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S&P 500 Churns as Oil Decline Offsets Chip Selloff | Closing Bell
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July 24, 2026
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11:07Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Wall Street traders sent stocks wavering at the end of a jittery week, with a drop in oil prices and signs of strength in Corporate America’s profit machine offsetting a selloff in chipmakers.
While most shares in the S&P 500 rose, the index was little changed. A gauge of semiconductor firms sank 4.3%. The Nasdaq 100 fell over 1%. Brent slipped from $100 as crude was still managing to traverse Middle East trade routes despite the hostilities. The retreat in energy prices eased pressures on the Treasury market just days ahead of the Federal Reserve decision.
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