5 Things to Know Before the Stock Market Opens on Wednesday Aaron McDadeWed, August 5, 2026 at 12:11 PM UTC 0 The Dow has gained 1600 points over the past two sessions.Credit: Timothy A. Clary / AFP / Getty Images Stock futures are pointing to modest gains this morning after the Dow Jones Industrial Average and S&P 500 soared to record highs yesterday; SpaceX shares are tumbling after the Elon Muskled company released its first quarterly results as a public company; Shares of chipmaker AMD shares are also down despite a solid earnings report; Disney, Eli Lilly and other noteworthy companies re...
5 Things to Know Before the Stock Market Opens on Wednesday
Aaron McDadeWed, August 5, 2026 at 12:11 PM UTC
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The Dow has gained 1600 points over the past two sessions.Credit: Timothy A. Clary / AFP / Getty Images
Stock futures are pointing to modest gains this morning after the Dow Jones Industrial Average and S&P 500 soared to record highs yesterday; SpaceX shares are tumbling after the Elon Musk-led company released its first quarterly results as a public company; Shares of chipmaker AMD shares are also down despite a solid earnings report; Disney, Eli Lilly and other noteworthy companies reported earnings this morning; and Uber shares are down as lackluster results outweigh a positive robotaxi development. Here’s what you today.
Stock Futures Rise as Market Looks to Add to Record Highs
Stock futures are higher this morning as investors digest a steady flow of earnings from major companies. Futures tied to the Dow Jones Industrial Average and the S&P 500 were up 0.4% recently, while futures linked to the tech-heavy Nasdaq rose 0.2%. The major indexes surged yesterday, with the Dow and S&P closing at fresh record highs thanks to investor optimism about strong earnings reports and hopes that the Iran war could end soon. WTI crude oil futures were up 0.5% at just under $81 per barrel after two straight days of sharp declines, as investors wait to see if a deal to open the Strait of Hormuz will be reached. Gold futures were up 2% at $4,250 an ounce, trading at their highest level since mid-June, while bitcoin was little-changed at around $64,100. The yield on the 10-year Treasury note, which affects interest rates on loans, ticked lower to 4.61%.
SpaceX Stock Tumbles After First Earnings Report
Shares of SpaceX (SPCX) are falling this morning, poised to give back most of yesterday’s gains. The Elon Musk-led company’s stock jumped more than 9% yesterday ahead of the company’s first earnings report as a publicly traded company, its biggest one-day gain since its early days of trading. SpaceX said after Tuesday’s closing bell that its second-quarter revenue nearly doubled year-over-year while its loss narrowed. Musk was optimistic about SpaceX’s revenue growth opportunities, but investors appeared wary about spending trends in the company’s AI business, following the recent trend of investor concerns over big tech’s massive spending plans for data centers and hardware used to run AI products. SpaceX shares were down down 11% in recent premarket trading. The stock remains well below its $135 IPO price and has lost about half of its value since hitting a record high above $225 in mid-June.
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AMD Stock Drops Despite Strong Results
Advanced Micro Devices (AMD) shares also slumping this morning even as the chipmaker posted results that topped Wall Street expectations. After yesterday’s closing bell, AMD reported $11.54 billion in second-quarter revenue and adjusted earnings of $1.66 per share, each topping the analyst consensus compiled by Visible Alpha. AMD’s third-quarter revenue forecast also beat estimates, but its guidance for gross margins was merely in line with consensus. Investors may have had higher hopes for the chipmaker’s outlook, and have also potentially become harder to impress after the recent recovery for the AI trade that followed last month’s slump amid AI bubble fears. AMD stock was down 9% ahead of the opening bell, on track to erase yesterday’s 7% jump.
Disney, Eli Lilly, CVS Shares on the Move After Earnings
Investors are also digesting a flurry of earnings reports released this morning, led by big names including Disney (DIS) and Eli Lilly (LLY). Shares of Dow component Disney were up 3% after the media giant topped fiscal third-quarter estimates, and announced a content sharing deal with TikTok to bring short-form videos from the platform onto Disney+. Eli Lilly stock was up 5% after the drugmaker’s second-quarter results handily topped Wall Street expectations, as sales of its weight loss drugs Mounjaro and Zepbound continue to grow, with the company also lifting its full-year sales forecast. CVS Health (CVS) shares were up 3% after the pharmacy chain and Aetna parent reported strong results and lifted its profit outlook. Investors will get more reports after the closing bell today, with Western Digital (WDC), Sandisk (SNDK) and DoorDash (DASH) all scheduled to release results.
Uber Slips as Lackluster Results Outweigh Robotaxi News
Uber (UBER) stock is falling premarket after the ridesharing and food delivery giant reported lackluster earnings, outweighing the news of a significant step in its robotaxi efforts. Revenue fell short of Wall Street estimates compiled by Visible Alpha, while adjusted EPS came in just 1 cent higher than expected. Ahead of the report, Uber announced that one of its autonomous vehicle partners, Wayve, has received approval to operate supervised robotaxi rides in London with its fleet of electric Ford (F) Mustang vehicles. The company said a few of the 100,000 people who have signed up to be early riders will get to try them later this summer before a full launch is announced. Uber shares were down nearly 4% recently.
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Source: "AOL Money"
Source: Money
Published: August 5, 2026 at 08:18AM on Source: PRIME TIME
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