S&P 500 Gains 0.9% as Oil Hits $91.99; Earnings Buoy Market Amid Iran Strikes
Equities rallied on July 21, 2026, with the S&P 500 up 0.9% despite Brent crude spiking to $91.99/barrel after Iran intensified attacks in the Gulf. Strong earnings from General Motors and a tech rebound overshadowed geopolitical risks, with analysts flagging an unusual decoupling that could reshape sector bets.