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Chip Rally Boosts US Stocks; Trump Announces 50% Canada Tariffs

7/22/2026

50 7 Full Breakdown

Summary

Story summary

U.S. stock indexes rose on July 21, 2026, as the semiconductor index jumped 4.6% and was up nearly 72% YTD.
SanDisk, Western Digital and Micron each rose 8.3%-10.8%, lifting the Dow 358.11 points to 52,197.37.
Brent crude futures rose above $90 a barrel after two Saudi-crude tankers turned back in the Red Sea.
President Donald Trump announced 50% tariffs on many Canadian imports while a 10% global tariff expires Friday.

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Story summary

U.S. stock indexes rose on July 21, 2026, as the semiconductor index jumped 4.6% and was up nearly 72% YTD.
SanDisk, Western Digital and Micron each rose 8.3%-10.8%, lifting the Dow 358.11 points to 52,197.37.
Brent crude futures rose above $90 a barrel after two Saudi-crude tankers turned back in the Red Sea.
President Donald Trump announced 50% tariffs on many Canadian imports while a 10% global tariff expires Friday.