Market Close: Stocks Fall, Dow Loses 500, Intel Posts Strong Results • 7/23/26

Market Trends and Macroeconomic Environment - US stock markets experienced a selloff, with the Dow dropping 506 points (down 1%) and the S&P 500 falling 90 points (down 1.2%) [1] - The Nasdaq index declined by 553 points, representing a decrease of over 2% [1] - 10-year Treasury yield surpassed 4.7%, reaching its highest level in a year and a half [4] - US crude oil prices topped $92 per barrel, while Brent crude surpassed $100 per barrel [5] Industry Performance and Corporate Dynamics - Alphabet shares fell 7% and Amazon shares dropped 4.5% amid investor concerns over AI overspending [1] - Micron shares rose 3% as the only chip stock in positive territory, while Intel reported strong quarterly results [2] - American Airlines reported year-over-year airfare increases of between 15% and 20%, with third-quarter revenue performing at record levels [7][8] - National average regular gasoline prices reached $4.9 per gallon, impacting consumer costs [7]