Bloomberg Television·2026-07-24 22:30Market Trends and Sentiment - The S&P 500 closed the week unchanged, while the Nasdaq 100 declined by more than 1%, driven heavily by a tech sell-off and a reversal in Intel shares [1] - Brent crude dropped about 4% to just below 97 dollars a barrel, and the 10-year Treasury yield decreased by about 2 basis points [1] - Despite 85 percent of reporting S&P 500 companies beating profit expectations, median stocks struggled to outperform benchmarks due to investor concerns over high artificial intelligence capital expenditures and rising interest rates [1] Sector Performance and Economic Environment - The industrial sector rose 18%, presenting diversification opportunities and benefiting from realigned global supply chains and artificial intelligence investments [2] - The U.S. government imposed tariffs between 10% and 12.5% on imports from around 60 economies due to failures in preventing forced labor in supply chains, increasing inflation and energy price concerns [2] - Federal Reserve Chairman Warsh and financial markets remain aware of inflationary pressures driven by tariffs, geopolitical volatility, and ongoing conflicts in the Middle East [3] Corporate Earnings and Semiconductor Industry - Intel beat second-quarter estimates for its data center and artificial intelligence business segment with 59% year-over-year growth, though shares dropped 8% amid broader concerns regarding the sustainability of artificial intelligence spending [5][6][13] - American Express shares sank following third-quarter revenue and car rental results, alongside a 10% jump in expenses driven by marketing, customer benefits, and millennial and Gen-Z acquisition efforts [33][35][36] - Sila Technologies raised 300 million dollars in a funding round to expand its next-generation silicon-based lithium-ion battery manufacturing capacity in central Washington, helping companies decouple supply chains from China [87][89][97]