U.S. stocks close lower as Alphabet reports $45.1B Q2 capex and oil climbs to $86.66
AI Market Summary
Escalating Middle East risk and explicit U.S. retaliation threats around the Strait of Hormuz lifted WTI (+2.8% to $86.66) and pushed yields to new highs, tightening financial conditions and weighing on equities (Nasdaq -0.6%). The oil shock is supporting energy shares while pressuring rate-sensitive growth/tech. Alphabet's Q2 capex aligned with its full-year AI infrastructure guide, keeping focus on hyperscaler spending amid higher rates.
Impact level
● High
Affected assets
NCCO1OILWTI2USD/USDT+4.20%
AI Insight · NCCO1OILWTI2USD/USDTAI Insight
▼ Bearish
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Alphabet (Google) reported after the close that second-quarter capital expenditures totaled $45.1 billion, in line with its full-year $180 billion to $190 billion AI infrastructure guidance. WTI crude rose 2.8% to $86.66 a barrel after President Donald Trump threatened retaliation for attacks by Iran in the Strait of Hormuz. Technology shares broadly weakened, leaving the Nasdaq down 0.6%, the S&P 500 off 0.1% and the Dow slightly lower. Constellation Energy is scheduled to report second-quarter earnings on Thursday, August 6.
