Market Midday: Stocks Mixed, WBD-Sky Deal Delayed, Gas Tops $4 Again • 7/20/26

• Wall Street is mixed; Dow down 88 points, S&P 500 up 30, Nasdaq up 210 points.
• Chipmakers (Micron, Intel, AMD) are rising, but Apple shares are down almost 3% after hitting an all-time high last week.
• SpaceX hit an all-time low of $124 per share, while Google parent Alphabet is up over 2% on AI chip development news.
• The proposed Paramount/Skydance and Warner Bros. Discovery merger is delayed due to antitrust concerns, potentially incurring ticking fees for Paramount.
• Oil prices are volatile, with US crude around $82/barrel, as Houthi leaders declared a maritime embargo against Saudi Arabia, threatening a crucial oil route and contributing to $4 gas prices.

Wall Street shows mixed performance, with tech stocks like chipmakers and Google gaining, while Apple and SpaceX face declines. Geopolitical tensions in Yemen threaten oil supply, contributing to volatile crude prices and the return of $4 gas for American drivers. A significant media merger is delayed due to antitrust concerns.