India, July 23 -- The S&P 500 extended its losses on Thursday, July 23, 2026, as weak earnings from major technology companies and a sharp rise in global crude oil prices pressured Wall Street. The benchmark index slipped below the 7,500 level, reflecting growing investor caution ahead of more corporate earnings releases and key economic data.

US Market Snapshot

What Is Happening in the S&P 500 US Stock Market Today?

The S&P 500 declined around 0.9% in early trading, falling to approximately 7,421.82, as investors reacted to disappointing earnings from several Big Tech companies. Higher-than-expected oil prices also added to inflation concerns, prompting traders to reduce exposure to growth stocks.

Technology shares led the decline, w...