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Oil Breaks $100 a Barrel, Tech Stocks Tumble: Markets Today

  Friday, July 24, 2026 Global markets are ending the week on shaky footing. Brent crude briefly broke above $100 a barrel for the first time in months as Middle East tensions escalate, while a wave of disappointing Big Tech earnings triggered the steepest one-day tech selloff in weeks. The TSX pulled back from Wednesday's record high, Wall Street's major indexes all closed lower, and Asian markets are extending the losses into Friday trading. The bottom line: Oil is up almost 38% this month on Middle East supply fears, and that's starting to show up everywhere — from gas pumps to bond yields to central bank odds. At the same time, investors are questioning whether the AI spending boom can keep justifying its price tag. That combination hit stocks hard on Thursday. 🇨🇦 TSX: Pulling Back From Record Highs The S&P/TSX Composite fell 0.82% Thursday to close at 35,193 , a day after touching a fresh all-time high of 35,485. The index opened sharply lower and fell as much...
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Wall Street Aims for Gains to Close 2023 in Subdued Holiday Trading

Wall Street is aiming for gains to close out 2023 in subdued holiday trading. Futures for the S&P 500 and the Dow Jones Industrial Average each edged less than 0.1% lower before the bell, but markets so far are holding on to gains for the week with little in the way of new economic data or corporate earnings. On Tuesday the S&P 500 rose 0.4% to 4,774.75, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017.

Investors should keep in mind that the stock market is volatile and can be unpredictable. It is important to do your research and invest wisely. If you are new to investing, it is recommended that you seek the advice of a financial advisor.


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