Stock Market Update
13-Jul-26 14:55 ET
Stocks lower as oil continues to surge
Dow -141.16
at 52495.85,
Nasdaq -363.54
at 25939.07,
S&P -50.80
at 7524.59
[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-1.4%), and DJIA (-0.3%) continue to trade lower as the market enters the final hour of the session.
U.S. Central Command announced that forces will resume blockading maritime traffic entering and exiting Iranian ports on July 14 at 4 p.m. ET.
On a related note, crude oil futures settled today's session $6.73 higher (+9.4%) at $78.42 per barrel.
Meanwhile, on the data front, the Treasury Department reported a $120.3 billion deficit for June versus a surplus of $27.0 billion for the same period in June 2025. Receipts totaled $495.8 billion, while outlays reached $616.1 billion.
The key takeaway from the report is the recognition that tariff refunds are cutting into government receipts at the same time the amount spent on net interest is going up. The result is a 12-month budget deficit that exceeds the 12-month deficit registered in May.
