BRISTOL, England (AP) — India lurched deeper into a crisis in cricket's Twenty20 format after slumping to a second straight series loss, with England taking an insurmountable 3-0 lead on the back of destructive half-centuries by Phil Salt and Harry Brook.
England won the 4th T20 of the five-match series by nine wickets and with 6.1 overs to spare on Thursday, sealing a first ever bilateral T20 series victory over India.
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India's Vaibhav Sooryavanshi leaves the field after being caught out by England's Sam Curran from the bowling of Jofra Archer during the fourth Vitality IT20 match against England at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
England and India flags on display ahead of the fourth Vitality IT20 match at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
India's Shreyas Iyer bats during the fourth Vitality IT20 match against England at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
England's Harry Brook celebrates reaching 50 runs during the fourth Vitality IT20 match against India at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
On the back of India’s stunning 2-0 series defeat in Ireland, it’s now five straight losses in completed T20 matches — another unwanted first for T20 world champion India. One of the matches against England was a washout.
India captain Shreyas Iyer won the toss at the County Ground in Bristol, chose to bat and led his team to 158-7 in 20 overs, after rallying from 48-3 with teenage sensation Vaibhav Sooryavanshi out for 15 in another disappointing outing. Iyer’s 49-ball innings included four fours and five sixes. England pacers Jofra Archer and Josh Tongue shared four wickets.
Brook, the England captain, smashed 79 not out off only 35 balls, with eight fours and four sixes. Opener Salt hit a 42-ball 59 not out. The pair came together at 13-1 after Jos Buttler was caught behind in the third over.
England had inflicted India’s biggest ever T20 loss by 125 runs in the third T20, with India dismissed for 76.
England won the second Twenty20 by four wickets when Sooryavanshi became the youngest man to play for India at 15 years and 99 days. He scored a 10-ball 14 on debut, followed by an innings of 13 in the third T20.
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India's Vaibhav Sooryavanshi leaves the field after being caught out by England's Sam Curran from the bowling of Jofra Archer during the fourth Vitality IT20 match against England at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
England and India flags on display ahead of the fourth Vitality IT20 match at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
India's Shreyas Iyer bats during the fourth Vitality IT20 match against England at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
England's Harry Brook celebrates reaching 50 runs during the fourth Vitality IT20 match against India at the Seat Unique Stadium in Bristol, England, on Thursday July 9, 2026. (Steven Paston/PA via AP)
NEW YORK (AP) — Stocks rose, and oil prices eased Thursday as financial markets calmed in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran.
The S&P 500 climbed 0.8% and more than recovered its loss from the day before, even though the United States launched new airstrikes against Iran, which responded by targeting U.S. allies in the Middle East. The Dow Jones Industrial Average added 139 points, or 0.3%, and the Nasdaq composite rallied 1.3%.
In the oil market, prices gave back much of their jumps from the day before. The price for a barrel of Brent crude, the international standard, fell 2.2% to $76.30. That’s down from $78.02 the day before though still above its $71.80 price from the end of last week.
The worry is that a return to full-blown war will block oil tankers from the Strait of Hormuz and prevent the delivery of crude from the Persian Gulf to customers worldwide. That could worsen inflation, which economists expected would ease with oil prices, and in turn force the Federal Reserve and other central banks to raise interest rates.
Higher rates can keep a lid on inflation, but they also slow the economy and hurt prices for all kinds of investments.
But Trump also said Wednesday that the latest back-and-forth fighting would not result in “long-term” military action, raising uncertainty about just what will happen.
The swings for oil prices halted what had been a steady decline in gasoline prices, and the cost for a gallon climbed a nickel overnight, according to motor club AAA. The average price for a gallon of regular gasoline was $3.85 Thursday, up 68 cents from a year earlier.
In the meantime, renewed strength for makers of computer chips and other winners of the boom around artificial-intelligence technology helped to support stock markets worldwide.
In South Korea, whose stock market is dominated by two companies that make semiconductors, the Kospi index rose 0.6% after tumbling 5.3% the day before. SK Hynix, which is preparing to sell shares of its stock that will trade in the United States, jumped 5.3% in Seoul.
On Wall Street, Micron Technology’s climb of 4.5% was one of the strongest forces lifting the S&P 500. Micron cited “surging demand for memory in the AI era” as it gave a progress update on construction in central New York of what it says is the largest semiconductor manufacturing site in U.S. history.
Such stocks have become some of Wall Street’s most influential after growing so big in the euphoria around AI. But AI stocks have also come under pressure recently because of worries their prices shot too high and that AI may not create enough productivity and profits to make all the investments in chips and data centers worth it.
All told, the S&P 500 rose 60.93 points to 7,543.64. The Dow Jones Industrial Average climbed 139.02 to 52,487.41, and the Nasdaq composite rose 336.24 to 26,206.89.
Stocks broadly got some help from falling yields in the bond market. The yield on the 10-year Treasury fell to 4.54% from 4.56% late Wednesday.
It had been climbing on worries about high oil prices and the potential for higher interest rates, which cranked up the pressure on stocks and prices for other investments.
Besides the war with Iran, another big event for Wall Street is the upcoming start of earnings reporting season for companies. Next week, the biggest banks are set to unveil how much profit they made from April through June. Companies across industries will need to report strong growth to justify the big moves their stock prices have made.
PepsiCo fell 3.3% even though it reported slightly better revenue for the latest quarter than analysts expected. Numbers released by the company behind Gatorade and Doritos showed weakening trends in its North American food and drinks businesses.
In stock markets abroad, indexes rose across much of Europe and Asia.
Besides Seoul’s climb, stock indexes rose 1.7% in Shanghai and 0.9% in Paris.
On the losing end was Hong Kong’s Hang Seng, which slipped 0.7% as shares of Apple supplier Luxshare fell 1.5% in its trading debut.
AP Business Writers Chan Ho-him and Matt Ott contributed to this report.
Traders work on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Patrick McKeon works on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Michael Pistillo, left, and Federico DeMarco work on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026. (AP Photo/Seth Wenig)
Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2026. (AP Photo/Ahn Young-joon)
A currency trader passes by a screen showing international oil prices at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2026. (AP Photo/Ahn Young-joon)
A currency trader watches monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), SK Hynix and Samsung Electronics Co. stock price at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2026. (AP Photo/Ahn Young-joon)
Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Thursday, July 9, 2026. (AP Photo/Ahn Young-joon)
