Updated
Updated · Kiplinger's Personal Finance · Jul 24
Dow Rises 0.5% While Nasdaq Falls 0.6% as Oil, Tariff and Tech Fears Weigh
Updated
Updated · Kiplinger's Personal Finance · Jul 24

Dow Rises 0.5% While Nasdaq Falls 0.6% as Oil, Tariff and Tech Fears Weigh

3 articles · Updated · Kiplinger's Personal Finance · Jul 24

Summary

  • 51,947 on the Dow and 7,411 on the S&P 500 marked slim gains at Friday’s close, while the Nasdaq slid to 24,975 after indexes reversed from an intraday rebound.
  • Pakistan-led efforts to restart U.S.-Iran peace talks helped stocks recover from mid-morning lows, but inflation worries persisted as new Trump tariffs and elevated oil prices clouded the outlook before next week’s Fed meeting.
  • WTI crude fell 3% to $89.31 a barrel, easing some pressure, yet it remained more than 28% higher for the month; FedWatch showed a 64% chance of no rate change, down from 87% a week earlier.
  • Intel dropped 7.9% despite 25% revenue growth to $16.1 billion, underscoring weak tolerance for tech results, while Digital Realty jumped 11% after a beat-and-raise quarter and Bank of America gained 1.3% on a 14% dividend hike.
  • The mixed finish extended a weak stretch: the S&P 500 and Nasdaq logged second straight weekly losses, and the Dow posted its third consecutive weekly decline.

Insights

Is Wall Street’s rebound real, or just a pause before oil, yields, and chip weakness drag stocks lower again?
Are AI chip stocks losing their grip on the market as high yields and energy shocks expose overstretched valuations?
How much could Strait of Hormuz shipping disruption reignite inflation and overturn the market’s fragile relief rally?