Here is a look at the New York stock market.
All three major U.S. stock indices closed lower.
The Nasdaq fell by more than 0.5%, while the S&P 500 and the Dow Jones Industrial Average finished near flat.
By sector, communication services dropped 1%, while utilities and materials both rallied by around 2%, showing relative strength.
The biggest downward pressures on the market today were rising oil prices and Treasury yields.
As U.S. airstrikes against Iran entered their 11th day, U.S. Secretary of State Marco Rubio strongly criticized Iran's negotiating stance, escalating geopolitical tensions.
Consequently, Brent crude surpassed $94 a barrel, and West Texas Intermediate surged to the $86 mark.
Concerns that rising oil prices would reignite inflation drove U.S. Treasury yields higher across the board.
After the regular trading session closed, Alphabet and Tesla released their second-quarter earnings reports.
Alphabet's cloud division revenue skyrocketed 82% year-over-year, significantly beating market expectations; however, massive AI infrastructure investments pushed free cash flow into a deficit, deepening its losses in after-hours trading.
Tesla's earnings per share fell short of market expectations due to the impact of declining electric vehicle average selling prices.
Among individual stocks, Nvidia rose over 2% on news of mass production for its next-generation AI chip, Vera Rubin, while Super Micro Computer skyrocketed nearly 20% following the announcement of a large-scale new order.
The market is currently digesting Alphabet's detailed guidance and statements from Tesla's conference call as it searches for its next direction.
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