The SPDR S&P 500 ETF Trust declined on July 23, 2026, as stock futures fell.
Geopolitical tensions escalated following reports of U.S. military strikes and Iranian missile fire. These conflicts triggered a rise in global oil prices.
Market sentiment also weakened following quarterly earnings reports from major technology companies. Tesla shares fell in pre-market trading after the company missed profit estimates.
Alphabet shares declined despite the company beating earnings expectations. Management announced a significant increase in capital expenditure forecasts for the remainder of the year.