Nasdaq Down Over 100 Points; AT&T Shares Gain After Upbeat Earnings

by | Jul 22, 2026 | General

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling more than 100 points on Wednesday.

Following the market opening Wednesday, the Dow traded up 0.02% to 52,237.67 while the NASDAQ declined 0.52% to 25,703.94. The S&P 500 also fell, dropping, 0.20% to 7,493.98.

Leading and Lagging Sectors

Energy shares jumped by 1.1% on Wednesday.

In trading on Wednesday, information technology stocks fell by 0.7%.

Top Headline

AT&T Inc. (NYSE:T) stock gained more than 4% on Wednesday after the telecom giant reported second-quarter fiscal 2026 earnings that topped Wall Street expectations.

The company, which is navigating an increasingly competitive U.S. wireless market, reported revenue of $31.56 billion, up 2.3% from a year earlier but below the analyst consensus estimate of $31.80 billion. Adjusted earnings were 65 cents per share, beating analysts’ expectations of 59 cents.

Equities Trading UP
           

  • Lakewood-amedex Biotherapeutics Inc (NASDAQ:LABT) shares shot up 211% to $5.78 after the company announced resistance data for Nu-3.
  • Shares of Zhongchao Inc (NASDAQ:ZCMD) got a boost, surging 96% to $2.88.
  • INLIF Ltd (NASDAQ:INLF) shares were also up, gaining 48% to $3.30.

Equities Trading DOWN

  • Wetour Robotics Ltd (NASDAQ:WETO) shares dropped 84% to $0.13 after the company announced its subsidiary, Wetour Travel Tech, entered into a definitive 24-month multi-site commercial agreement with an international trade and logistics company.
  • Shares of China Pharma Holdings Inc (NYSE:CPHI) were down 69% to $2.54 after the company announced the pricing of $5 million registered direct offering.
  • Ohmyhome Ltd (NASDAQ:OMH) was down, falling 56% to $0.36.

Commodities

In commodity news, oil traded up 2.3% to $86.27 while gold traded up 1.6% at $4,142.50.

Silver traded up 1.5% to $59.99 on Wednesday, while copper fell 0.6% to $6.5115.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 0.8%, while Spain’s IBEX 35 Index rose 1.3% London’s FTSE 100 rose 1.5%, Germany’s DAX gained 0.6%, while France’s CAC 40 surged 1.1%.

Asia Pacific Markets

Asian markets closed mostly lower on Wednesday, with Japan’s Nikkei 225 falling 0.18%, Hong Kong’s Hang Seng index falling 0.95%, China’s Shanghai Composite rising 0.07% and India’s BSE Sensex falling 0.92%.

Economics

The volume of mortgage applications surged by 1.9% in the week ending July 17.

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