Bloomberg Television·2026-07-24 22:02Market Trends & Macro Economics - S&P 500 increased by 0.4%, the Dow fell by 0.5%, and Brent crude fell below $100 per barrel, up about 30 for the month [2][3] - The U.S. extended a 10 percent tariff baseline and announced new Section 301 tariffs targeting 60 economies with 10% to 12.5% levies [3][7][10][11] - The Bloomberg Intelligence projected the generative AI and agentic market to grow to $2.3 trillion by 2030 [45] Industry Dynamics & Corporate Performance - Intel shares dropped by 4.4% following its earnings report, and the Philadelphia Stock Exchange Semiconductor Index fell by 3.1% [5] - Alphabet reported cloud growth of 82% with a $100 billion run rate and a backlog exceeding $500 billion, while raising its full-year capex by 4% [29][31][33] - Qualcomm announced plans to increase its prices by double digits, which is expected to ripple through the tech industry [38] - Oracle's stock fell 3% amid a 10-year software deal with the Pentagon valued at over $3 billion for the first five years and over seven if options are exercised [95][96] - Canada Goose shares dropped about 4% following a downgrade from Williams Trading over risks related to President Trump's 50% tariffs on Canadian goods, with over 25% of its revenue coming from the U.S. [98][99]