 1.2% to 7,408.30 -- marking their biggest one-day declines since June 23. The Dow Jones Industrial Average dipped 1% to 51,711.65. Most sectors were in the red, led by communication services and consumer discretionary, while industrials paced the gainers.Alphabet's class A shares tumbled 7.1%, the worst performer on the Dow, while its class C shares slumped 6.9%. Tesla slumped nearly 15%, the steepest decline on the S&P 500.Late Wednesday, the Google parent and Tesla indicated rising artificial intelligence capital spending that analysts said could drive a bigger cash burn than previously projected.Brent futures were trading 6.3% higher at $100.03 a barrel, crossing the $100 level for the first time since May. West Texas Intermediate crude jumped 5.5% to $91.59.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea.US President Donald Trump threatened "major military punishment" against Iran if its Houthi proxy continues attacking ships, according to his social media post on Thursday. The US Central Command said Wednesday it struck Iran for the 12th consecutive night.Treasury yields jumped, with the two-year rate up 4.9 basis points at 4.35% and the 10-year rate rising 4.2 basis points to 4.7%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week fell to 64% Thursday from 88% a week earlier, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase rose to 36% from 12%.Elsewhere in the corporate sector, RTX (RTX) and Lockheed Martin (LMT) raised their full-year guidance after both defense contractors reported second-quarter results above Wall Street's expectations. Lockheed jumped nearly 11%, the biggest gain on the S&P 500, while RTX advanced 7.3%.Gold fell 2.5% to $4,047.90 per troy ounce, while silver lost 4.2% to $57.75 per ounce.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$LMT$RTX$TSLA
Japan

US Equity Markets Close Lower as Oil Prices Surge on Widening Middle East Tensions

US equity indexes ended lower Thursday as crude oil prices jumped after Iran-aligned Houthis claimed attacks on Saudi Arabian tankers.* Iran flew Islamic Revolutionary Guard Corps commanders, military advisers, and missile- and drone-related equipment into Yemen this month, according to four sources cited by Reuters, in a move suggesting Tehran is seeking to strengthen its Houthi allies' ability to threaten Red Sea shipping.* Houthi rebels said they attacked two Saudi tankers in the Red Sea on Thursday, according to a report from the Associated Press, further heightening Middle East export concerns.* August West Texas Intermediate crude oil rose $4.71 to settle at $91.45 per barrel, while September Brent crude, the global benchmark, was last seen up $5.81 at $99.88.* Allegion (ALLE) shares rose 10%, the top gainer on the S&P 500, after the company reported higher Q2 results and raised its 2026 outlook.* Tesla (TSLA) shares fell 15%, the biggest drop on the S&P, a day after a surprise decline in Q2 adjusted earnings.

Dow JonesNasdaq CompositeS&P 500$ALLE$TSLA
Japan

Update: US Equity Indexes Slump, Crude Oil Soars as Iran-Backed Houthis Hit Tankers in Red Sea Chokepoint

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes dropped, as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers and investors awaited Intel's (INTC) earnings following a decline in the shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA).The Nasdaq Composite slumped 2.4% to 25,074.5, the S&P 500 dropped 1.4% to 7,393.7, and the Dow Jones Industrial Average declined 1.1% to 51,654.6 ahead of Thursday's close. Intel's quarterly results are due after the bell on Thursday.Iran flew Islamic Revolutionary Guard Corps commanders, military advisers, and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is seeking to strengthen the ability of its Houthi allies to threaten Red Sea shipping, Reuters reported.Houthi rebels said they attacked two Saudi Arabian oil tankers in the Red Sea on Thursday, according to a report from the Associated Press, further heightening supply concerns as the militants sought to disrupt Middle East exports.The front-month US West Texas Intermediate soared 5.7% to $91.78 a barrel, and global benchmark North Sea Brent spiked 6.5% to $100.21 a barrel.Crude oil extended its rally after "Iran-backed Houthi militants struck two Saudi tankers in the Red Sea," Saxo Bank said in a note. The bid "reflects the US-Iran conflict, the Houthi threat to Red Sea shipping through the Bab el-Mandeb Strait, and Tehran's dismissal of peace talks," it said.US Treasury yields jumped, extending gains, reflecting concerns that an extended disruption to crude oil supplies may make it more challenging for the Federal Reserve to bring inflation down to its 2% target. The 10-year marched 4.2 basis points higher to 4.7% after touching its highest intraday level in a year. The two-year surged 5.1 basis points to 4.35% after yields hit a fresh 52-week high this week.In company news, Tesla shares fell 15%, the worst performer in the S&P 500 and the Nasdaq, after the firm reported a steeper-than-expected drop in Q2 adjusted earnings. Gross and operating margins missed consensus "considerably," and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," Truist Securities said in a note. Free cash flow turned negative in Q2, with an outflow of $1.1 billion.The European Commission fined Alphabet's Google 890 million euros ($1.04 billion) after the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play. Shares slumped 7%, among the steepest decliners on the S&P 500, the Nasdaq, and the Dow.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$TSLA
Update: Equity Markets Fall Intraday as Brent Crosses $100; Alphabet, Tesla Tumble
US Markets

