Public Markets 3h Briefing
×Last updated: July 23, 2026, 5:30 PM ET
Commodities and Energy Markets Face Volatility
U.S. stocks slid sharply wsj.com as global oil prices wsj.com a barrel for the first time in two months, while U.S. natural gas futures wsj.com despite a weekly inventory build. Gold fell 2.4% wsj.com to $4,046.50 a troy ounce, though its longer-term outlook remains strong. Newmont Corporation wsj.com reported higher profits despite lower gold prices, maintaining its full-year guidance. Meanwhile, Dangote is planning to expand its Lagos refinery capacity to 1.4 million barrels per day by 2028 with a record $2.5 billion investment secured ft.com.
Tech and AI Sector Sees Mixed Fortunes
Intel shares ft.com after the chipmaker posted its fastest growth in 15 years, with revenue jumping 25% in the second quarter. However, U.S. stocks were also weighed down by earnings from Alphabet and Tesla, which wsj.com. Tesla shares wsj.com around 15% following a disappointing quarter, and SpaceX has fallen 50% from its highs. Goldman Sachs bloomberg.com and JPMorgan Chase launched new products allowing investors to trade tech industry debt in $250 million increments, amid growing concerns over hyperscaler debt.
Corporate Earnings and Investment Trends
Deckers Outdoor wsj.com reported a 5.7% rise in first-quarter sales, driven by continued global demand for its Hoka and Ugg brands. Vanguard bloomberg.com data indicates that millennials and Gen Z investors are increasingly avoiding bonds. Wellington Management is reportedly passing on data-center debt deals due to concerns over property values and declining returns bloomberg.com.
Infrastructure and Entertainment Developments
California's Port of Long Beach is wsj.com to meet its growing electricity demands. In entertainment, Sony nytimes.com is reviving the iconic Cinerama Dome in Los Angeles, with the venue set to reopen in 2028 after renovations. The U.S. government has withdrawn subpoenas issued to New York Times journalists, a move that followed a federal judge's questions regarding the subpoenas' handling as an intimidation tactic nytimes.com. Separately, the Trump administration dropped a subpoena demanding a list of Jews from the University of Pennsylvania, a rare pullback in its use of inquiries as leverage nytimes.com.