--- title: Market Report, 2026-07-22 description: Markets slipped as AI spending, rising oil prices, and Middle East tensions pressured stocks ahead of Alphabet earnings. Scott Leavitt breaks it down. image: https://blog.adamswealthadvisors.com/hubfs/Scott%203%20with%20Credentials.png --- [Skip to content](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22#main-content) [![AdamsWealth-logo-white](https://blog.adamswealthadvisors.com/hubfs/Imported%20sitepage%20images/AdamsWealth-logo-white.svg "AdamsWealth-logo-white")](https://adamswealthadvisors.com/) [Connect with an Advisor](https://adamswealthadvisors.com/contact-us/) July 23, 2026 # Market Report, 2026-07-22 [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22) [pinterest-p icon](http://pinterest.com/pin/create/link/?url=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22) [envelope icon](mailto:?body=https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-22) Market Report, 2026-07-22 1:57 Your browser does not support the video tag. Although everyone would like to see stocks rally, it has recently become harder for rallies to be sustained. Major stock indices slid today as multifaceted concerns weighed on the market once again. Investors are increasingly scrutinizing big tech companies’ spending on AI infrastructure as capital expenditures soar. The conflict in the Middle East has also pushed crude oil prices higher again. Both sides of the conflict—namely, the United States and Iran—have broadened their strikes against each other while downplaying the possibility of diplomatic talks. As a result, Brent crude oil remained above $90 per barrel for the second consecutive day. The bond market has not taken the development lightly, given that inflation erodes bondholders’ earnings and the United States’ fiscal outlook has long faced scrutiny. The five-year U.S. Treasury yield climbed four basis points to a new high for the year of 4.41%. The 10-year yield rose three basis points and is now only one-tenth of a basis point below its one-year high at 4.66%. Gold rallied as deleveraging in the gold market cooled and geopolitical risks drove investors toward the centuries-old safe haven. Meanwhile, the Dow Jones Industrial Average declined by six points to 52,219, demonstrating its defensive nature. The Nasdaq declined by 0.57% to 25,691, while the S&P 500 slid by 0.14% to 7,499. The market rotated toward hard assets again today, while technology and labor-heavy stocks took a dive. Tomorrow, we will assess the market’s reaction to Alphabet Inc.’s earnings report, which is significant to the AI investment thesis. Adams Wealth Advisors will return to keep you informed.   [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Scott Leavitt, MSFP, CFP®](https://blog.adamswealthadvisors.com/daily-market-minute/tag/scott-leavitt-msfp-cfp) ## Related posts [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/David.png?height=200&name=David.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-29) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [David Kastner, CFA](https://blog.adamswealthadvisors.com/daily-market-minute/tag/david-kastner-cfa), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update) ## [Market Report, 2026-05-29](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-29) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) May 29, 2026 Your browser does not support the video tag. Stocks finish the holiday-shortened week at or near... [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-05-29) [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/David.png?height=200&name=David.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-17) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [David Kastner, CFA](https://blog.adamswealthadvisors.com/daily-market-minute/tag/david-kastner-cfa), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update) ## [Market Report, 2026-07-17](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-17) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) July 20, 2026 Your browser does not support the video tag. [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-07-17) [![](https://blog.adamswealthadvisors.com/hs-fs/hubfs/Brook-CoverPhoto.png?height=200&name=Brook-CoverPhoto.png)](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) [wealth management](https://blog.adamswealthadvisors.com/daily-market-minute/tag/wealth-management), [Daily Market Update](https://blog.adamswealthadvisors.com/daily-market-minute/tag/daily-market-update), [Brooklyn Stevenson](https://blog.adamswealthadvisors.com/daily-market-minute/tag/brooklyn-stevenson) ## [Market Report, 2026-02-27](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) [Adams Wealth Advisors](https://blog.adamswealthadvisors.com/daily-market-minute/author/adams-wealth-advisors) March 2, 2026 [Read more](https://blog.adamswealthadvisors.com/daily-market-minute/market-report-2026-02-27) ## ![awa_square-1](https://blog.adamswealthadvisors.com/hs-fs/hubfs/awa_square-1.png?width=123&height=123&name=awa_square-1.png) ## 701 S Main, Suite 400 Logan, UT 84321 (435) 752-1702 Monday – Friday 9am – 5pm ## 491 N Bluff St. Ste 200 Saint George, UT 84770 (435) 294-0962 Monday – Friday 9am – 5pm ## Find us   [facebook-f icon](https://www.facebook.com/) linkedin-in icon Twitter icon ## ![awa_square-1](https://blog.adamswealthadvisors.com/hs-fs/hubfs/awa_square-1.png?width=123&height=123&name=awa_square-1.png) ## 701 S Main, Suite 400 Logan, UT 84321 (435) 752-1702 Monday – Friday 9am – 5pm 491 N Bluff St. Ste 200 Saint George, UT 84770                                            [(435) 294-0962](tel:4352940962) Monday – Friday 9am – 5pm ## Links   - [Home](https://adamswealthadvisors.com/) - [Your Plan](https://adamswealthadvisors.com/your-plan/) - [Your Needs](https://adamswealthadvisors.com/your-needs/) - [Investment Management](https://adamswealthadvisors.com/your-needs/#plan-213) - [Team Based Approach](https://adamswealthadvisors.com/team-based-approach/) - [Insights](https://adamswealthadvisors.com/insights/) ## Contact   - [Meet an Advisor](https://adamswealthadvisors.com/meet-an-advisor/) - [Contact Us](https://adamswealthadvisors.com/contact-us/) - [Join Newsletter](https://adamswealthadvisors.com/join-newsletter/) ## Find us   [facebook-f icon](https://www.facebook.com/) linkedin-in icon Twitter icon ## Adams Wealth Management is a registered investment adviser. 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