Update: Equity Markets Fall Intraday as Brent Crosses $100; Alphabet, Tesla Tumble

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, weighed down by post-earnings selloffs in Alphabet (GOOG, GOOGL) and Tesla (TSLA) shares, while a widening Middle East conflict sent Brent crude above $100 a barrel.The Nasdaq Composite was down 2.1% at 25,160.8 after midday Thursday, while the S&P 500 fell 1.2% to 7,411.4. The Dow Jones Industrial Average dipped 0.9% to 51,747.98. Among sectors, consumer discretionary and communication services saw the steepest declines, both shedding more than 4%, while industrials paced the gainers.Alphabet's class A shares were down 6.3% intraday, the worst performer on the Dow, while its class C shares slumped 6.2%. Late Wednesday, the Google parent raised its 2026 capital expenditure guidance as it reported stronger-than-expected revenue for the second quarter amid a surge in the Google cloud segment's sales.Tesla's stock slumped nearly 14% intraday, the steepest decline on the S&P 500. Late Wednesday, the electric vehicle manufacturer reported an unexpected year-over-year decline in its second-quarter earnings, weighed down by higher operating expenses.Brent futures were trading 7.2% higher at $100.85 a barrel, after rising to as high as $101.20 earlier in the day. The global benchmark crossed the $100 level for the first time since May. West Texas Intermediate crude jumped 6.8% to $92.74.US gas prices hit an average $4.091 per gallon on Thursday, up from $3.943 a week ago, according to data from AAA, a travel organization that tracks fuel prices in the country.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea.US President Donald Trump threatened "major military punishment" against Iran if its Houthi proxy continues attacking ships, according to his social media post on Thursday. The US Central Command said Wednesday it struck Iran for the 12th consecutive night.Treasury yields were higher intraday, with the two-year rate rising 5.3 basis points to 4.36% and the 10-year rate rising 4.2 basis points to 4.7%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week fell to 64% Thursday from 88% a week earlier, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase rose about 36% from 12%.Elsewhere in the corporate sector, RTX (RTX) and Lockheed Martin (LMT) raised their full-year guidance after both defense contractors reported second-quarter results above Wall Street's expectations. Lockheed was up 9.1% intraday, while RTX advanced 7.2%, both among the biggest gainers on the S&P 500.Gold fell 2.4% to $4,053.90 per troy ounce, while silver lost 3.7% to $58.10 per ounce.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$LMT$RTX$TSLA
Asia Markets

Exchange-Traded Funds Lower as US Equities Decline After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV fell. Actively traded Invesco QQQ Trust (QQQ) eased 0.2%.US equity indexes dropped as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea and shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 0.9%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) fell 1%; iShares US Technology ETF (IYW) shed 1.9%, and iShares Expanded Tech Sector ETF (IGM) was down 1.6%.The State Street SPDR S&P Semiconductor (XSD) slipped 1.5%, and iShares Semiconductor (SOXX) fell 1.2%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.5%. Direxion Daily Financial Bull 3X Shares (FAS) declined 2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.9%.CommoditiesCrude oil rose 6.4%, and the United States Oil Fund (USO) added 6.9%. Natural gas gained 0.01%, and the United States Natural Gas Fund (UNG) was up 0.3%.Gold on Comex fell 2.4%, and the State Street SPDR Gold Shares (GLD) lost 2%. Silver was down 3.8%, and iShares Silver Trust (SLV) eased 3.1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) fell 1.6%. The Vanguard Consumer Staples ETF (VDC) dropped 1.7%, and iShares Dow Jones US Consumer Goods (IYK) was down 1.3%.The State Street Consumer Discretionary Select Sector SPDR (XLY) slipped 4.4%. VanEck Retail ETF (RTH) lost 1.8%, and the State Street SPDR S&P Retail (XRT) was down 3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.9% and iShares US Healthcare (IYH) added 0.9%, and Vanguard Health Care ETF (VHT) gained 0.8%. IShares Biotechnology ETF (IBB) was up 1.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 1.7%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were higher as well.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dipped 1.9%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 2%, ProShares Ether ETF (EETH) was down 2.1%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) was 1.3% lower.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Asia Markets

Update: US Equity Indexes Sink as Houthis Target Saudi Tankers in Red Sea, Mag-7 Stalwarts Disappoint

