Traders work at the New York Stock Exchange on May 13, 2026.
NYSE
S&P 500 futures were little changed on Thursday night, following a tough session in which a sharp spike in oil prices and lackluster earnings from two megacap companies pressured the broader equity market.
S&P 500 futures were marginally higher. Nasdaq-100 futures advanced 0.3%. Dow Jones Industrial Average futures traded 20 points lower.
In regular trading, the Dow dropped more than 500 points, or around 1%, for its fifth negative day in six. The S&P 500 and Nasdaq had their worst one-day performances since June 23, dropping 1.2% and 2.2%, respectively.
Brent crude futures topped $100 per barrel for the first time since late May, soaring about 7% on Thursday. West Texas Intermediate futures advanced roughly 6% on the day, after two Saudi oil tankers were reportedly struck in the Red Sea.
“While current positioning does not guarantee that oil will continue rising, it does mean that the market entered the latest escalation poorly positioned for an upside surprise,” Adam Turnquist, chief technical strategist at LPL Financial. “And when sentiment and positioning are extremely bearish, even a modest deterioration in supply expectations can produce an outsized price response.”
Quarterly results from Tesla and Alphabet also weighed on the broader market. Tesla tumbled nearly 15% — its worst day since March 10, 2025 — after posting an earnings miss for the second quarter. Alphabet hiked its full-year guidance for capital expenditures, leading the tech giant to a 7% loss. That’s its biggest daily decline since May 7, 2025.
Thursday’s moves put the major averages on pace for weekly declines. The Dow and S&P 500 have shed 0.8% and 0.7%, respectively. The Nasdaq has underperformed, losing 1.5%.
U.S. to impose ‘sweeping’ new tariffs on 60 countries
The Trump administration will impose new tariffs just after midnight ET on 60 countries over alleged forced-labor violations, senior administration officials said Thursday.
The duties, set between 10% and 12.5%, will effectively replace President Donald Trump‘s temporary 10% global tariffs, which are set to expire at the same time as the new ones take effect.
The forthcoming tariffs will apply to 60 trade partners and will cover over 99% of U.S. trade. The Office of the U.S. Trade Representative told CNBC it could not provide an estimate of how much revenue the new tariffs will generate.
— Kevin Breuninger, Ashlee Trujillo
Intel, Boston Beer among stocks making moves after the bell
- Intel — The chipmaker rallied 9% after it reported its sharpest quarterly revenue growth in nearly 15 years. The company’s top line clocked in at $16.1 billion for Q2, 25% above the year-earlier period. Adjusted earnings per share of 42 cents per share also beat analyst expectations.
- Boston Beer – The maker of Twisted Tea added 2%. Second quarter revenue of $568.3 million narrowly beat the FactSet consensus call of $566.7 million. Boston Beer also reaffirmed its full-year earnings guidance of $8.50 to $10.50 per share, versus the consensus estimate of $9.38.
— Fred Imbert, Darla Mercado
