{"id":238945,"date":"2026-08-06T19:34:03","date_gmt":"2026-08-06T19:34:03","guid":{"rendered":"https:\/\/www.europesays.com\/iran\/238945\/"},"modified":"2026-08-06T19:34:03","modified_gmt":"2026-08-06T19:34:03","slug":"stock-market-today-dow-posts-record-on-hopes-for-iran-deal-sp-500-and-nasdaq-snap-4-day-rally","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/iran\/238945\/","title":{"rendered":"Stock market today: Dow posts record on hopes for Iran deal, S&P 500 and Nasdaq snap 4-day rally"},"content":{"rendered":"\n

US stocks were mixed on Wednesday after a searing rally, as investors weighed earnings from SpaceX (SPCX<\/a>) and AMD (AMD<\/a>),\u00a0and President Trump’s comments that a deal to reopen the Strait of Hormuz could happen as early as Wednesday. <\/p>\n

The tech-heavy Nasdaq Composite (^IXIC<\/a>) slipped 0.8% to snap a 4-day rally. The S&P 500 (^GSPC<\/a>) retreated from a record to close down nearly 0.2%. The Dow Jones Industrial Average (^DJI<\/a>) climbed 0.5% to post a new all-time high after Tuesday’s record close.<\/a> <\/p>\n

Shares of AI chip heavyweight Nvidia (NVDA<\/a>) soared more than 3%. <\/p>\n

Stocks rotated as investors assessed earnings and cheered diplomatic efforts for another peace deal between the US and Iran \u2014 no matter how fragile. <\/p>\n

SpaceX didn’t receive the Wall Street welcome it was looking for in its first report as a public company.<\/a> Shares of the Elon Musk-led company dropped 13% after its AI spending overshadowed a second quarter earnings beat. SpaceX stock faces additional pressure this week when 20% of shares will be unlocked for trading. <\/p>\n

Shares of major chipmaker AMD also declined despite reporting an earnings beat and a strong outlook<\/a>, as analysts wanted “exceptional results”<\/a> and not merely “excellent ones.” <\/p>\n

Oil prices were steady after Trump hinted that the US was nearing a deal with Iran. “It could happen. Tomorrow or the next day,” Trump said, per Bloomberg. Global benchmark Brent crude (BZ=F<\/a>) traded above $79 per barrel, while WTI crude oil futures (CL=F<\/a>), the US benchmark, hovered near $75 per barrel. <\/p>\n

On Tuesday, Qatar said a proposal had been drafted between the US and Iran to reopen the Strait of Hormuz, a critical waterway for a fifth of the world’s oil. Iran is also reportedly considering allowing European countries to remove mines<\/a> from the strait, adding to confidence that shipping traffic in the region could normalize. <\/p>\n

Investors were also focused on quarterly reports from Eli Lilly (LLY<\/a>), Novo Nordisk (NVO<\/a>), Western Digital (WDC<\/a>), Sandisk (SNDK<\/a>), Walt Disney (DIS<\/a>), Shopify (SHOP<\/a>), and Uber Technologies (UBER<\/a>) on Wednesday. <\/p>\n","protected":false},"excerpt":{"rendered":"US stocks were mixed on Wednesday after a searing rally, as investors weighed earnings from SpaceX (SPCX) and…\n","protected":false},"author":2,"featured_media":238946,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[28],"tags":[102,34,572,722,13840,66827,101],"class_list":["post-238945","post","type-post","status-publish","format-standard","has-post-thumbnail","category-strait-of-hormuz","tag-hormuz","tag-iran","tag-nasdaq-composite","tag-president-trump","tag-spacex","tag-spacex-stock","tag-strait-of-hormuz"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/117050242706762842","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/238945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=238945"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/238945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/238946"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=238945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=238945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=238945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}