{"id":88346,"date":"2026-07-24T17:00:56","date_gmt":"2026-07-24T07:00:56","guid":{"rendered":"https:\/\/ic.com\/blog\/?p=88346"},"modified":"2026-07-24T17:00:57","modified_gmt":"2026-07-24T07:00:57","slug":"friday-24th-july-2026-markets-slide-as-oil-surges-above-100-and-tech-earnings-disappoint","status":"publish","type":"post","link":"https:\/\/ic.com\/blog\/friday-24th-july-2026-markets-slide-as-oil-surges-above-100-and-tech-earnings-disappoint\/","title":{"rendered":"Friday 24th July 2026: Markets Slide as Oil Surges Above $100 and Tech Earnings Disappoint\u00a0"},"content":{"rendered":"\n<h3><br \/>Global Markets:<\/h3>\n\n\n\n<ul>\n<li>&nbsp;Asian Stock Markets : Nikkei down 3.01%, Shanghai Composite down 1.20% Hang Seng down 1.23% ASX down 0.95%<\/li>\n\n\n\n<li>Commodities : Gold at $4,033.90 (-0.40%) Silver at $57.650 (-0.70%), Brent Oil at 100.70 (0.01%), WTI Oil at 91.99 (-0.22%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.709, UK 10-year yield at 5.1036, Germany 10-year yield at 3.2115<\/li>\n<\/ul>\n\n\n\n<h3>News &amp; Data:<\/h3>\n\n\n\n<ul>\n<li>(EUR) &nbsp; Main Refinancing Rate&nbsp; 2.40%&nbsp; to&nbsp; 2.40% expected<\/li>\n<\/ul>\n\n\n\n<p>(USD) &nbsp; Unemployment Claims&nbsp; 187K&nbsp; &nbsp; to&nbsp; 211K&nbsp; expected<\/p>\n\n\n\n<h3>Markets Update:<\/h3>\n\n\n\n<p>U.S. stock futures were little changed on Thursday night after a broad market sell-off driven by surging oil prices and disappointing earnings from major technology companies. S&amp;P 500 futures were flat, while Nasdaq-100 and Dow futures edged lower.<\/p>\n\n\n\n<p>During Thursday\u2019s session, the Dow Jones Industrial Average fell more than 500 points, marking its fifth decline in six trading days. The S&amp;P 500 dropped 1.2%, and the Nasdaq lost 2.2%, recording their steepest one-day declines since June 23. Asian markets also weakened, with Japan\u2019s Nikkei, South Korea\u2019s Kospi, Hong Kong\u2019s Hang Seng, and China\u2019s CSI 300 all posting notable losses.<\/p>\n\n\n\n<p>Oil prices rallied sharply after reports that Houthi attacks targeted Saudi oil tankers in the Red Sea, raising concerns about potential disruptions to global crude supplies. Brent crude climbed above $100 per barrel for the first time since late May, while WTI traded above $92. Analysts noted that bearish market positioning amplified the price surge as supply risks intensified.<\/p>\n\n\n\n<p>Technology stocks added to market pressure. Tesla plunged nearly 15% after reporting weaker-than-expected second-quarter earnings, while Alphabet fell 7% after increasing its full-year capital expenditure guidance.<\/p>\n\n\n\n<p>For the week, the Dow and S&amp;P 500 were on track to lose around 0.8% and 0.7%, respectively, while the Nasdaq underperformed with a decline of about 1.5%, reflecting continued investor caution.<\/p>\n\n\n\n<h3>Upcoming Events:<br \/><\/h3>\n\n\n\n<ul>\n<li>2:00PM GMT &#8211; USD New Home Sales<\/li>\n<\/ul>\n\n\n\n<p><strong>Risk Warning:<\/strong>&nbsp;Trading in securities involves significant risk. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Securities, futures, options, and contracts for differences are complex financial instruments and are not suitable for all investors. Engaging in such transactions requires a sound understanding of the associated risks. Please read and ensure you fully understand our&nbsp;<a href=\"https:\/\/cdn.ic.com\/uploads\/FSA\/Risk_Disclosure_Notice_FSA.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Risk Disclosure<\/a>.<\/p>\n\n\n\n<p>Our leverage is dynamic and may change at any time. Such changes may affect your positions and margin requirements. You are responsible for monitoring your positions and maintaining sufficient margin at all times<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: (USD) &nbsp; Unemployment Claims&nbsp; 187K&nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":84958,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[196,215,339],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88346"}],"collection":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/comments?post=88346"}],"version-history":[{"count":1,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88346\/revisions"}],"predecessor-version":[{"id":88348,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/posts\/88346\/revisions\/88348"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media\/84958"}],"wp:attachment":[{"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/media?parent=88346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/categories?post=88346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic.com\/blog\/wp-json\/wp\/v2\/tags?post=88346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}