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  5. US markets today: Dow, S&P 500, Nasdaq futures indicate gap-down open amid $100/bbl oil prices; Intel earnings in focus

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US markets today: Dow, S&P 500, Nasdaq futures indicate gap-down open amid $100/bbl oil prices; Intel earnings in focus

Anubhav Mukherjee
By Anubhav Mukherjee

5 min read | Updated on July 23, 2026, 18:47 IST

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SUMMARY

US futures indicate a negative stock market opening on Thursday, July 23, as investors continue to monitor crude oil prices at $100/bbl, major financial earnings, and mixed global market cues.

Dow Jones, S&P 500 and Nasdaq futures indicate a negative open ahead of the opening bell on Thursday, July 23. | Image: Shutterstock

Dow Jones, S&P 500 and Nasdaq futures indicate a negative open ahead of the opening bell on Thursday, July 23. | Image: Shutterstock

US markets today: Equity futures on Wall Street indicate a gap-down open on Thursday, July 23, as investors focused on global crude oil prices rising to $100 per barrel, and key earnings from companies like Intel, Blackstone, among others.
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The Dow Jones futures were trading 0.62% lower at 52,126 points ahead of the opening bell on July 23, as it indicates a nearly 100-point gap down opening on Thursday’s market, according to Investing.com data.

The S&P 500 index futures were down 0.59% to 7,495 points ahead of the opening bell on Thursday, indicating a flat or lower opening when compared to the previous market index closing figures.

The tech-heavy Nasdaq 100 futures were trading 0.85% lower at 28,935.25 points ahead of the tech company earnings on Thursday’s market, indicating a lower opening with a key focus of investors on quarterly earnings.

Key focus of investors will continue to remain on monitoring the crude oil prices in the global market amid the continuous attacks between the United States and Iran in West Asia. US investors will also track the weekly jobless claim report which is set to be released at 8:30 am (ET) in the United States.

Also Read: Infosys Q1 FY27 results: Net profit dips 9% QoQ; board appoints Ashiss Kumar Dash as new CEO Designate

Key things to watch before US market opens

US market recap

US equity market indices ended on a negative note after their trading session on Wednesday, July 22, as Wall Street investors exercised caution amid the higher crude oil prices and upcoming tech company results on Thursday.

MarketWatch data showed that the Dow Jones Industrial Average ended 0.01% lower at 52,218.58 points after Wednesday’s trading session, compared to 52,224.64 points at the previous market close.

The exchange data also showed that the S&P 500 index closed 0.14% lower at 7,498.96 points after the trading session on July 22, compared to 7,509.20 points at the previous Wall Street close.

While the Nasdaq 100 index ended 0.54% lower at 28,998.10 points after Wednesday’s trading round, in comparison with 29,155.18 points at the previous stock market close.

Also Read: Alphabet Inc's Q2 net income swells 298%; expects AI expenditure to increase up to $205 billion; shares end in red

US stocks to watch on July 23

Intel Corp.: Tech major, Intel Corp. shares were trading marginally or 1% higher during the pre-market session on Nasdaq ahead of the opening bell, as investors focus on the company earnings amid the healthy AI demand in the market.
Infosys ADR shares: Infosys ADR shares will remain in focus of investors on July 23, after the India-based tech company posted a 9% sequential drop in net profits, and a 12% YoY rise in profits to ₹7,769 crore as of the quarter ended June 30, 2026.

The IT company’s revenues surged 3.8% to ₹48,211 crore from ₹46,204 crore in the same period a year earlier.

TotalEnergies: TotalEnergies is a US-based energy company, the shares of which will be in focus on Thursday’s Wall Street session as the firm is set to announce Q2 earnings amid higher crude oil prices in the period under review.
Lockheed Martin: Lockheed Martin shares were up over 5% during the pre-market trading session on Thursday, July 23, as the defence company earnings were in key focus of investors on Wall Street.
Blackstone: Blackstone shares were trading in the positive territory ahead of the opening bell on Thursday, as investors awaited for the earnings report update of one of the largest asset management firms on Wall Street.
Other earnings stocks: Stocks like Honeywell International, Nokia Corp., Nasdaq Inc., Dow Inc., American Airlines, Harley Davidson Inc., Imax Corp., ACME United Corp., are among other companies that will announce their April to June quarter earnings on Thursday, July 23.
Other trending stocks today: Tesla, Apple, Amazon, Microsoft, Nvidia, SpaceX, are among other key and trending stocks which will remain in focus of the investors on Thursday's US market session.
Also Read: Crude oil prices jump over 13% so far this week; touches $100/bbl after 12th round of US attacks on Iran

Oil jumps touches $100/barrel

This week, crude oil prices have surged 13.6% to $99.95 per barrel (bbl) on Thursday, July 23, in comparison to the previous week's final market close level of around $88 per bbl, according to Investing.com data.

Global benchmark Brent crude oil prices surged more than 6% to their intraday high of $100 per bbl on Thursday’s market, compared to $94.07 at the previous commodity market close, according to the exchange data.

Investors were trading based on fears after US President Donald Trump threatened Iran about destruction of either a power plant or a bridge every time the West Asian country shoots a vessel at the Strait of Hormuz.

As oil prices still remain linked to the escalations in West Asia, investors will keep monitoring further escalation. After 12 consecutive rounds of US military attacks against Iran, the situation seems to be far away from a potential final peace agreement.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

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