Bloomberg Television·2026-07-22 21:24Macroeconomic & Geopolitical Trends - The S&P 500 index traded slightly higher by 0.2% or remained nearly flat, while the Dow Jones Industrial Average rose by 0.2% to 0.1%, and the Nasdaq and Nasdaq 100 indices declined by 0.3% [7][8][42][70] - The U.S. national average diesel price reached $5.18 per gallon, driving broader inflationary pressures across transportation, construction, and mining sectors [22][23][24] - The U.S. global average effective tariff rate is expected to reach approximately 11% under Section 301 tariffs on forced labor [26] - West Texas Intermediate (WTI) crude oil reached $86.76 to $80 per barrel, and Brent crude increased by 3.3% to trading prints above $95, driven by ongoing geopolitical conflicts and Middle East tensions [9][43][71] - The U.S. 2-year Treasury yield stood at 4.29%, the 10-year yield ranged between 4.65% and 4.65%, and the 30-year yield reached 5.14% [8][43] Corporate Performance & Market Dynamics - Super Micro Computer (SMCI) shares soared by 20% to 26% after reporting a record quarterly order backlog exceeding $60 billion, with projected profit margins ranging between 15% and 17% [71][101][102] - AT&T shares rose more than 2% as monthly subscribers increased, with 40% of home broadband households also purchasing mobile phone services [94][96] - Nike shares dropped 2% and are down 37% year-to-date as the company plans a comprehensive reset of its China operations, including ending online sales agreements with hundreds of distributors [98] - Advanced Micro Devices (AMD) agreed to invest up to $5 billion in Anthropic [43]