Alphabet’s second quarter earnings could be the market’s biggest test since the Iran war.

Stock Market Today: The Dow Jones index climbed Wednesday even as oil prices jumped. SMCI stock surged, with Alphabet and Tesla earnings due.

On July 22, 2026, the carrier topped EPS estimates and posted wireless additions above targets, fueled by unlimited plans and bundled offers.

U.S. equity futures slipped Wednesday evening as investors weighed fresh earnings, artificial intelligence spending concerns and rising oil prices. Futures tied to the Dow Jones Industrial Average lost 38 points.

Tech stocks slump Wednesday ahead of the first big earnings of the season from the hyperscalers and as bond yields and oil rise on U.S.-Iran escalation

The S&P 500 and Nasdaq are also falling in premarket trading. Treasury yields are up and Bitcoin prices are down.

SpaceX is down 36% from its post-IPO high, but history says the stock has further to fall.

Another Sensex weekly expiry beckons today and the Nifty bulls are latching on to the 24,000 mark by a whisker. There has not been any dramatic improvement in the situation overnight and crude oil prices continue to remain higher.

JPMorgan CEO Jamie Dimon says he wouldn't buy stocks or long-dated Treasurys at current prices, warning markets are underpricing geopolitical and fiscal risks.

Chip stocks make up 13.9% of the S&P 500 and are outpacing the Magnificent Seven this year. See the market cap and performance breakdown.