Market Open: Stocks Mixed, Oil Eases, Intel Posts Strong Results • 7/24/26

Summary

CNBC's Jessica Ettinger provides a morning market update with stocks mixed and attempting to recover from a sell-off. Intel's strong AI-fueled results boost tech, while oil eases but remains elevated on Iran tensions. Rising mortgage rates, new tariffs, and mixed consumer signals from American Express add to market considerations.

• US stocks opened mixed, recovering from the prior day's sell-off.
• Intel posted strong quarterly results, raised its full-year CapEx forecast, and cited AI-driven demand.
• Oil prices have surged 10% in a week amid escalating US-Iran tensions but eased from recent highs.
• Mortgage rates reached a one-year high, with the 30-year fixed rate near 7%.
• The US imposed new tariffs of 10-12.5% on 60 economies over forced labor practices.
• American Express shares fell after mixed results, with concerns over high-end consumer spending.
• Bond yields softened slightly, offering some relief to markets.