Market Midday: Stocks Mixed, U.S. Weapon Supply Questions, SpaceX Falls • 7/27/26

Summary

Stocks were mixed with chips down and the Dow up led by Salesforce. Oil eased on US-Iran pause, while US weapons depletion concerns surfaced. Jersey Mike's IPO is expected this week and SpaceX shares have halved from their peak.

• Major indexes mixed; Dow up 100 pts, S&P 500 and Nasdaq down
• Salesforce up 6% leading the Dow; most chip stocks red
• Apple, Allstate, AFLAC, BofA, JPMorgan, Travelers, CSX, General Dynamics hit all-time highs
• Oil prices fell as US-Iran strikes paused for three days
• UN Ambassador says US military stockpiles depleted but sufficient for now
• Jersey Mike's IPO expected Thursday as second-largest restaurant IPO ever
• SpaceX lost over half its value from all-time high
• Disney's Toy Story 5 crossed $1B at box office