Bearish
Nasdaq 100 drops 1.2% amid tech earnings concerns and rising oil prices
The Nasdaq 100 declined by 1.2% on July 24, 2026, driven by investor apprehension over escalating artificial intelligence (AI) capital expenditures and a rebound in oil prices. Semiconductor stocks, notably Intel, experienced significant losses, contributing to the index's downturn.
Key points
- Intel's stock fell nearly 8% after initial earnings gains reversed, highlighting concerns over AI spending and its impact on free cash flow.
- The Nasdaq Composite closed below the June 9 low of 24,980.38, testing its 200-day moving average and major support levels.
- Brent crude oil prices rebounded to $96.78 per barrel, influenced by reports of U.S.-Iran peace negotiations supported by Pakistan.
- The S&P 500 rose by 0.1%, while the Dow Jones Industrial Average gained 0.5%, indicating mixed market reactions.
Sources
- Nasdaq Index: Intel Reversal Tests Nasdaq Support as Apple Lifts the DowFXEmpire · July 25, 2026
- How major US stock indexes fared Friday 7/24/2026AP News · July 24, 2026
- Nasdaq lags on angst over AI spending ahead of earnings reportsMarketScreener India · July 25, 2026
- Фондові ринки США завершили торги зі змішаними результатами: S&P 500 зростає, тоді як Nasdaq 100 падає на тлі відскоку цін на нафтуGate News · July 25, 2026
AI-generated from public news sources. Not financial advice.
