News Bulletin
Thursday, July 23, 2026
Evening Edition

Economic Numbers:

Time

Event

Actual

Forecast

Previous

Thursday, July 23, 2026

8:30

Initial Jobless Claims

187K

211K

209K

8:30

Continuing Jobless Claims

1,796K

 

1,798K

8:30

Jobless Claims 4-Week Avg.

207.50K

 

214.75K

13:00

10-Year TIPS Auction

2.44%

 

2.17%

 

Indices
 

 

CLOSE

50 DMA

200 DMA

DJIA

51,711.65

51,403.20

48,873.42

NASDAQ

25,137.69

26,098.28

23,932.45

S&P 500

7,408.30

7,471.39

7,001.49

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

   COMPANY

EPS  Act

EPS Fore

Rev Act

Rev Fore

Mkt Cap

Time

IntelINTC:US

-

0.21

14.34B

12.9B

$284.27B

PM

T-Mobile UsTMUS:US

2.85

2.58

23B

21.13B

$230.35B

AM

Raytheon TechnologiesRTX:US

1.89

1.65

22.87B

21.6B

$192.27B

AM

Thermo Fisher ScientificTMO:US

6.03

5.72

11.71B

10.85B

$177.96B

AM

Union PacificUNP:US

3.41

3.17

6.57B

6.2B

$165.49B

AM

BlackstoneBX:US

1.52

1.35

3.45B

3.71B

$148.37B

AM

Honeywell InternationalHON:US

1.95

4.84

9.55B

10.4B

$139.79B

AM

Newmont MiningNEM:US

-

2.21

6.49B

5.32B

$128.03B

PM

Lockheed MartinLMT:US

7.94

7.22

19.37B

18.2B

$127.41B

AM

ComcastCMCSA:US

1.04

0.97

29.23B

30.31B

$121.00B

AM

Freeport-McMoranFCX:US

0.74

0.58

6.61B

7.58B

$88.34B

AM

Norfolk SouthernNSC:US

3.52

3.2

3.26B

3.11B

$72.71B

AM

Digital RealtyDLR:US

-

0.49

1.65B

1.49B

$66.34B

PM

Comfort Systems USAFIX:US

-

10.42

2.97B

2.17B

$63.14B

PM

NASDAQNDAQ:US

1.07

0.94

1.42B

1.31B

$50.11B

AM

Edwards LifesciencesEW:US

-

0.74

1.7B

1.53B

$47.05B

PM

Ameriprise FinancialAMP:US

11.07

10.63

4.77B

4.37B

$44.59B

AM

Hartford Financial ServicesHIG:US

-

3.22

7.39B

6.99B

$41.51B

PM

Roper IndustriesROP:US

5.38

5.29

2.1B

1.94B

$38.93B

AM

EMCOREME:US

-

7.25

4.7B

4.3B

$38.34B

 

PG&EPCG:US

0.4

0.36

6.15B

5.9B

$35.91B

AM

DoverDOV:US

2.74

2.73

2.21B

2.05B

$31.30B

AM

VerisignVRSN:US

-

2.45

433.67M

410M

$27.94B

PM

DowDOW:US

1.44

1.2

11.98B

10.1B

$26.97B

AM

First Citizens BancsharesFCNCA:US

57.09

40.42

2.16B

2.38B

$25.72B

AM

Huntington BancsharesHBAN:US

0.39

0.36

2.84B

1.95B

$24.50B

AM

CMS Energy CorporationCMS:US

-

0.78

1.92B

1.84B

$22.76B

AM

West Pharmaceutical ServicesWST:US

2.37

2.08

839.22M

766.5M

$22.67B

AM

Quest DiagnosticsDGX:US

3.12

2.82

2.98B

2.76B

$21.99B

AM

First SolarFSLR:US

-

3

1.07B

1.1B

$21.61B

 

