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US equity indexes dropped as shares of mega-caps Alphabet (GOOG, GOOGL) and Tesla (TSLA) sank and go

Jobless Claims Come in Decades Low.

Trump said that the U.S. will inflict “major military punishment” upon Iran and the Houthis if they attack ships again.

Alphabet, the newest addition to the Dow, dove on its latest quarterly results and it's weighing on the blue-chip index. The Dow is down 1.1%, or 563 points. Alphabet was the worst performer in the Dow, contributing a roughly 142-point drag on the index, Dow Jones Market Data showed.

While Q2 earnings are mostly robust and Jobless Claims tick near 60-year lows, pre-markets are tumbling on hostilities in the Middle East.

The labor market is chugging along, but that wasn’t enough to give markets a boost in the face of surging oil prices. Chip stocks were struggling to rally on that news in the face of higher oil prices.

The last time global oil prices settled above $100 was on May 22, data from FactSet shows.

Alphabet and Tesla reported earnings last night and Wall Street was less than impressed. Alphabet and Tesla both boosted their already hefty capital expenditure forecasts. "The market's reacting to not just the capex spend, but the free cash flow issue, and that spans across all the tech names," Laffer Tengler Investment's Nancy Tengler wrote.

Stocks tumbled at the open on Thursday after earnings from Alphabet and Tesla failed to rouse the AI trade. The Dow fell 654 points, or 1.2%. Alphabet and Tesla were both down on their latest earnings reports.

Wall Street closed lower on Wednesday, dragged down by communications and discretionary stocks.

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.6%, and the actively t

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.

US equity futures were lower pre-bell Thursday as the traders considered the possibility of the Midd

News of the day for July 23, 2026

Wall Street is set for a moderately lower open on Thursday after mixed results from Alphabet and Tesla, while a fresh surge in oil prices revived concerns about inflation and interest rates. Futures for the Dow Jones, S&P 500 and Nasdaq were all down around 0.3%. This would see losses...

US equity markets were tracking in the red before the opening bell Thursday and oil prices rose amid

Wall Street futures pointed moderately lower pre-bell Thursday on refreshed concerns that the AI-rel

The Google parent's shares have trailed the Nasdaq this year and fell premarket today, as investors fret over its AI spending spree. But its price of about 25 times forward earnings is hardly stratospheric if you consider the company’s growth prospects.

Technological advances are driven by hype, with next-big-thing innovations taking years to mature.

Stock futures were falling ahead of the open Thursday as investors assessed rising inflationary risks from the conflict with Iran, and a flurry of earnings reports. S&P 500 futures lost 0.5% with contracts tracking the tech-heavy Nasdaq down 0.6%. Inflation is on focus again amid renewed U.S. strikes against Iran and diminishing signs of progress in peace talks.

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

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

Stocktwits data showed retail sentiment is weak, declining to ‘extremely bearish’ on SPY and ‘bearish’ on QQQ.

The June Inflation report doesn't reverse a 63-month (and counting) trend of above-target price increases.

U.S. stock futures fell in early European trade as the global oil benchmark topped $98 a barrel after another night of escalating tensions in the Gulf.

REVIEW PREVIEW NEWSLETTER Taking a Breather. The stock market barely budged on Wednesday, but the real action was after the close. The Dow Jones Industrial Average fell just six points. The S&P 500 was down 0.

<body><p>STORY: U.S. stocks ended lower on Wednesday, with Dow virtually flat, the S&P 500 dipping fractionally, while the Nasdaq lost more than half a percent.</p><p>Investors eagerly awaited earnings results after the closing bell from Alphabet and Tesla, the first of the Magnificent Seven megacaps to report.</p><p>Shares of Alphabet, down more than 1% at the close, dipped further in extended trading despite the Google parent topping Wall Street estimates for cloud revenue growth thanks to the AI boom.</p><p>And shares of Tesla, which also closed lower, tumbled another 2.5% in extended trading after Elon Musk's EV maker reported negative free cash flow for the first time in more than two years due to accelerated spending on AI infrastructure, battery capacity, robotaxis and next-generation manufacturing.</p><p>Bob Lang, founder and chief options analyst of Explosive Options, said that strong earnings are needed to keep the market moving higher.</p><p>“The one thing that has been pretty constant here for the past 4 or 5 months for the stock market has been strong earnings and certainly a first quarter brought us about 26, 27% earnings growth. So far in the second quarter, we're seeing it at about 16 to 17%. And that's without some of the big names that have reported for the second quarter yet. We're going to have big names like, Nvidia. We're going to have big names like Micron reporting in September. That's a couple of months away, of course. But you know, we're going to have some of these companies out there that are probably going to report some stellar earnings. And, it's really been the linchpin for keeping the stock market afloat right now.”</p><p>Shares of IBM rose in extended trading after the company cut its annual revenue growth forecast, days after shocking Wall Street with a warning that corporate spending was shifting toward AI-focused data-center gear at the expense of its software and mainframe computers.</p><p>:: ServiceNow Handout</p><p>And shares of ServiceNow, down about 6.5% at the close, rose more than 3% after hours as the company raised its forecast for annual subscription revenue for the second time after beating second-quarter revenue and profit estimates, driven by growing demand for its AI-powered software.</p><p>Among other tech names, shares of Super Micro Computer rallied almost 20%, making it the S&P 500's biggest percentage gainer, a day after the server maker said it had secured more than $60 billion in new orders in its fiscal fourth quarter.&nbsp;</p></body>

Tech firms are showing that while the AI trade continues its upward surge, it's coming with a high price tag.

In the latest trading session, Onto Innovation (ONTO) closed at $295.25, marking a -1.27% move from the previous day.