Dow Jones Top Markets Headlines at 11 PM ET: Oil Prices Roar Back, Threatening Economy and GOP's Midterm Hopes | Trump ...

Oil Prices Roar Back, Threatening Economy and GOP's Midterm Hopes

As the global benchmark topped $100, stocks slumped and Treasury yields hit their highest levels of President Trump's second term.

----

Trump Unveils New Tariffs Designed to Withstand Legal Scrutiny

The new duties, ranging from 10% to 12.5%, will replace a temporary tariff put in place after the Supreme Court derailed Trump's trade agenda in February.

----

Japan Consumer Inflation Picks Up, Keeping Rate Increases on Track

Consumer prices are likely to continue facing mixed cues, including the Middle East conflict and a weak yen.

----

Investors Zero In on Runaway Tech Spending, Putting Dent in AI Trade

Concerns about artificial-intelligence spending shaved roughly $890 billion in market value from the Magnificent Seven on Thursday.

----

Trump Is Losing Patience Over an Iran War With No Clear End in Sight

The president has grown skeptical of diplomacy and is in "revenge mode" against Tehran, according to a senior administration official.

----

Big Banks Are Wading Back Into Commercial Real-Estate Lending

Lenders had shunned the category just a few years ago, with investors and analysts warning of a wave of defaults.

----

U.K. Consumer Confidence Jumps Amid 'Burnham Bounce'

The rise in sentiment was driven largely by perceptions of the economy, with a jump in how consumers view the past year as well as the next 12 months.

----

Mortgage Rates Hit Highest Levels in Nearly a Year

Rising oil prices helped push the 30-year fixed rate to 6.58%.

----

Canada Retail Sales Rise for Fifth Straight Month in May

The value of retail sales increased 1.0% in May to a seasonally adjusted 73.71 billion Canadian dollars, or the equivalent of $52.32 billion, Statistics Canada said.

----

U.S. Jobless Claims Unexpectedly Drop Again for the Week

The number of people who filed for unemployment benefits was 187,000 in the week through July 18, 22,000 fewer than the upwardly revised 209,000 reported a week earlier, the Labor Department said.

----

Justice Department to Speed Up Merger Reviews by Asking Less of Companies

Antitrust enforcers will identify some deals for narrower investigations that could close sooner.

----

Reigniting Inflation Heaps Pressure on European Central Bank

The central bank held rates steady, but could resume hiking as surging oil prices threaten to drive inflation and bond yields higher.

----

The Fed Is Heading Into One of Its Most Unpredictable Meetings in Years

A cooler inflation report is easing pressure for a rate hike next week, but Middle East conflict has rekindled jitters. A new chairman won't tip his hand.

----

Turkey Holds Rates as Energy Prices Cloud Inflation Outlook

The country's central bank kept its key interest rate unchanged as the recent resumption of Middle East hostilities upended hopes energy prices would stabilize in the second half of 2026.

(END) Dow Jones Newswires

July 23, 2026 23:00 ET (03:00 GMT)