NVRNVR:US

83.96

91.41

2.4B

2.55B

$21.14B

PM

Snap-OnSNA:US

4.96

4.99

1.22B

1.18B

$20.65B

AM

Tractor SupplyTSCO:US

0.81

0.85

4.64B

4.44B

$19.46B

AM

SS&C TechnologiesSSNC:US

-

1.68

1.65B

1.54B

$17.31B

PM

Deckers OutdoorDECK:US

-

0.87

1.02B

965M

$15.58B

PM

Erie IndemnityERIE:US

-

3.57

1.23B

1.06B

$13.01B

PM

Somnigroup InternationalTPX:US

-

0.57

1.88B

1.89B

$12.27B

AM

Old Republic InternationalORI:US

0.76

0.82

2.39B

2.21B

$10.99B

AM

Allison TransmissionALSN:US

-

2.4

1.5B

814M

$10.73B

PM

Ryder SystemR:US

3.73

3.66

3.28B

3.19B

$10.73B

AM

EnsignENSG:US

-

1.84

1.43B

1.23B

$10.70B

 

FirstCashFCFS:US

2.5

2.27

1.03B

830.62M

$9.50B

AM

PoolPOOL:US

5.38

5.35

1.82B

1.78B

$8.80B

AM

LKQLKQ:US

-

0.71

3.49B

3.64B

$8.42B

AM

Rexford Industrial RealtyREXR:US

-

0.29

240.83M

249.51M

$7.85B

PM

American AirlinesAAL:US

0.15

-0.02

16.65B

14.4B

$7.74B

AM

Boyd GamingBYD:US

-

1.89

1.04B

1.03B

$7.55B

PM

Federal SignalFSS:US

-

1.29

667.19M

565M

$7.42B

 

Valley National BancorpVLY:US

0.3

0.31

556.89M

495.01M

$7.01B

AM

Eagle MaterialsEXP:US

-

3.41

621.37M

634.7M

$6.69B

 

Columbia Banking SystemCOLB:US

-

0.73

689.2M

510.91M

$6.21B

PM

Granite ConstructionGVA:US

-

2.33

1.41B

1.13B

$6.03B

AM

United BanksharesUBSI:US

0.95

0.88

320.44M

306M

$5.94B

AM

Ameris BancorpABCB:US

-

1.66

323.76M

301.6M

$5.86B

PM

Glacier BancorpGBCI:US

-

0.75

322.19M

240.56M

$5.60B

PM

Cleveland-CliffsCLF:US

1.111111111

 

5.22B

4.9B

$5.18B

AM

SLMSLM:US

-

0.47

415.72M

403.6M

$5.16B

PM

SelectiveSIGI:US

-

1.62

1.31B

1.28B

$4.72B

PM

Associated BancASB:US

-

0.73

437.72M

366.98M

$4.61B

PM

Enova InternationalENVA:US

-

3.97

903.67M

764M

$4.44B

PM

Bread Financial HoldingsADS:US

3.55

2.72

958.07M

929M

$4.33B

AM

Wsfs FinancialWSFS:US

-

1.48

278.27M

267.5M

$4.31B

PM

Tfs FinancialTFSL:US

-

0.08

85.87M

82.04M

$4.22B

 

RingCentralRNG:US

-

1.16

650.55M

620M

$4.19B

PM

BancfirstBANF:US

-

1.73

176.02M

169.3M

$3.81B

 

SkyWestSKYW:US

-

2.76

1.11B

1.03B

$3.74B

PM

ChemoursCC:US

-

0.49

1.65B

1.62B

$3.65B

PM

First Interstate BancSystemFIBK:US

-

0.69

250.77M

248.3M

$3.60B

PM

Harley DavidsonHOG:US

0.75

0.63

1.16B

1.31B

$3.43B

AM

BancorpTBBK:US

-

1.35

189.17M

181.24M

$3.19B

 

Patrick IndustriesPATK:US

-

1.41

1.04B

1.05B

$3.12B

 

