| 📊 Alain’s Holdings — July 21, 2026 | ||||
|---|---|---|---|---|
| Symbol | Name | Price | Change | Change % |
| VOO | Vanguard S&P 500 ETF | 687.81 | +4.64 | +0.68% |
| QQQ | Invesco QQQ Trust | 708.97 | +3.03 | +0.43% |
| XIU.TO | iShares S&P/TSX 60 ETF | 52.75 | -0.08 | -0.15% |
Wall Street rebounded Tuesday as investors returned to technology stocks ahead of one of the most anticipated earnings weeks of the year. Strong buying in semiconductor companies helped lift all three major indexes despite renewed trade tensions with Canada and continued conflict in the Middle East.
The Nasdaq Composite surged 1.3%, the S&P 500 gained 0.9%, and the Dow Jones Industrial Average advanced 0.7%.
The market’s attention is now squarely focused on one question:
Can Big Tech justify the enormous investment being made in artificial intelligence?
That question begins to receive answers this week as Alphabet, Tesla, Intel, and IBM report quarterly results.
Chip Stocks Lead the Recovery
Semiconductor stocks staged a strong rebound after last week’s selloff.
Nvidia rose nearly 2% after announcing a strategic investment in AI cloud provider Nebius, reinforcing confidence that demand for AI computing infrastructure continues to expand.
The rally also reflected optimism that investors may have become too pessimistic after the Philadelphia Semiconductor Index entered bear-market territory last week.
Markets appear willing to give AI another chance—but this week’s earnings will determine whether that optimism is justified.
New Tariffs on Canada
Trade policy also returned to the spotlight.
The White House announced new 50% tariffs on a variety of Canadian products, including beer, dairy products, chemicals, and sporting goods, raising concerns about a renewed trade dispute between the United States and Canada.
Notably, Canadian crude oil was exempted, helping prevent additional pressure on energy markets.
For investors, the announcement serves as another reminder that geopolitics and trade policy remain important risks, even during strong earnings seasons.
Oil Stabilizes
Oil prices remained elevated after briefly climbing above $91 per barrel following renewed fighting between the United States and Iran over the weekend.
However, prices eased modestly during Tuesday’s session as traders concluded that global energy supplies remain sufficient for now.
The ability of markets to absorb both geopolitical tensions and new tariff announcements while still moving higher suggests investors remain primarily focused on corporate earnings.
The Week Ahead
This week could determine the next phase of the market.
Alphabet’s earnings will provide one of the clearest indications yet of whether massive AI spending is translating into stronger profits.
Investors are no longer satisfied with ambitious announcements.
They want measurable returns.
Revenue.
Margins.
Cash flow.
That’s ultimately what separates exciting technologies from successful investments.
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