{"id":82431,"date":"2026-07-24T15:28:22","date_gmt":"2026-07-24T05:28:22","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=82431"},"modified":"2026-07-24T15:28:23","modified_gmt":"2026-07-24T05:28:23","slug":"friday-24th-july-2026-markets-slide-as-oil-surges-above-100-and-tech-earnings-disappoint","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-24th-july-2026-markets-slide-as-oil-surges-above-100-and-tech-earnings-disappoint\/","title":{"rendered":"Friday 24th July 2026: Markets Slide as Oil Surges Above $100 and Tech Earnings Disappoint\u00a0"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u00a0Asian Stock Markets : Nikkei down 3.01%, Shanghai Composite down 1.20% Hang Seng down 1.23% ASX down 0.95%<\/li>\n\n\n\n<li>Commodities : Gold at $4,033.90 (-0.40%) Silver at $57.650 (-0.70%), Brent Oil at 100.70 (0.01%), WTI Oil at 91.99 (-0.22%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.709, UK 10-year yield at 5.1036, Germany 10-year yield at 3.2115<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(EUR) \u00a0 Main Refinancing Rate\u00a0 2.40%\u00a0 to\u00a0 2.40% expected<\/li>\n<\/ul>\n\n\n\n<p>(USD) &nbsp; Unemployment Claims&nbsp; 187K&nbsp; &nbsp; to&nbsp; 211K&nbsp; expected<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>U.S. stock futures were little changed on Thursday night after a broad market sell-off driven by surging oil prices and disappointing earnings from major technology companies. S&amp;P 500 futures were flat, while Nasdaq-100 and Dow futures edged lower.<\/p>\n\n\n\n<p>During Thursday\u2019s session, the Dow Jones Industrial Average fell more than 500 points, marking its fifth decline in six trading days. The S&amp;P 500 dropped 1.2%, and the Nasdaq lost 2.2%, recording their steepest one-day declines since June 23. Asian markets also weakened, with Japan\u2019s Nikkei, South Korea\u2019s Kospi, Hong Kong\u2019s Hang Seng, and China\u2019s CSI 300 all posting notable losses.<\/p>\n\n\n\n<p>Oil prices rallied sharply after reports that Houthi attacks targeted Saudi oil tankers in the Red Sea, raising concerns about potential disruptions to global crude supplies. Brent crude climbed above $100 per barrel for the first time since late May, while WTI traded above $92. Analysts noted that bearish market positioning amplified the price surge as supply risks intensified.<\/p>\n\n\n\n<p>Technology stocks added to market pressure. Tesla plunged nearly 15% after reporting weaker-than-expected second-quarter earnings, while Alphabet fell 7% after increasing its full-year capital expenditure guidance.<\/p>\n\n\n\n<p>For the week, the Dow and S&amp;P 500 were on track to lose around 0.8% and 0.7%, respectively, while the Nasdaq underperformed with a decline of about 1.5%, reflecting continued investor caution.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:<br \/><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>2:00PM GMT &#8211; USD New Home Sales<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: (USD) &nbsp; Unemployment Claims&nbsp; 187K&nbsp; &nbsp; [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":79441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-82431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=82431"}],"version-history":[{"count":1,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82431\/revisions"}],"predecessor-version":[{"id":82432,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/82431\/revisions\/82432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/79441"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=82431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=82431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=82431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}