VisteonVC:US

1.91

2.2

947.29M

969M

$3.01B

AM

Robert Half InternationalRHI:US

-

0.25

1.32B

1.37B

$2.86B

PM

Boston BeerSAM:US

-

4.99

574.2M

587.95M

$2.85B

PM

MaxLinearMXL:US

-

0.33

164.6M

108.8M

$2.81B

PM

KnowlesKN:US

-

0.29

153.53M

145.9M

$2.81B

PM

Netscout SystemsNTCT:US

-

0.38

196.17M

186.75M

$2.72B

AM

TownebankTOWN:US

0.78

0.81

300.54M

207.44M

$2.64B

AM

HilltopHTH:US

-

0.46

307.34M

303.31M

$2.57B

PM

Customers BancorpCUBI:US

-

2.04

230.45M

206.31M

$2.43B

PM

SPS CommerceSPSC:US

-

1.09

195.44M

187.4M

$2.08B

 

1st SourceSRCE:US

-

1.66

113.3M

108.41M

$2.03B

 

CBIZCBZ:US

-

0.71

697.93M

683.5M

$1.66B

 

S&T BancorpSTBA:US

1.02

0.91

104.41M

100.07M

$1.66B

AM

LTC PropertiesLTC:US

-

0.5

77.61M

60.24M

$1.66B

PM

Trico BancsharesTCBK:US

1.06

1.02

110.98M

103.61M

$1.64B

PM

AtriCureATRC:US

-

-0.01

151.84M

136.1M

$1.43B

PM

Marten TransportMRTN:US

-

0.07

222.94M

229.92M

$1.42B

 

World Kinect CorporationINT:US

-

0.66

10.17B

9.04B

$1.41B

PM

ScholasticSCHL:US

-

2.19

517.06M

508.3M

$1.34B

PM

Ladder CapitalLADR:US

0.12

0.24

56.5M

56.26M

$1.32B

AM

GenthermTHRM:US

0.75

0.56

382.01M

375M

$934.00M

AM

On AssignmentASGN:US

-

-

-

1.02B

$930.90M

 

 

Market News:

U.S. stocks on Thursday ended deep in negative territory, weighed down by losses in heavyweight names Alphabet and Tesla after their spending plans failed to quell investor concerns about the artificial intelligence trade.

 

Sentiment was also under pressure from a surge in oil prices, with the global crude benchmark topping $100 a barrel for the first time since May amid a potentially widening conflict in the Middle East.

 

In a bright spot, the economic calendar showed the number of Americans filing for initial jobless claims in the past week fell to their lowest level since May 1969, pointing to a strong labor market.

 

The benchmark S&P 500 index slid 1.2% to close at 7,407.58 points, the tech-heavy NASDAQ Composite fell 2.2% to settle at 25,137.69 points, and the blue-chip Dow Jones Industrial Average shed 1% to conclude at 51,711.29 points. 

Alphabet, Tesla spending spooks investors

Coming into Wednesday’s earnings from Alphabet and Tesla, the high-flying AI trade had seen a sharp bout of profit-taking since last month amid soaring concerns about massive valuations and uncertain returns from the billions of dollars being poured into AI infrastructure, or the combined hardware and software stack needed to handle massive data and computing power used to build and train AI processes.

 

The results did little to calm those concerns, after the Google-parent reported its first quarterly cash burn on record and the electric vehicle (EV) manufacturer announced quarterly negative free cash flow for the first time since Q1 2024.

For the full year, Alphabet raised its capital expenditures guidance to $195 billion to $205 billion, up from $180 billion to $190 billion range previously, and warned spending would climb further in 2027. Tesla, for its part, reiterated expectations of more than $25 billion in capex. Top boss Elon Musk on the earnings conference call conceded that "this is a massive capex year," but argued that it was necessary to eventually “yield incredible returns.”

 

Tesla stock concluded 14.5% lower, while class A shares of Alphabet fell more than 7%. Both stocks ended among the top three percentage losers on the NASDAQ Composite.

