**US Stock Markets Update**
On July 24, 2026, the S&P 500 is up 0.11%, the Dow Jones Industrial Average has increased by 0.08%, while the Nasdaq 100 is down 0.15%. This reflects a stabilization in the markets after a recent sell-off. Key factors influencing the market include a drop in oil prices following a missile attack by Iran-backed Houthis, which briefly sent WTI crude oil prices over 6% higher on July 23. Currently, WTI crude is down more than 2%, trading at $97 per barrel.
President Trump announced new tariffs ranging from 10% to 12.5% on 60 nations, replacing an expired 10% import tax. These tariffs, which focus on forced labor issues, exclude significant categories such as fuel, food, and vehicles. The Federal Reserve’s next FOMC meeting is projected to have a 35% chance of a rate hike, while the market anticipates strong Q2 earnings growth, expected to be around 23% compared to 30% in Q1.
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