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Nasdaq Drops, Brent Crude Tops $100, Yields Surge

7/23/2026

22 5 Full Breakdown

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Story summary
  • Nasdaq fell to its lowest level in two months after weak earnings caused Alphabet to drop 7.3% and Tesla to slide 12.2%.
  • Brent crude rose above $100 per barrel, its highest since late May, while the VIX reached 19.83.
  • Oil-price gains lifted two-year Treasury yields to a 17-month high and pushed Fed-hike odds to about 36%.