--- title: "Crude Oil Rises Sharply; T-Mobile Shares Fall Following Q2 Results" type: "News" locale: "en" url: "https://longbridge.com/en/news/293651339.md" description: "US stocks declined mid-week, with the Dow down 0.92% and NASDAQ falling 2.03%. T-Mobile shares dropped 5% after missing revenue estimates despite beating earnings. Conversely, NVE Corp surged 38%, Novocure rose 25%, and Cleveland-Cliffs gained 19% on strong results. Albertsons fell 21% and Leslie’s plummeted 45% amid bankruptcy rumors. Crude oil jumped 6.8% to $92.74, while European and Asian markets showed mixed performance." datetime: "2026-07-23T17:31:33.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293651339.md) - [en](https://longbridge.com/en/news/293651339.md) - [zh-HK](https://longbridge.com/zh-HK/news/293651339.md) --- # Crude Oil Rises Sharply; T-Mobile Shares Fall Following Q2 Results U.S. stocks traded lower midway through trading, with the S&P 500 falling over 1% on Thursday. The Dow traded down 0.92% to 51,738.04 while the NASDAQ declined 2.03% to 25,169.19. The S&P 500 also fell, dropping, 1.16% to 7,412.12. **Leading and Lagging Sectors** Industrials shares jumped by 2% on Thursday. In trading on Thursday, communication services stocks fell by 5.2%. **Top Headline** **T-Mobile US Inc**. (NASDAQ:TMUS) stock fell around 5% on Thursday after the wireless carrier reported second-quarter results that beat earnings expectations but missed on revenue. T-Mobile reported adjusted earnings of $2.99 per share, topping the analyst consensus estimate of $2.58, according to Benzinga Pro. Revenue increased to $22.79 billion from $21.13 billion a year earlier but missed the Street estimate of $22.94 billion. **Equities Trading UP**            - **NVE Corp (NASDAQ:NVEC)** shares shot up 38% to $119.50 after the company reported a year-over-year increase in first-quarter financial results. - Shares of **Novocure Ltd** (NASDAQ:NVCR) got a boost, surging 25% to $19.47 after the company reported better-than-expected second-quarter financial results and raised its FY26 sales guidance above estimates. - **Cleveland-Cliffs Inc (**NYSE:CLF) shares were also up, gaining 19% to $11.20 after the company reported better-than-expected quarterly sales results. **Equities Trading DOWN** - **Albertsons Companies Inc (**NYSE:ACI) shares dropped 21% to $11.53 after the company reported worse-than-expected first-quarter adjusted EPS results and cut its FY26 adjusted EPS guidance below estimates. - Shares of **Leslie’s Inc (**NASDAQ:LESL) were down 45% to $1.33 following reports suggesting the company is considering Chapter 11 Bankruptcy. - **STMicroelectronics NV** (NYSE:STM) was down, falling 15% to $55.95 following second-quarter results. **Commodities** In commodity news, oil traded up 6.8% to $92.74 while gold traded down 2.6% at $4,044.80. Silver traded down 4% to $57.915 on Thursday, while copper fell 1.8% to $6.3740. **Euro zone** European shares were lower today. The eurozone’s STOXX 600 fell 1%, while Spain’s IBEX 35 Index dipped 1.3% London’s FTSE 100 fell 0.6%, Germany’s DAX declined 1.2%, while France’s CAC 40 tumbled 1.6%. **Asia Pacific Markets** Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 gaining 0.46%, Hong Kong’s Hang Seng index surging 1.28%, China’s Shanghai Composite rising 0.25% and India’s BSE Sensex falling 0.47%. **Economics** - U.S. initial jobless claims US fell by 22,000 to 187,000 in the week ending July 18, compared to market estimates of 212,000. - The Chicago Fed National Activity Index climbed to -0.02 in June from -0.19 in the previous month. _Photo via Shutterstock_ ### Related Stocks - [CLF.US](https://longbridge.com/en/quote/CLF.US.md) - [ACI.US](https://longbridge.com/en/quote/ACI.US.md) - [NVEC.US](https://longbridge.com/en/quote/NVEC.US.md) - [TMUS.US](https://longbridge.com/en/quote/TMUS.US.md) - [NVCR.US](https://longbridge.com/en/quote/NVCR.US.md) - [DTEGY.US](https://longbridge.com/en/quote/DTEGY.US.md) - [LESL.US](https://longbridge.com/en/quote/LESL.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [DTE.DE](https://longbridge.com/en/quote/DTE.DE.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [USOI.US](https://longbridge.com/en/quote/USOI.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [GUSH.US](https://longbridge.com/en/quote/GUSH.US.md) - [DRIP.US](https://longbridge.com/en/quote/DRIP.US.md) - [STM.US](https://longbridge.com/en/quote/STM.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [TMUSL.US](https://longbridge.com/en/quote/TMUSL.US.md) - [TMUSZ.US](https://longbridge.com/en/quote/TMUSZ.US.md) - [TMUSI.US](https://longbridge.com/en/quote/TMUSI.US.md) - [STMEF.US](https://longbridge.com/en/quote/STMEF.US.md) ## Related News & Research - [US Cash Crude-Grades mixed as Iran stops tanker passages in Hormuz, US adds more rigs](https://longbridge.com/en/news/294553330.md) - [VEGOILS-Palm falls on weak rival oils, crude](https://longbridge.com/en/news/293999717.md) - [T-Mobile US, Inc. $TMUS Shares Sold by NewEdge Wealth LLC](https://longbridge.com/en/news/294034578.md) - [T-Mobile US, Inc. $TMUS Shares Acquired by Waverly Advisors LLC](https://longbridge.com/en/news/293910134.md) - [Albertsons EVP Thomas Moriarty acquires 170,500 shares for $1.96 million](https://longbridge.com/en/news/294124641.md)