Stock Market Update
24-Jul-26 15:00 ET
Stocks giving up earlier gains as Trump considers Iran escalation
Dow +180.12
at 51891.77,
Nasdaq -154.88
at 25003.82,
S&P -0.28
at 7408.02
[BRIEFING.COM] The S&P 500 (flat), Nasdaq Composite (-0.7%), and DJIA (+0.3%) are back near session lows after a report from The New York Times that President Trump is meeting with top advisors to consider a major military escalation in Iran.
Crude oil futures still settled today's session $2.75 lower (-3.0%) at $89.34 per barrel, though the headline undermines previous developments today that pointed towards a more diplomatic path.
As for stocks, strength remains relatively broad, with eight S&P 500 sectors maintaining gains. However, the top-weighted information technology sector (-0.8%) moves firmly lower, pressured by the PHLX Semiconductor Index (-4.3%) slipping to new session lows.
