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

LIVE Stock market today: Nasdaq slips, Dow and S&P 500 futures inch up as earnings roll on Grace O'Donnell · Editor, Special Projects Updated Thu, August 6, 2026 at 3:35 PM GMT+2 2 min read ^DJI ^GSPC ^IXIC AMD SNDK US stocks barely budged on Thursday morning as investors absorbed a series 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. The Dow Jones Industrial Average ( ^DJI ) rose 0. 2% after the blue-chip index extended its record-breaking win streak , while the S&P 500 ( ^GSPC ) ticked up just above the flat line.

The Nasdaq Composite ( ^IXIC ) slipped 0. 3%. 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 . The Elon Musk-led company faces its next test 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 multi-week highs. Global oil prices ( BZ=F ), 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. " A Challenger, Gray & Christmas report on Thursday showed July layoffs plunged to their lowest level in two years, while data from the Bureau of Labor Statistics showed first-time jobless claims ticked up slightly to 199,000 in the week of August 1, essentially flat week-on-week. The two releases on Thursday set the stage for Friday's July employment report.