Stock Market News for July 22, 2026

Big‑cap financials and market movers

IBM (IBM) released second‑quarter results, a read‑through for enterprise spending on cloud and AI services that investors will weigh against peers when assessing software and consulting margins.

AT&T (T) again drew attention with solid Q2 results, reinforcing the capital‑allocation story in telecom as investors watch cash flow and buyback capacity.

WEX Inc. (WEX) reported second‑quarter 2026 financial results, another payments‑sector data point that can influence trade finance and fleet‑management peers on fee trends and corporate card demand.

Software, AI platforms and customer momentum

ServiceNow (NOW) reported Q2 financial results and announced notable customer wins: Leidos is using the ServiceNow AI Platform for 50,000 employees, while government wins underscore durable demand for workflow automation and AI operations.

Progress Software (PRGS) agreed to acquire Domo’s AI and data platform business for about $400 million, a tuck‑in that tightens competition in cloud analytics and may accelerate cross‑sell into enterprise BI customers.

Semiconductors, AI infrastructure and compute supply

AMD (AMD) remains center stage after its deal to supply GPUs to Anthropic, and Cerebras Systems (CBRS) set a date for its Q2 results, events investors will watch for revenue recognition and enterprise AI traction.

Axe Compute (AGPU) reported over $1.3 billion in customer contracts, underscoring demand for large‑scale AI compute and the capital intensity of infrastructure rollouts (more).

Autos, EVs and industrial demand

Tesla (TSLA) released second‑quarter 2026 financial results, a must‑read for EV adoption trends, margin progression and energy‑business contributions that can swing automotive and battery supplier stocks.

United Rentals (URI) announced record Q2 results and raised full‑year guidance, a signal that construction and industrial activity remain resilient—important for equipment manufacturers and cyclical exposure.

Oceaneering (OII) reported Q2 results, with offshore and engineering backlog details that matter to investors watching energy‑services cash flow under a mixed oil‑price backdrop.

Energy, storage and infrastructure

Kinder Morgan (KMI) released second‑quarter financials, key for energy‑infrastructure investors focused on fee‑based cash generation and distribution sustainability.

Brookfield (BAM) agreed to acquire Aypa Power, a leading North American battery‑storage platform, a move that expands Brookfield’s scale in grid infrastructure and follows investor interest in long‑duration storage as utilities decarbonize.

ESS (GWH) and Juniper Energy’s sodium‑ion deal remains relevant as storage alternatives gain traction alongside pipelines and gas infrastructure (details).

Travel, leisure and hospitality

Las Vegas Sands (LVS) released Q2 results that investors will parse for visitation, convention bookings and Macau recovery signals—important for travel and leisure names.

Southwest Airlines (LUV) reported strong second‑quarter results, a reminder of how unit revenue and cost control can drive airline earnings power in a capacity‑constrained market.

Real estate, REITs and property plays

Prologis (PLD) reiterated a possible combination with SEGRO in a move that could reshuffle global logistics exposure and ETF weights (update).

AvalonBay (AVB) provided Q2 results, raised same‑store outlook and suspended EPS/FFO guidance because of a proposed merger—a change that could reshape multifamily supply dynamics and capital allocation in the sector.

M&A, acquisitions and strategic deals

Gentherm (THRM) agreed to acquire Innovative Medical Equipment, broadening its medical product portfolio and showcasing industrial roll‑ups moving beyond traditional automotive exposure.

Penske Automotive Group (PAG) confirmed receipt of an unsolicited, preliminary and non‑binding take‑private proposal, a development that can put valuation, buyout financing and strategic options under the microscope for auto‑retail peers.

Progress Software (PRGS) will acquire Domo’s assets (Domo sale), consolidating mid‑market analytics tooling.

Materials & mining

Sigma Lithium (SGML) is negotiating an agreement with Minas Gerais state to settle a notification from a regional environmental body while hitting its 2Q production target, a mix of regulatory and operational news that matters for spodumene supply and lithium project risk premiums.

Biotech, medtech and regulatory milestones

Revolution Medicines (RVMD) received FDA acceptance of the NDA for daraxonrasib in previously treated metastatic pancreatic cancer — a potential binary catalyst for the oncology‑focused biotech.

Dexcom (DXCM) was named the first participant in the FDA’s TEMPO digital health devices pilot program, a noteworthy regulatory spotlight on continuous‑monitoring tech that could shorten time‑to‑market for digital‑health innovations.

Selected industrial and equipment wins

Graco (GGG) reported record Q2 sales and operating earnings, a positive sign for industrial demand and aftermarket durability.

GE Aerospace (GE) and Magellan Aerospace signed a memorandum of understanding for F414 sustainment work, an industrial‑defense cooperation that supports aftermarket and MRO revenue visibility.

Real estate finance and mortgage REITs

ARMOUR Residential REIT (ARR) announced Q2 results and disclosed its June 30 financial position—important for investors tracking yield strategies and rate sensitivity.

Notable others to watch

• McEwen Mining (MUX) filed updated NI 43‑101 technical reports, relevant for reserve economics ahead of development decisions (read).
• Progress Software (PRGS) acquiring Domo’s assets continues to be a consolidation theme in mid‑market SaaS.
• Cerebras Systems (CBRS) setting its Q2 results date remains a calendar item for AI‑infrastructure watchers.