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Stocks Slide on AI and War Jitters; Intel Delivers Big Beat | Closing Bell
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July 23, 2026
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7:31Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Katie Greifeld, Bailey Lipschultz, Carol Massar and Tim Stenovec.
A surge in oil spurred by the escalating Iran war sent stocks and bonds lower, with Wall Street also rattled by renewed concerns over whether massive artificial-intelligence investments will pay off.
Brent crude topped $100 a barrel, stoking inflation fears and driving Treasury yields to their highest levels of the year. The S&P 500 dropped 1.2%, the most in a month. A gauge of megacaps saw its worst day since the April 2025 tariff-fueled meltdown. Despite solid results, Alphabet Inc. sank 6.9% after raising its capital spending forecast. Tesla Inc. tumbled 15% as its profit fell even after strong electric-vehicle deliveries. The dollar rose.
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