🐳 WhalePool Traders Journal

#USMarketUpdate
Stock market today: Dow posts record on hopes for Iran deal, S&P 500 and Nasdaq snap 4-day rally

Live updates

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

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

Shares of AI chip heavyweight Nvidia (NVDA) soared more than 3%.

https://finance.yahoo.com/markets/live/stock-market-today-wednesday-august-5-dow-sp-500-nasdaq-oil-093653327.html

Yahoo Finance

Stock market today: Dow, S&P 500, Nasdaq climb as Trump says Hormuz deal is close

Growing hopes that the Strait of Hormuz could soon reopen uplifted markets as earnings continued to roll in.

124 viewsedited 15:26

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While You Were Sleeping: 5 stories you might have missed, Aug 6, 2026
https://www.straitstimes.com/world/while-you-were-sleeping-5-stories-you-might-have-missed-aug-6-2026

The Straits Times

While You Were Sleeping: 5 stories you might have missed, Aug 6, 2026

While You Were Sleeping: 5 stories you might have missed, Aug 6, 2026. Read more at straitstimes.com. Read more at straitstimes.com.

116 views23:12

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#USMarketUpdate
Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq | Reuters

SUMMARY
SpaceX falls after reporting first earnings since going publicAmgen, Disney help lift DowADP data shows US economy added 44,000 jobs in JulyIndexes: Dow up 0.49%, S&P 500 off 0.17%, Nasdaq down 0.83%

Aug 5 (Reuters) - The Dow closed at a record on Wednesday on signs of progress for a peace deal with Iran, while the Nasdaq saw its first decline in five sessions as SpaceX and AMD stumbled following their quarterly ‌earnings.

A proposed deal between Iran and Oman would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters, in one of the biggest concessions yet to Iran.

https://www.reuters.com/business/media-telecom/sp-500-dow-futures-inch-up-mideast-hopes-offset-spacex-amd-drag-2026-08-05/

Dow closes at record on Middle East optimism; SpaceX, AMD drag Nasdaq
https://www.straitstimes.com/business/companies-markets/dow-closes-at-record-on-middle-east-optimism-spacex-amd-drag-nasdaq

107 viewsedited 23:13

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#MarketMind
#TradingDay: Momentum fizzles, gold sizzles

ORLANDO, Florida, Aug 3 (Reuters) - Solid corporate earnings and optimism around a peace deal in the Middle East pushed world stocks to new highs on Wednesday, although momentum cooled as investors digested some tech weakness and the latest hawkish remarks on U.S. interest rates from a Federal Reserve official.

Meanwhile, gold had its best day in six months.
In my column today, I put Wall Street's race to new highs in the global context - as impressive as it is, it is far from ‌exceptional. The earnings and growth advantage the U.S. has enjoyed over its developed world peers may be shrinking...

Today's Talking Points:
Lockup countdown
The SpaceX IPO in June was one of the most anticipated in history, and its first share lockup expiry on Thursday is no different. Insiders who acquired stakes before its June listing at a fraction of the $135-per-share IPO price stand to make big gains, but their sales could add fresh pressure on the stock, which is already 20% below its IPO price and 50% off its high...

Inflation expectations
If Fed Chair Kevin Warsh is looking for measures of inflation expectations that ‌lean more ⁠to the benign end of the spectrum, he might consider the 1-year inflation swap rate. It was 1.71% on Wednesday, the lowest since 2024 and down from over 3.5% a few months ago. Importantly, it is below the Fed's 2% medium-term inflation target. The 2-year swap rate got as low as 2.07%...

Time to shine
Gold had its best day on Wednesday in six months, rising 4.5% and moving further away from the $4,000/oz level. Unlike oil or other precious metals lately, gold tends not to move this much — this was one of bullion's biggest one-day rises since the GFC. What gives?...

What could move markets tomorrow?

China trade (July)

Mexico

interest rate decision
U.S. Challenger jobs layoffs (July)
U.S. St. Louis Fed President Alberto Musalem speaks
Global corporate earnings

https://www.reuters.com/commentary/reuters-open-interest/global-markets-trading-day-graphic-2026-08-05/

79 viewsedited 23:14

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Google stock drops amid AI leadership shake-up
https://finance.yahoo.com/technology/article/google-stock-drops-amid-deepmind-leadership-shake-up-170219204.html

Yahoo Finance

Google stock drops amid DeepMind leadership shake-up

Google DeepMind CEO Demis Hassabis is transitioning to DeepMind chair, as Google chief scientist Jeff Dean exits.

135 views23:17

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SanDisk sinks as revenue forecast falls short of expectations
https://finance.yahoo.com/markets/stocks/article/sandisk-stock-sinks-as-revenue-forecast-falls-short-of-expectations-163703465.html

Yahoo Finance

Sandisk stock sinks as revenue forecast falls short of expectations

Sandisk reported earnings on Wednesday.

132 views23:18

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Meta debuts Muse Spark 1.2 and first coding agent as it ramps up competition with OpenAI, Anthropic
https://finance.yahoo.com/technology/article/meta-debuts-muse-spark-12-and-first-coding-agent-as-it-ramps-up-competition-with-openai-anthropic-213338398.html

Yahoo Finance

Meta debuts Muse Spark 1.2 and first coding agent as it ramps up competition with OpenAI, Anthropic

Meta has debuted its latest AI model and first AI coding agent.

125 views23:18

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#Earnings live updates:
Western Digital stock sinks after 200% rally sets high bar, Expedia stock pops

Earnings continue to roll in, driving the stock market to new highs.

SpaceX (SPCX) and AMD (AMD) reported after the closing bell on Tuesday, but the stocks fell as investors weighed capex plans and expectations for bigger beats.
High-flying memory names Sandisk (SNDK) and Western Digital (WDC) also sank on Wednesday after delivering earnings after hot rallies so far this year. Disney (DIS), Uber (UBER), Eli Lilly (LLY), and Kraft Heinz (KHC) also reported results.

https://finance.yahoo.com/markets/live/earnings-live-updates-130425228.html

Yahoo Finance

Earnings live updates: Marriott stock falls as Middle East drags, Trump brothers-backed American Bitcoin swings to loss

Earnings continue to be the market's engine, and a series of results this week from Palantir, SpaceX, and AMD are set to rev up stocks again.

155 viewsedited 23:18