Dow, S&P 500, Nasdaq Futures Slip as Markets Weigh AI Capex, Widening Mideast Attacks

July 23, 2026

Breaking News

Image source: AI-generated with OpenAI

U.S. stock futures stepped lower on Thursday as investors digested the latest spending outlooks from Alphabet and Tesla, and eyed surging oil prices in the wake of expanded attacks in the Middle East.

Futures on the Dow Jones Industrial Average and the S&P 500 both fell around 0.4%.

Contracts for the tech-heavy Nasdaq-100 dropped 0.5%, after Wall Street stocks retreated on Wednesday amid a flurry of earnings reports.

Big Tech stocks were under pressure on Thursday morning, led by declines in shares of Alphabet and Tesla after the two "Magnificent Seven" heavyweights reported results after Wednesday's market close.

Alphabet posted a strong quarter fundamentally, but the Google parent's raised capex outlook comes as investors scrutinize AI's return on investment.

Tesla CEO Elon Musk also said 2026 would be a "massive capex year" for the company, highlighting a focus on Optimus robots, robotaxis, and data centers. Yahoo Finance reports.

EdgeUp

✈️ Webuy Strengthens Its Position in China's Growing Inbound Tourism Market Through Strategic Industry Partnerships

Webuy Global Ltd. today announced new strategic initiatives to expand its global tourism partnership network and strengthen its position in China's rapidly growing inbound tourism market.

The initiatives include becoming a member of the Pacific Asia Travel Association (PATA) and participating in the China Inbound Tourism Alliance Conference, reinforcing Webuy's long-term strategy of building an AI-assisted international tourism ecosystem connecting global travelers with destinations across China.

Webuy shares climbed in pre-market trading following the announcement. Globe Newswire reports.

🧬 Scancell and Neuphoria Therapeutics Announce Merger Agreement and Financing

Scancell Holdings plc and Neuphoria Therapeutics Inc. today announced an all-share merger under which Scancell will acquire Neuphoria.

Upon completion of the transaction, the combined company plans to operate under the name Scancell and will apply to trade on Nasdaq under the symbol "SCLT."

Alongside the merger, Scancell expects to secure up to $89 million in financing through a combination of equity and debt.

The company has secured commitments from new and existing shareholders for a $39.1 million private placement and intends to launch a $12.0 million UK placing and a retail offer to raise up to $3.0 million. Globe Newswire reports.

💻 Domo Announces Agreement to Sell Substantially All Assets to Progress Software for $400 Million

Domo, Inc. today announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation will acquire substantially all of the company's assets and employees, excluding its net operating loss (NOL) carryforwards, and assume certain liabilities for $400 million in cash, subject to customary purchase price adjustments.

At the closing of the transaction, the company is expected to have net cash of approximately $246 million, or $4.84 per share, representing an 81% premium to the 30-day volume-weighted average price, as well as more than $900 million of NOL carryforwards.

Domo shares rose in pre-market trading following the announcement. Businesswire reports.

💾 Why Micron, Sandisk, and SK Hynix Are Surging—And How to Play It

Memory stocks gained in pre-market trading Thursday as investors continued to favor companies expected to benefit from strong artificial intelligence infrastructure spending and tight memory supply.

Micron Technology, Sandisk, SK Hynix, and Western Digital moved higher as demand for AI memory and storage remained strong. Benzinga reports.

☁️ Why ServiceNow Shares Are Trading Higher

ServiceNow shares rose sharply in pre-market trading after the company reported better-than-expected second-quarter financial results.

ServiceNow reported quarterly earnings of 90 cents per share, beating the Street estimate of 85 cents, according to Benzinga Pro data.

Quarterly revenue came in at $3.99 billion, ahead of the analyst consensus estimate of $3.93 billion, and up from $3.22 billion in the same period last year. Benzinga reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) JEM: 707 Cayman Holdings Limited
Total gain: +64.02%

2) DOMO: Domo, Inc.
Total gain: +23.81%

3) NVEC: NVE Corporation
Total gain: +21.79%

4) EHGO: Eshallgo Inc.
Total gain: +17.61%

5) RELL: Richardson Electronics, Ltd.
Total gain: +17.49%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on July 22.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) ZCMD: Zhongchao Inc.
Total gain: +191.84%
The stock appeared to be moving on no notable news.

2) PN: PN Smart Energy Limited
Total gain: +131.76%
The stock appeared to be moving on no notable news.

3) ADVB: Advanced Biomed Inc.
Total gain: +73.02%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

SHG: Shinhan Finl Gr
Q2 2026
Before Market Open
Estimate: 2.290
Actual: N/A

SRCE: 1st Source
Q2 2026
After Market Close
Estimate: 1.710
Actual: N/A

LODE: Comstock
Q2 2026
After Market Close
Estimate: -0.120
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - Weekly Jobless Claims - July 18
11:00 AM - Kansas City Fed Survey - July

Parting Thoughts

“The greatest danger in times of turbulence is not the turbulence—it is to act with yesterday's logic.”

– Peter Drucker

Sourced in: Managing in Turbulent Times — HarperCollins.

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