Dow futures rally 500 points as oil prices fall after U.S. and Iran pause attacks: Live updates - CNBC

The Dow Jones Industrial Average closed up 262.83 points, or 0.51%, at 52,210.08 on Monday, July 27, 2026, while the S&P 500 edged up 0.02% to 7,413.18 and the Nasdaq Composite slipped 0.18% to 24,932.08.
Oil prices tumbled after the U.S. and Iran paused their attacks, with Brent crude for September delivery falling 8.7% to $88.36 a barrel and West Texas Intermediate dropping 7.5% to $82.61.
Semiconductor stocks declined broadly, with the VanEck Semiconductor ETF (SMH) losing more than 2%; AMD and Teradyne fell 5% and 4% respectively, and Micron shed about 2%, though shares recovered from session lows.
Chipmakers rallied earlier following Chinese chipmaker CXMT's IPO on the Shanghai Stock Exchange, but sentiment soured amid uncertainty over Chinese competition and a report from The Information that China had begun developing deep ultraviolet lithography machines.
U.S.-listed shares of ASML, the dominant lithography player, fell nearly 6% on the report, while investors weighed signs that the artificial intelligence trade may be cooling, with communication services and consumer staples the day's top-performing sectors.
Globalt Investments' Thomas Martin cited "tremendous uncertainty in technology land," noting investors are repositioning ahead of a heavy week of earnings from Amazon, Apple, Meta and Microsoft that follows Alphabet's disappointing results and could sway views on AI spending.