US Futures Steady After Record Rally

2026-08-04 23:49 By Jam Kaimo Samonte 1 min. read

US stock futures were little changed on Wednesday after the major indexes surged to fresh record highs in the previous session, supported by strong corporate earnings and rising optimism over an imminent deal to reopen the Strait of Hormuz.

In extended trading, SpaceX plunged 7% despite reporting better-than-expected second-quarter revenue in its first earnings release as a public company, as investors remained concerned about the company's heavy spending on artificial intelligence infrastructure.

AMD also fell 9% after the chipmaker delivered only a modest earnings beat.

During Tuesday’s regular session, the Dow and S&P 500 climbed 1.71% and 1.79%, respectively, with both benchmarks closing at new record highs.

The tech-heavy Nasdaq Composite jumped 2.59%.

Investors are now awaiting another round of corporate earnings on Wednesday, including results from Eli Lilly, AppLovin, Walt Disney, Uber, and Sandisk.



News Stream
US Futures Steady After Record Rally
US stock futures were little changed on Wednesday after the major indexes surged to fresh record highs in the previous session, supported by strong corporate earnings and rising optimism over an imminent deal to reopen the Strait of Hormuz. In extended trading, SpaceX plunged 7% despite reporting better-than-expected second-quarter revenue in its first earnings release as a public company, as investors remained concerned about the company's heavy spending on artificial intelligence infrastructure. AMD also fell 9% after the chipmaker delivered only a modest earnings beat. During Tuesday’s regular session, the Dow and S&P 500 climbed 1.71% and 1.79%, respectively, with both benchmarks closing at new record highs. The tech-heavy Nasdaq Composite jumped 2.59%. Investors are now awaiting another round of corporate earnings on Wednesday, including results from Eli Lilly, AppLovin, Walt Disney, Uber, and Sandisk.
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US stocks closed sharply higher on Tuesday, with the S&P 500 and Dow Jones reaching fresh record highs, supported by strong corporate earnings and lower oil prices amid optimism that the US and Iran could reach an agreement to reopen the Strait of Hormuz. The S&P 500 rose 1.8% to 7,737, the Dow gained 907 points to 54,086, and the Nasdaq 100 jumped 3.3%. Among individual stocks, Palantir soared 29%, posting its strongest daily gain in more than two years after delivering blowout second-quarter results. Semiconductor stocks also rallied, led by Intel (+10.8%), Marvell (+13%), Micron (+7.6%), and Broadcom (+6.6%). Caterpillar climbed 5.5% after reporting better-than-expected second-quarter earnings and raising its revenue growth guidance. After the closing bell, SpaceX reported better-than-expected second-quarter revenue in its first earnings release since its June IPO. However, the stock fell in extended trading as capital expenditures surged.
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