Stock Market Update
22-Jul-26 15:25 ET
Quiet afternoon ahead of mega-cap earnings
Dow +5.36
at 52230.00,
Nasdaq -93.03
at 25765.18,
S&P -5.65
at 7503.55
[BRIEFING.COM] The major averages continue to drift near their unchanged levels with just half an hour left in the session.
The market eagerly awaits a consequential batch of earnings reports after the close that includes Alphabet (GOOG 345.09, -1.10, -0.32%), Tesla (TSLA 374.88, -4.04, -1.07%), and IBM (IBM 205.65, -4.85, -2.30%).
Alphabet heads into the print with expectations still anchored to strong Search and Cloud momentum, but the setup is more demanding after management flagged a major 2026 CapEx step-up and faster depreciation. Shares have slipped about 5% since July 3 and sit below the 50-day average, suggesting investors want proof that AI-led growth can keep outrunning the cost build. This report matters most for whether revenue strength in Search, Cloud, and subscriptions can support sentiment even as infrastructure spending stays elevated.
