Wall St falls as tech earnings spark AI spending worries and oil hits $100
By Sinéad Carew and Ragini
Mathur
Thu July 23, 2026
Today was the perfect trifecta after disappointing Q2 from both Tesla and Alphabet drove all three indexes straight down from the open raising more concerns above AI spending and overvaluations in tech. Then there was oil hitting the magic 100, the benchmark that causes panic to set in about inflation. The war itself and all its escalations was the third part of the day’s troubles.