On August 6, 2026, the stock market showed mixed results with Nasdaq futures down 0.1%, while Dow and S&P 500 futures rose slightly. Investors are assessing multiple earnings reports and geopolitical developments, particularly a potential shipping agreement through the Strait of Hormuz. Notably, the Dow continues its record-breaking streak. Concerns about high valuations in tech stocks, especially in AI, have affected companies like AMD and Sandisk. Meanwhile, SpaceX stocks are near lows, and the market anticipates upcoming economic data on layoffs and jobless claims.

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LIVE Updated Today at 10:28 AM UTC

Stock market today: Nasdaq futures slip, Dow and S&P 500 futures inch up as earnings roll on

Grace O'Donnell· Editor, Special Projects

Updated Thu, August 6, 2026 at 6:28 AM EDT1 min read

US stock futures barely budged on Thursday morning as investors absorbed a wall of earnings reports, prospects of an imminent Strait of Hormuz deal, and fresh labor market data, with the Dow ( ^DJI) trading at a record high.

Futures on the Dow Jones Industrial Average ( YM=F) rose 0.2% after the blue-chip index extended its record-breaking win streak. Futures on the S&P 500 ( ES=F) also gained 0.1%, while contracts for the Nasdaq-100 ( NQ=F) dipped 0.1%.

Investors remain hyper-focused on AI capital requirements and monetization. Those concerns, combined with high valuations for some tech names, have led to punishing earnings reactions for some AI highfliers such as AMD ( AMD), Sandisk ( SNDK), and Western Digital ( WDC).

SpaceX ( SPCX) stock remains near all-time lows. SpaceX's next test arrives on Thursday as a lockup period expires, potentially putting pressure on the stock should insiders sell their shares. Nvidia ( NVDA) stock rose over 3% on Wednesday after SpaceX said it would exclusively use Nvidia chips.

Geopolitical uncertainty continues to hang over markets, helping to send gold prices ( GC=F) to multiweek highs. Oil prices, which have fluctuated in recent days, steadied near $80 per barrel on Thursday after Iran said it had reached an agreement with Oman for a temporary shipping route through the Strait of Hormuz. Iranian Foreign Ministry spokesman Esmail Baghaei said the two nations would reach a deal "if certain third parties do not obstruct this process."

In economic data, markets are set to get a Challenger, Gray & Christmas report on layoffs and initial jobless claims on Thursday, setting the stage for Friday's July employment report.

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