--- title: "Stock Market Today: SPY, QQQ Stumble as Oil Extends Rally on Escalating U.S.-Iran Tensions" type: "News" locale: "en" url: "https://longbridge.com/en/news/293519280.md" description: "SPY and QQQ fell as U.S.-Iran tensions drove oil prices up 26% since July 7, with Trump threatening strikes on Iranian infrastructure. Meanwhile, AMD rose on a multibillion-dollar chip deal with Anthropic, Micron's market cap exceeded $1 trillion amid AI stock recovery, and Bank of America raised its AWS revenue estimate for Amazon ahead of earnings." datetime: "2026-07-22T20:24:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293519280.md) - [en](https://longbridge.com/en/news/293519280.md) - [zh-HK](https://longbridge.com/zh-HK/news/293519280.md) --- # Stock Market Today: SPY, QQQ Stumble as Oil Extends Rally on Escalating U.S.-Iran Tensions Both the S&P 500 ETF (SPY) and the Nasdaq 100 ETF (QQQ) closed lower on Wednesday as oil prices rose alongside elevated U.S.-Iran tensions. ### Claim 55% Off TipRanks - Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions - Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks ## **News That Moved the Stock Market Today** - President Trump said the U.S. would strike an Iranian bridge or power plant each time Tehran targets a vessel in the Strait of Hormuz. In a Truth Social post, he added that the targets could include infrastructure "located next to, or in, the capital city of Tehran." - Iran responded by saying it would target U.S. infrastructure in the Middle East if Trump followed through with the threat. - Traffic through the Strait of Hormuz has slipped since the two countries resumed hostilities on July 7. That's led to a spike in Brent crude oil (BZ) prices, which are up by 26% since then. 15 vessels transited the waterway on July 19, followed by 13 on July 20 and nine on July 21, according to data from MarineTraffic. - AMD (AMD) closed higher after announcing a multibillion-dollar deal with Anthropic. Anthropic will purchase up to 2 gigawatts of AMD's Instinct MI450 chips, while AMD will invest up to $5 billion in Anthropic. - Micron's (MU) market capitalization jumped back above $1 trillion as AI-related stocks continued to recover from last week's selloff. - Bank of America Securities analyst Justin Post reiterated his Amazon (AMZN) price target of $310. Post also raised his Amazon Web Services (AWS) second-quarter revenue growth estimate to 33%. Amazon is set to report its earnings on July 30. - Intel (INTC), Lockheed Martin (LMT), and American Airlines (AAL) are set to report their earnings on Thursday. ### Related Stocks - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [AMUU.US](https://longbridge.com/en/quote/AMUU.US.md) - [AMDL.US](https://longbridge.com/en/quote/AMDL.US.md) - [AMDD.US](https://longbridge.com/en/quote/AMDD.US.md) - [AMDG.US](https://longbridge.com/en/quote/AMDG.US.md) - [DAMD.US](https://longbridge.com/en/quote/DAMD.US.md) - [AMDY.US](https://longbridge.com/en/quote/AMDY.US.md) - [AMDW.US](https://longbridge.com/en/quote/AMDW.US.md) - [MUD.US](https://longbridge.com/en/quote/MUD.US.md) - [MULL.US](https://longbridge.com/en/quote/MULL.US.md) - [MUU.US](https://longbridge.com/en/quote/MUU.US.md) - [MUYY.US](https://longbridge.com/en/quote/MUYY.US.md) - [MUZ.US](https://longbridge.com/en/quote/MUZ.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [ANTH.NA](https://longbridge.com/en/quote/ANTH.NA.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [LMT.US](https://longbridge.com/en/quote/LMT.US.md) - [AAL.US](https://longbridge.com/en/quote/AAL.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [AMD Stock Alert: What to Know as Microsoft Joins AMD's Growing Helios Customer List](https://longbridge.com/en/news/293256080.md) - [AMD takes a shot at Nvidia by betting on AI's next big shift](https://longbridge.com/en/news/293651597.md) - [Oil slightly trims gains but tensions remain high](https://longbridge.com/en/news/293491461.md) - [Planning Alternatives Ltd. 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