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes dropped as government bond yields jumped with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea and shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank.The Nasdaq Composite slumped 2.1% to 25,141.3, the S&P 500 dropped 1.2% to 7,410.6, and the Dow Jones Industrial Average declined 1% to 51,709.3 after midday Thursday. Consumer discretionary and communication services were the standout decliners, down almost 5% each, while technology also lagged. Industrials and energy topped the gainers.Iran flew Islamic Revolutionary Guard Corps commanders, military advisers, and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is seeking to strengthen the ability of its Houthi allies to threaten Red Sea shipping, Reuters reported.Houthi rebels said they attacked two Saudi Arabian oil tankers in the Red Sea on Thursday, according to a report from the Associated Press, widening the disruption to crude oil supplies from the Middle East. President Donald Trump warned Tehran would be held accountable for any further Houthi attacks in the Strait of Hormuz, CNN reported. Secretary of State Marco Rubio said Iran "suckered" the group into attacking shipping lanes, the news report added.The CBOE Volatility Index VIX, also known as the fear gauge for equities, catapulted 14.5% to 19.05.Meanwhile, Jordan, Bahrain and Kuwait have reported retaliatory missile and drone attacks from Iran after a 12th consecutive day of US strikes on the Islamic Republic, Al Jazeera, a Middle Eastern broadcaster, reported.The front-month US West Texas Intermediate soared 6.3% to $92.33 a barrel, and global benchmark North Sea Brent spiked 6.9% to $100.60 a barrel.US Treasury yields jumped, extending gains. The 10-year marched 3.6 basis points higher to 4.69% after touching its highest intraday level in a year. The two-year surged 4.7 basis points to 4.35% after yields hit a fresh 52-week high this week.In precious metal markets, gold futures dropped 2.4% to $4,053.70, and silver futures slumped 3.9% to $57.96.In company news, Tesla shares fell 13%, the worst performer in the S&P 500 and the Nasdaq, after the firm reported a steeper-than-expected drop in Q2 adjusted earnings. Gross and operating margins missed consensus "considerably," and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," Truist Securities said in a note. Free cash flow turned negative in Q2, with an outflow of $1.1 billion.The European Commission fined Alphabet's Google 890 million euros ($1.04 billion) after the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play. Shares slumped 6.6%, among the steepest decliners on the S&P 500, the Nasdaq, and the Dow.United Rentals (URI) reported Q2 adjusted earnings and revenue above market expectations and raised its full-year fiscal 2026 sales guidance. Shares soared 12%, one of the top gainers on the S&P 500.Honeywell Technologies (HON) reported Q2 adjusted earnings and sales that beat consensus, and lifted its full-year 2026 earnings guidance range. Shares advanced 5.2%, the Dow's leader.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$HON$TSLA$URI
Japan

Update: US Equity Indexes Sink as Mag-7 Stalwarts Disappoint, Houthis Attack Saudi Tankers in Red Sea

US equity indexes dropped as shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank and government bond yields surged with crude oil after Iran-aligned Houthis attacked Saudi Arabian tankers in the Red Sea.The Nasdaq Composite slumped 2.4% to 25,067.2, the S&P 500 dropped 1.3% to 7,402.7, and the Dow Jones Industrial Average declined 1% to 51,708.5.Tesla (TSLA) shares fell 14%, the worst performer in the S&P 500 and the Nasdaq, after the firm reported a steeper-than-expected drop in Q2 adjusted earnings. Gross and operating margins missed consensus "considerably," and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," Truist Securities said in a note. Free cash flow turned negative in Q2, with an outflow of $1.1 billion.The European Commission fined Alphabet's (GOOG, GOOGL) Google 890 million euros ($1.04 billion) after the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play. Shares slumped 7.1%, among the steepest decliners on the S&P 500, the Nasdaq, and the Dow.In geopolitical news, Iran flew Islamic Revolutionary Guard Corps (IRGC) commanders, military advisers, and missile- and drone-related equipment into Yemen this month, according to four sources, in a move that suggests Tehran is seeking to strengthen the ability of its Houthi allies to threaten Red Sea shipping, Reuters reported.Houthi rebels said they attacked two Saudi Arabian oil tankers in the Red Sea on Thursday, according to a report from the Associated Press, widening the disruption to crude oil supplies from the Middle East.The front-month US West Texas Intermediate soared 5.6% to $91.70 a barrel, and global benchmark North Sea Brent spiked 6.8% to $100.42 a barrel.US Treasury yields jumped, extending gains. The 10-year marched 4.8 basis points higher to 4.71% after touching its highest in 52 weeks intraday. The two-year surged six basis points to 4.36% after yields hit a fresh 52-week high this week.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$TSLA

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