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<a href="https://todaytrendnews7.com/when-stock-market-investors-chase-themes-fundamentals-take-a-back-seat/" title="When stock market investors chase themes, fundamentals take a back seat”>Stock market today: Dow, S&P 500, Nasdaq futures edge up as oil turns lower in wait for Big Tech earnings
Grace O’Donnell· Editor, Special Projects
Updated Mon, July 20, 2026 at 5:37 PM GMT+5:30
1 min read
US stock futures rose on Monday morning as investors awaited Big Tech earnings, while oil prices eased after touching $90 a barrel as the US and Iran exchanged tit-for-tat attacks over the weekend
Dow Jones Industrial Average futures (YM=F) edged up 0.2%, while those on the S&P 500 (ES=F) added 0.3%. Contracts for the tech-heavy Nasdaq-100 (NQ=F) popped almost 0.7% to follow a volatile week that saw semiconductor stocks post losses
The market is looking for the next catalyst for the artificial intelligence trade after a series of sector rotations in recent weeks. Wall Street has raised its expectations for quarterly results from Alphabet (GOOG, GOOGL), Intel Corporation (INTC), IBM (IBM), and Tesla (TSLA), due later this week, as investors look for signs that companies are monetizing AI to accompany their huge investments in the AI build-out
In the Middle East, the US-Iran war escalated again over the weekend after the US engaged in its ninth straight day of attacks and Iran retaliated by bombing US allies in the region, primarily Kuwait. The two sides remain far apart on a ceasefire agreement, even as the death toll from the conflict rises
Oil prices reversed gains on Monday after rising on the renewed tensions, as Iran said diplomatic exchanges with the US would continuenegotiations. Meanwhile, Brent crude futures (BZ=F) remain well below their April and May peaks, suggesting energy markets may be starting to look beyond the Strait of Hormuz for alternative shipping routes for oil exports
