S&P 500 opens 0.4% lower as Alphabet Q2 earnings loom. Brent crude tops $95 a barrel. Bitcoin and ether hold steady, shrugging off the cross-asset jitters.
US equities edged lower at Monday's open as traders positioned for Alphabet's second-quarter 2026 earnings, due after the close. The S&P 500 fell 0.4% in early trade. The Nasdaq Composite dropped 0.6%. Alphabet shares barely budged as the market waited for cloud revenue and AI spending figures.
Brent crude pushed above $95 a barrel for the first time since April. The rally drew on OPEC+ supply cuts and stronger-than-expected summer demand. Energy stocks rose. The broader market could not hold those gains, with the oil move feeding inflation anxiety.
Crypto markets were quiet. Bitcoin traded near $68,500, down less than 1% over 24 hours. Ether held around $3,450. Equities reacted to the oil spike and earnings positioning. Digital assets took no directional cue from either catalyst. Traders said the flat session signaled crypto was treating Monday as a pause, not a risk-off shift.
Alphabet's print will set the tone for the week. The company carries a $2.3 trillion market cap. Options pricing implies a move of roughly 4% in either direction. Higher oil complicates the outlook for rate-sensitive sectors. For now, crypto is sitting this one out.
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