According to CNA (中央社), international oil prices climbed back above $100 a barrel on July 23, 2026, while the 10-year Treasury yield rose to a one-and-a-half-year high of 4.7%. The report attributed the moves to investor concern that escalating tension in the Middle East could disrupt tanker traffic through the Strait of Hormuz and the Red Sea, adding to what CNA described as an atmosphere of uncertainty in the market. SETN (三立新聞) carried an identical account, confirming both the $100-a-barrel threshold and the 4.7% yield level.
CNA reported that on July 23, the Dow Jones Industrial Average fell 0.97%, the S&P 500 fell 1.21%, and the Nasdaq fell 2.15%. LTN (自由時報) reported the same three figures, framing the declines as a reaction to Middle East tension and the jump in oil prices. The Nasdaq's 2.15% drop was more than double the Dow's 0.97% decline, pointing to a heavier hit on technology-weighted trading that day.
According to CNA, Alphabet, the parent of Google, fell 6.89% on July 23 even though the company's search, cloud and non-operating investment figures were described as strong; CNA said investors instead focused on a jump in the company's AI spending for the prior quarter. CNA also reported that Meta fell 3.36%, Amazon fell 4.57%, and Nvidia fell 1.56%, attributing the declines to investor worry over uncontrolled AI spending by large tech companies combined with the escalating Middle East conflict. Among the four names, Alphabet posted the steepest single-day decline at 6.89%, followed by Amazon at 4.57%, Meta at 3.36%, and Nvidia at 1.56%.
CNA reported that Tesla's prior-quarter earnings fell short of expectations, with revenue missing forecasts and cash flow turning negative; shares fell 14.52% following the release, and the company's market value dropped by about $200 billion in a single day. LTN's account, sourced from the same event, put the decline at "nearly 15%" with the same roughly $200 billion market-cap loss. SETN separately confirmed the "nearly 15%" share-price drop and the approximately $200 billion market-value loss, describing it within a broader picture of US stocks trading lower amid escalating Middle East conflict, renewed oil-price gains, and a slowdown in AI investment sentiment.
According to CNA, Intel reported prior-quarter revenue of $16.1 billion, above the $14.4 billion analysts had estimated, and adjusted earnings per share of 42 cents, more than double the 21-cent consensus. CNA reported that Intel's shares still closed down 2.33% during the regular session but jumped 11% in after-hours trading following the results. LTN confirmed the same closing decline of 2.33% and the same 11% after-hours gain, describing Intel's performance as better than expected.
| Metric | Value | Source |
|---|---|---|
| Oil price | Above $100/barrel | CNA, SETN |
| 10-year Treasury yield | 4.7% (1.5-year high) | CNA, SETN |
| Dow Jones | -0.97% | CNA, LTN |
| S&P 500 | -1.21% | CNA, LTN |
| Nasdaq | -2.15% | CNA, LTN |
| Alphabet | -6.89% | CNA |
| Meta | -3.36% | CNA |
| Amazon | -4.57% | CNA |
| Nvidia | -1.56% | CNA |
| Tesla share price | -14.52% (~-15%) | CNA, LTN, SETN |
| Tesla market cap loss | ~$200 billion | CNA, LTN, SETN |
| Intel revenue | $16.1B (vs. $14.4B est.) | CNA, LTN |
| Intel adjusted EPS | $0.42 (vs. $0.21 est.) | CNA, LTN |
| Intel regular-session close | -2.33% | CNA, LTN |
| Intel after-hours trading | +11% | CNA, LTN |
The same trading day produced two divergent outcomes among companies reporting earnings. Tesla's revenue miss and negative cash flow, as reported by CNA, LTN and SETN, drove a 14.52% share-price drop and roughly $200 billion in lost market value, aligning with the broader Nasdaq's steeper 2.15% decline compared with the Dow's 0.97%. Intel moved in the opposite direction: despite closing down 2.33% alongside the market-wide slide, its after-hours jump of 11% followed revenue and EPS figures that both beat estimates, according to CNA and LTN. Meanwhile, Alphabet's 6.89% drop, described by CNA as tied to investor concern over rising AI spending rather than weak underlying results, together with the declines in Meta, Amazon and Nvidia, suggests that AI-investment anxiety and the Middle East-driven jump in oil prices and Treasury yields were compounding pressures on tech shares that day, independent of each company's actual earnings performance.
According to TechNews and China Times reports, Meta is preparing a $12 billion bond sale through a BlackRock-backed SPV for a Texas data center, with investors demanding yields above 7%—about 0.4 percentage points higher than Meta's October 2025 Hyperion deal. MoneyDJ reports Alphabet's Q2 free cash flow turned negative for the first time as capex surged, underscoring investor unease over AI spending.
According to a CNA report (carried also by CTS), Taiwan's King Slide (川湖) says its Houston plant will start mass production in the third quarter, while Chenbro (勤誠) has already opened a US NCT site in March and signed a Dallas plant deal in May, as both AI supply-chain suppliers post sharp first-half revenue gains.
According to CNA (中央社) and Technews (科技新報), new U.S. Section 301 tariffs took effect July 24, setting Taiwan's rate at 10% versus 12.5% for China and Japan. Taiwan Institute of Economic Research (台經院) president Chang Chien-yi called the outcome favorable, while analyst Liu Pei-chen said impact on Taiwan's chip sector is limited, with advanced nodes largely shielded and mature nodes more exposed to a pending overcapacity probe.