Stocks drifted to a mixed close on Wall Street on July 27, 2026, as oil prices fell and the Australian Securities Exchange (ASX) is set to slide on July 28, 2026. The Dow Jones Industrial Average fell 0.1%, the S&P 500 was flat, and the Nasdaq Composite rose 0.2%, according to market data.
Oil prices declined, with West Texas Intermediate crude falling 1.5% to $74.32 per barrel, amid concerns about global demand and a stronger U.S. dollar. The drop in oil prices weighed on energy stocks, which were among the worst performers in the S&P 500.
The ASX is expected to open lower on July 28, 2026, following the mixed session on Wall Street and the decline in oil prices. Futures for the ASX 200 index pointed to a drop of about 0.3% at the open.
Investors are also monitoring the Federal Reserve's upcoming policy meeting, with expectations of a potential interest rate hike. The Fed is scheduled to meet next week, and market participants are pricing in a 75-basis-point rate increase.
