Today's Recap · Tuesday, July 14, 2026
Stocks edge higher as oil spikes and IBM sinks
The S&P 500 and Nasdaq finish higher, but a sharp jump in crude and a brutal IBM selloff steal some of the spotlight.
The big picture. U.S. stocks mostly finish in the green. The S&P 500 rises 0.4% to 7543.6, the Nasdaq Comp. gains 0.9% to 26107.0, and the Russell 2000 adds 0.4%. The Dow is basically flat, up 0.0% at 52508.3.
The market tone is mixed underneath the index gains. Tech leads sectors with a 1.3% move, while healthcare falls 1.9% and staples drop 1.4%. The VIX falls 3.9% to 16.5, even as the VIX 9-day jumps 20.7% to 13.46.
A batch of headlines helps explain the crosscurrents. CNBC says Goldman Sachs and JPMorgan are emerging as AI winners, Reuters says U.S. stocks end higher on cool inflation data and solid bank earnings, and CNBC also reports U.S. strikes in Iran and renewed concern around the Strait of Hormuz, which lines up with a jump in oil.
Globally, Japan’s Nikkei drops 1.9%, Shanghai falls 2.1%, and South Korea’s Kospi sinks 9.0%. Europe is steadier, with the FTSE 100 up 0.3%, the DAX up 0.2%, and the CAC 40 up 0.3%. Crypto also firms, with total market cap up 3.7% to $2.3T and Bitcoin up 3.6% to 64486.0.