Dow Holds Record High, Nasdaq Falls

2026-08-06 13:35 By Andre Joaquim 1 min. read

US stocks were mixed on Thursday as stability for traditional economic sectors weighed against volatility for the AI trade following fresh earnings results.

The S&P 500 was flat for a second session, while the Dow inched higher for another record high.

Treasury yields held the week's pullback, moving in tandem with energy prices to reflect softer concerns that the Federal Reserve will raise inters rates this year.

Some relief in the macroeconomic backdrop coincided with robust earnings, with Eli Lilly holding yesterday's results-driven surge while J&J and Goldman Sachs gained around 1%.

In turn, chip producers were sharply down to extend their volatile momentum, pressuring the Nasdaq 100 to a near 1% pullback.

Western Digital plummeted 17% after posting a disappointing guidance.

Similarly, Sandisk lost nearly 10% as its results failed to meet lofty expectations for memory producers.

SpaceX fell up to 1% as $101 billion in its shares are will be free from their post-IPO lockup period.



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