S&P 500 Reaches All-Time High Driven by Robust Earnings

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On August 5, 2026, major U.S. stock indices are performing well, with the S&P 500 up 0.46%, the Dow Jones Industrial Average rising 0.74%, and the Nasdaq 100 gaining 0.51%. The S&P 500 and Dow posted new all-time highs, while the Nasdaq reached a one-month high, bolstered by positive corporate earnings.

Booking Holdings saw a stock increase of over 7% after reporting Q2 gross bookings of $51 billion, exceeding expectations of $49.68 billion. Conversely, SpaceX’s stock dropped more than 10% due to higher-than-expected spending on its AI division. Additional highlights include a 44,000 increase in U.S. ADP employment for July, falling short of the expected 65,000, and a rise in average 30-year fixed mortgage rates to 6.81%, a one-year high.

Internationally, overseas markets are up, with the Euro Stoxx 50 achieving a new all-time high. Additionally, crude oil prices are rebounding as tensions escalate after Yemen’s Houthi group threatened attacks on Saudi vessels, impacting market sentiment.

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