US Futures Tick Higher Ahead of More Earnings

2026-08-05 23:44 By Jam Kaimo Samonte 1 min. read

US stock futures edged higher on Thursday after the major indexes finished mixed in the previous session, as investors turned their attention to another round of corporate earnings.

Markets are awaiting results from major companies including ConocoPhillips, Airbnb, and Warner Bros.

Discovery.

Traders will also be watching SpaceX, with insider lock-up restrictions set to expire today, allowing major shareholders to sell part of their holdings in Elon Musk’s rocket company.

On Wednesday, SpaceX plunged nearly 14% after reporting a sharp rise in capital expenditures, fueling concerns about heavy artificial intelligence-related spending.

Meanwhile, Nvidia climbed 3.4% after Elon Musk said during SpaceX’s earnings call that the company would rely exclusively on Nvidia chips for its AI infrastructure.

The gains helped lift the Dow to another record high, while the S&P 500 and Nasdaq Composite came under pressure as weakness across the broader technology sector weighed on sentiment.



News Stream
US Futures Tick Higher Ahead of More Earnings
US stock futures edged higher on Thursday after the major indexes finished mixed in the previous session, as investors turned their attention to another round of corporate earnings. Markets are awaiting results from major companies including ConocoPhillips, Airbnb, and Warner Bros. Discovery. Traders will also be watching SpaceX, with insider lock-up restrictions set to expire today, allowing major shareholders to sell part of their holdings in Elon Musk’s rocket company. On Wednesday, SpaceX plunged nearly 14% after reporting a sharp rise in capital expenditures, fueling concerns about heavy artificial intelligence-related spending. Meanwhile, Nvidia climbed 3.4% after Elon Musk said during SpaceX’s earnings call that the company would rely exclusively on Nvidia chips for its AI infrastructure. The gains helped lift the Dow to another record high, while the S&P 500 and Nasdaq Composite came under pressure as weakness across the broader technology sector weighed on sentiment.
2026-08-05
The Dow Jones Index Closes 0.63% Higher
The Dow Jones Index rose 342 points or 0.63 percent on Wednesday to close at 54428 points. Leading the gains are Amgen (5.16%), Nvidia (3.84%) and Walt Disney (3.83%). Top losers were Alphabet (-4.58%), Chevron (-2.05%) and Amazon (-1.66%).
2026-08-05
Wall Street Closes Near Record Highs
US stocks closed near record levels on Wednesday as an improving macroeconomic backdrop and strong corporate earnings supported sentiment. The S&P 500 inched down 0.2%, closing near yesterday's record. while the Dow added 263 points to reach a record 54,349. Crude oil prices extended their decline after Iran said it had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz, while US officials signaled progress in talks aimed at restoring trade flows through the region, easing concerns over energy-driven inflation. Credit sensitive sectors, including major banks, outperformed. Arista Networks rose 3.6% after reporting stronger-than-expected revenue. Eli Lilly gained 4.9% after beating revenue estimates and raising its full-year guidance. In contrast, the Nasdaq slipped 0.8%. SpaceX slumped 13.6%, giving back the previous session's gains, while AMD dropped 7% despite doubling data center revenue.
2026-08-05