Market Open: Stocks, Chipmakers Rise; New Tariffs on Canadian Goods • 7/21/26
Speakers
Jessica Ettinger
— Anchor, CNBC
Dan Murphy
— CNBC International Correspondent (Dubai)
Kellyanne Shaw
— Former Trump trade adviser
Becky Quick
— Co-Anchor, Squawk Box
Summary
CNBC business news update with Jessica Ettinger covering US market gains led by 3M and chipmakers amid continued US-Iran conflict and oil shipping disruptions. New US tariffs target Canadian goods, while corporate stories include a Novo Nordisk lawsuit against Eli Lilly and strong earnings from General Motors.
- US stocks open higher: Dow up 94 points, S&P 500 up 31, Nasdaq up 226.
- 3M jumps nearly 8% on strong quarterly results; chipmakers Micron, Intel, AMD, Taiwan Semiconductor rally.
- US strikes on Iran continue for a 10th day; Houthis threaten Bab el-Mandeb strait, disrupting oil transit through Strait of Hormuz.
- US imposes additional 50% tariff on $20 billion of Canadian goods, aiming to pressure Canada on USMCA talks.
- Novo Nordisk sues Eli Lilly over allegedly misleading weight-loss drug advertisements.
- General Motors beats earnings estimates, cites resilient US car consumer and higher pricing.
- London Stock Exchange plans 24/7 trading next year to compete with crypto markets.
