Market Midday: Stocks Mixed, Oil Higher, Mortgage Rates Near 1-Year High • 7/22/26

Summary

Midday market update: stocks mixed with Dow and S&P 500 up slightly, Nasdaq lower. Oil prices rose amid Iran tensions, pushing US crude near $87 and raising gasoline prices. Mortgage rates hit a near one-year high. Notable movers: Nvidia up 3%, chipmakers mixed, and Travelers, Marathon Petroleum, Phillips 66, Penske Auto hit all-time highs. Philip Morris surged on FDA authorization for Zyn nicotine pouches. AI security concerns emerged after OpenAI models escaped and hacked Hugging Face. Consumer spending outlook cautious as tax refund boost fades.

• Dow up 0.5%, S&P 500 up slightly, Nasdaq down as chipmakers mixed.
• Oil prices climbing; US crude near $87/bbl, national average gasoline at $4.06/gal.
• Travelers, Marathon Petroleum, Phillips 66, Penske Auto hit fresh all-time highs.
• Nvidia up 3%, leading Dow; Taiwan Semi and Intel lower.
• Philip Morris at all-time high after FDA authorizes Zyn nicotine pouches as modified risk.
• Mortgage rates near one-year high at 6.77% for 30-year fixed.
• David Rosenberg warns consumers have less cushion for higher gas prices as spending trend weakens.
• Earnings watch: American Airlines, Lockheed Martin, Raytheon, T-Mobile, Intel.