Market Close: Stocks Mixed, Dow Down 500; Oil Jumps After Ceasefire Ends • 7/8/26

Summary

Stocks closed mixed with the Dow dropping 500 points while the Nasdaq edged higher, as the collapse of the Iran ceasefire sent oil prices surging 5%. Analysts noted the market remains resilient, with semiconductors providing support and earnings optimism limiting downside. Geopolitical uncertainty and inflation concerns loom ahead of key earnings and housing data.

• Dow fell 576 points (1%), S&P 500 down 21, Nasdaq gained 51 as markets recovered from intraday lows.
• Oil jumped 5% after the Iran ceasefire collapsed, with US crude topping $75 a barrel.
• Semiconductors helped hold the Nasdaq in positive territory.
• Hightower's Stephanie Link advised against panic, citing better-than-expected earnings.
• Rapidan Energy's Scott Modell warned the market prematurely priced in crude oil dropping.
• PIMCO's Libby Cantrell highlighted political pressure on President Trump to seek another ceasefire.
• Fox faces competition from Netflix, Disney, and YouTube for FIFA World Cup media rights.
• Waymo is expanding driverless rides to San Diego, Las Vegas, Tampa, and Denver.