Public Markets 3 Hours

Last updated: July 24, 2026, 2:30 PM ET

Energy Markets Under Pressure

Oil futures as ship insurers restricted war coverage for Saudi Arabian cargoes in the Red Sea due to Houthi rebel attacks. Further impacting global supply, Russia’s top Black Sea oil port halted loadings for several days amid a surge in Ukrainian drone strikes. Meanwhile, traders kept an eye on oil futures in energy market discussions.

Corporate Earnings and Dealmaking

American Express reported higher sales and profit in the second quarter, driven by increased card member spending. Booz Allen also posted better-than-expected profit, citing accelerating demand and successful cost-cutting efforts. In a market development, a private equity firm founder pleaded guilty to defrauding investors out of over $50 million, highlighting risks in private credit-insurance nexus.

Company and Sector Watch

Expert stockpickers discussed as potential investment opportunities. In executive dealings, a non-executive chair at Fevara significantly boosted their stake in the livestock supplement producer. Market participants also received insights on Volkswagen, CN Rail, and SIA Engineering in the auto and transport sector, and on Intel, SAP, and Nokia in tech, media, and telecom.

Broader Economic and Environmental Concerns

Lettuce, a staple leafy green, remains a focus amidst concerns over outbreaks. In broader climate-related news, France is seeking guidance from Spain on managing prolonged hot weather, as wildfires in both France and Spain forced evacuations of tens of thousands of people. Separately, a branding shift by Coca-Cola drew comparisons to Marlboro's typeface.