 

“Alphabet is spending hundreds of billions of dollars as it looks to stay ahead in the AI arms race, but there is still a healthy degree of skepticism about the ability of these investments to generate a commensurate level of return," Russ Mould, investment director at AJ Bell, said. 

 

“Along with the mounting levels of capex, Alphabet is also facing higher operating costs, thanks to capacity issues and energy costs, which is expected to put pressure on margins. Alphabet sees this as a price worth paying to secure market share but when you combine this weakened profitability with cash flow pressures, it’s easy to see why the market is uncomfortable,” he noted.

 

"(Tesla) had already reported a rebound in EV demand as it posted record second-quarter vehicle deliveries, the question was how profitable these sales had been. The answer is not very – with a big drop in margins seeing profit for the period sink well below consensus forecasts – suggesting Tesla has only managed to lure back buyers by slashing prices," Mould said.

 

“A pivot into robotaxis and AI-powered humanoid robots is being accelerated but the associated spending meant it slipped into negative free cash flow for the first time in two years,” he added.     

 

Market participants are now looking ahead to quarterly numbers from chipmaker Intel after the closing bell. They are keen to see if the legacy tech major, despite lagging behind its chipmaking rivals in capitalizing on AI demand in recent years, has narrowed this gap so far in 2026. Support from the U.S. government has helped underpin a major turnaround plan at Intel, with a new advanced chip platform being at the heart of its ambitions.

Earnings snapshot: RTX and LMT rise, Honeywell caps Dow losses

Away from tech earnings, there were several other big names that reported results.

 

Shares of defense contractors RTX and Lockheed Martin advanced 7.3% and 10.5%, respectively, after both raised their full-year top- and bottom-line guidance. The ongoing conflict in the Middle East has played its part in boosting their performance, as the Pentagon increases efforts to replenish munitions stockpiles.     

 

Honeywell Technologies stock added 5.7% and was the top percentage gainer on the blue-chip Dow, after the firm’s quarterly orders rose 16% Y/Y, helping its overall backlog reach about $20 billion at the end of the three-month period.

 

The company is the automation arm that emerged from a three-way split completed this year which saw Honeywell Aerospace being spun off into an independent entity and the specialty materials business being spun off into Solstice Advanced Materials.

T-Mobile US slipped 10.7% and ended among the top percentage losers on the S&P 500. The number one U.S. wireless carrier by market cap delivered a quarterly revenue miss, as postpaid net account additions declined 13% Y/Y.  

Trump criticizes Houthi attacks as Brent tops $100

Turning to the Middle East, the situation threatened to turn into a wider conflict after Iran-backed Houthis in Yemen took responsibility for strikes on two Saudi Arabian tankers in the Red Sea, the first since the militia announced a blockade on Saudi vessels this week. The attacks threaten to further disrupt global oil supplies out of the region, with Kpler estimating 1.9 million barrels a day of Saudi west coast refining capacity exposed to potential Houthi missile hits.

 

The shipping tracker also said confirmed vessel crossings through the Strait of Hormuz had dropped by 75%, leaving more oil accumulating in the Gulf. Ships have become increasingly cautious in transiting the vital waterway amid continued tit-for-tat strikes between the U.S. and Iran.

 

U.S. Central Command on Wednesday completed a twelfth consecutive night of bombardment against Iran, while its naval blockade had redirected nine commercial vessels and disabled one to prevent ships from entering or exiting Iranian ports. Tehran has retaliated by striking U.S. military bases in neighboring countries such as Kuwait, Jordan, and Bahrain.

 

President Donald Trump on Thursday morning criticized the Houthis. He said they had "acted very responsibly" over the past year but were now "starting up again" by shooting at the two Saudi ships.

 

"If they do this again, the U.S. will hold Iran responsible, in that the Houthis are a Surrogate and/or Proxy of Iran, and major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves, who I am very disappointed with in that they have, until now, acted very professionally and smart," the U.S. leader said.

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