financetom
Market
financetom
/
Market
/
US Equity Futures Drop Pre-Bell as Mid-East Conflict Expands to Potentially Include Red Sea
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equity Futures Drop Pre-Bell as Mid-East Conflict Expands to Potentially Include Red Sea
Jul 23, 2026 5:35 AM

08:03 AM EDT, 07/23/2026 (MT Newswires) -- US equity futures were lower pre-bell Thursday as the traders considered the possibility of the Middle East conflict spreading to a new front in the Red Sea, lifting oil prices closer to the $100 mark.

Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.6%, and Nasdaq futures were 0.9% lower.

The US launched attacks on Iran for the 12th consecutive day, US Central Command said in a post on X. Iran-backed Houthis in Yemen have claimed they attacked two Saudi Arabian oil tankers in the Red Sea for allegedly violating their announced blockade, in a potential new front for the war, according to multiple media reports.

Alphabet's (GOOG, GOOGL) Google ( GOOG ) posted higher earnings and revenue for Q2, but the company's stock dropped 4.7% in premarket activity as it increased its forecasted capital expenditures to as high as $205 billion.

Intel ( INTC ) is is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $0.22 per share on revenue of $14.44 billion.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 4.9% at $98.64 per barrel and US West Texas Intermediate crude 4.5% higher at $90.69 per barrel.

The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 210,000 new unemployment claims for the week ended July 18, up from 208,000 in the prior week, according to estimates compiled by Bloomberg.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What Going's On With Arm Holdings Stock Friday
What Going's On With Arm Holdings Stock Friday
Jun 14, 2024
Arm Holdings ( ARM ) shares initially traded higher Friday before pulling back and turning negative after the company announced it will join the Nasdaq-100 index. The Details: On Thursday, it was announced that Arm Holdings ( ARM ) will join the Nasdaq-100 index effective before market open on June 24. Arm Holdings ( ARM ) will replace Sirius XM...
Sector Update: Energy
Sector Update: Energy
Jun 14, 2024
01:29 PM EDT, 06/14/2024 (MT Newswires) -- Energy stocks fell Friday afternoon with the NYSE Energy Sector Index down 1% and the Energy Select Sector SPDR Fund (XLE) decreasing 0.7%. The Philadelphia Oil Service Sector index slumped 2.5%, and the Dow Jones US Utilities index was little changed. West Texas Intermediate crude oil rose 0.3% to $78.85 a barrel, while...
US Equity Indexes Decline After Michigan Consumer Sentiment Unexpectedly Drops
US Equity Indexes Decline After Michigan Consumer Sentiment Unexpectedly Drops
Jun 14, 2024
01:17 PM EDT, 06/14/2024 (MT Newswires) -- US equity indexes fell following muted gains in the technology sector and after a closely monitored consumer sentiment index surprisingly declined. The Dow Jones Industrial Average slid 0.2% to 38,582.4, with the S&P 500 down 0.2% to 5,423.3, and the Nasdaq Composite 0.1% lower at 17,645.2. All sectors except for technology and communication...
Sector Update: Financial
Sector Update: Financial
Jun 14, 2024
01:31 PM EDT, 06/14/2024 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each shedding 0.3%. The Philadelphia Housing Index was falling 1.2%, and the Real Estate Select Sector SPDR Fund (XLRE) was fractionally lower. Bitcoin (BTC-USD) was declining 2% to $65,441, and the yield...
Copyright 2023-2026 - www.financetom.com All Rights Reserved