Asian Stocks Set to Fall as Oil Surges Past $100: Markets…

US stocks are rebounding slightly after a significant drop, aided by a decrease in Brent crude prices below $100 a barrel and stabilization in bond yields. S&P 500 futures increased by 0.2%. Despite this, the index is poised for its first consecutive weekly loss since early in the Middle East conflict. Technology stocks faced challenges, particularly affecting South Korea's major memory producers, while Treasury yields remain just under the year's peak, with Brent crude prices falling over 3% towards $97.

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A screen displays the Nikkei 225 Stock Average outside a securities firm in Tokyo.

A screen displays the Nikkei 225 Stock Average outside a securities firm in Tokyo. Photographer: Kiyoshi Ota/Bloomberg

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By Andre Janse Van Vuuren and Sagarika Jaisinghani

July 23, 2026 at 6:06 PM EDT

Updated on July 24, 2026 at 5:07 AM EDT

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US stocks are finding some respite after posting their biggest drop this month as Brent crude eased below $100 a barrel and bond yields halted their ascent.

S&P 500 futures rose 0.2%, with the index still on track for its first back-to-back weekly loss since the early stages of the war in the Middle East. Technology stocks remained under pressure as South Korea’s memory giants were pummeled. Treasury yields hovered just below their highest levels this year, while Brent fell more than 3% toward $97 a barrel.

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Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap