Market Midday: Stocks Higher, Dow Eyes 3rd Losing Week, Gas Hits $4.10 • 7/24/26

Summary

Stocks are trying to rebound but the Dow is on track for a third losing week. Oil remains elevated and gas prices hit $4.10, while mortgage rates near 7% pressure housing. Analysts see fundamentals supporting the bull market and warn of a choppy housing market with mixed signals from costs and mortgage rates.

• Major averages are green but the Dow is still on pace for a losing week
• Intel shares lower despite strong quarterly results; IBM and Apple lead the Dow higher
• Most chip stocks are in the red except Nvidia, which is slightly higher
• Travelers, Allstate, RTX, Howmet Aerospace, and General Dynamics hit fresh all-time highs
• Mortgage rates near 7% raise concerns about softening in the homebuilder sector
• Lumber prices at a one-year high add cost pressure for builders
• U.S. crude at $89, Brent below $100, with national average gas price hitting $4.10
• Mega Millions and Powerball jackpots reach $743 million and $600 million respectively