More Stories

Informist, Thursday, Jul. 23, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: US markets close lower ahead of Alphabet earnings

 

MUMBAI--0701 IST--Indices in the US closed lower Wednesday as investors anticipated earnings of the first of the "Magnificent Seven" mega-cap companies and grappled with concerns over spending on artificial intelligence and rising oil prices. The Dow Jones Industrial Average and S&P 500 both closed slightly lower and the Nasdaq Composite fell the most. Google parent Alphabet's shares fell after the company said it will spend $205 billion on capital expenditure in 2026. This announcement comes amidst growing investor unease about AI spending. 

 

Texas Instruments fell in extended trading despite reporting higher than expected earnings for the June quarter. Tesla fell 3?ter it reported negative cash flow for the June quarter, a first in more than two years. The Philadelphia SE Semiconductor index closed slightly higher. 

 

Pest control company Rollins fell 10?ter its June quarter results fell short of the Street's expectations. The image, footage, and music platform company Shutterstock fell 10?ter it suspended its dividend and its Chief Executive Officer resigned as a consequence of the failed deal with Getty Images. The clinical research organisation Medspace Holdings closed 19% higher after the company reported June quarter results above the Street's estimates.

 

Uber has cut 10% jobs in its customer service segment in order to streamline operations, according to Bloomberg. Investors await the earnings for Intel, Dow Chemicals, American Airlines, T-Mobile, Union Pacific and Norfolk Southern, which are due later in the day. Weekly jobless claims will be released later in the day.

 

Following were the levels of major US indices Wednesday:

 

Index	Level	Change in %
Dow Jones Industrial Average	52218.58	(-)0.1
NASDAQ Composite	25690.90	(-)0.6
S&P 500	7498.96	(-)0.1

 

(Deesha Jadhav)

 

US$1 = INR 96.56

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Pankaj Aher

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.