Public Markets 3 Hours

Last updated: July 16, 2026, 8:30 AM ET

Geopolitical Tensions Impact Markets

S&P 500 Index futures fell 0.2% as the U.S. intensified strikes against Iran, hitting an oil tanker near the country's main export terminal. Middle East bond spreads, as investors demand greater compensation due to renewed fighting between the U.S. and Iran. The potential closure of the Strait of Hormuz.

Corporate Earnings and Outlooks

raised full-year on higher sales and profit, now expecting adjusted earnings per share between $7.65 and $7.85, up from its previous forecast. Group's results, prompting the healthcare company to substantially raise its full-year earnings projection. Abbott Laboratories following a stronger-than-expected second quarter, driven by improved performance across most of its business lines. U.S. Bancorp reported record, attributed to strong loan growth, broad momentum in fees, and a recent acquisition.

Technology and Infrastructure

The operator of America's largest electricity network faces an emergency process to address a projected supply shortfall driven by the AI boom. Europe's AI infrastructure shares are poised for further gains as hyperscalers are expected to increase spending next year, according to Goldman Sachs. TSMC sees the AI boom continuing for another three years, sharply increasing its capital spending and sales projections. Chinese AI startup Moonshot, signaling a narrowing gap in frontier AI capabilities.

Energy and Renewables

French power exports surged 36% to a record in the first half of 2026, fueled by a rebound in nuclear output and rising renewable generation. Spanish energy firm Naturgy in Australia, its largest project in the country. Meanwhile, an explosion on power lines in South Africa to parts of Johannesburg and key mining towns.

Deals and Investments

ABB U.K.'s Rotork, capitalizing on demand for data center products and expanding its electrification and automation portfolios. Brokerage startup Alpaca in equity and debt to expand its financial markets trading infrastructure.

Market Trends and Investor Sentiment

Retail traders have moved from the margins to the center of the stock market. U.K. investors expressed optimism regarding reports that Shabana Mahmood could become the next Treasury chief. The U.K. government nationalized British, its last major steel mill, after no private buyers emerged.