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Aug 5 (Reuters) - Wall Street's main indexes opened higher on Wednesday, as hopes of a Middle East peace breakthrough offset the slide in shares of SpaceX and AMD after the upbeat forecasts issued by
U. S. stock futures pointed to another positive start on Wednesday, with investors looking to extend the strong rally that has lifted the Dow Jones Industrial Average and the S&P 500 to fresh record highs in recent sessions.
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Kratos reported second-quarter earnings per share of 21 cents, up from 11 cents a year ago. Wall Street was looking for 14 cents.
By Johann M Cherian and Shashwat Chauhan Aug 5 (Reuters) - Futures tracking the S&P 500 and the Dow edged up on Wednesday on hopes of a Middle East peace breakthrough, while ones tied to the Nasdaq
Stock futures pointed higher Wednesday as investors weighed earnings from SpaceX, AMD, and Disney after a broad market rally
Wall Street futures pointed moderately higher pre-bell Wednesday on media reports of possible 60-day
U.S. stock markets closed sharply higher on Tuesday buoyed by a gradual decline in crude oil prices.
Growing hopes that the Strait of Hormuz could soon reopen uplifted markets as earnings continued to roll in.
We're about to witness a massive wealth transfer from retail investors to SpaceX's insiders.
Stocks were on track to break more records on Wednesday, as the AI trade and hopes of an Iran peace deal continued to power the broader market higher. S&P 500 futures rose 0.3%. Dow Jones Industrial Average futures added 130 points, or 0.2%.
Sacrificing additional transparency is a dangerous game to play.
Asian shares surged and oil prices slipped Wednesday after the U.S. stock market rallied to records, helped by strong corporate earnings reports and hopes for a deal setting the stage for talks that might eventually lead to an end to the war in Iran. Japan's Nikkei 225 gained 3.3% to 66,068.24, with chipmaker Kioxia surging 6.3% while chip testing equipment maker Advantest soared 6.9%. Tech giant Samsung Electronics advanced 4.1%.
Ed Yardeni, economist and the president of Yardeni Research, said that his year-end S&P 500 target of 8,250 now appears increasingly conservative, with the index only about 6.5% away, highlighting a “fabulous earnings momentum.”
Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms continued to enjoy a revival after a month-long rout, with confidence also boosted by the prospect of an imminent deal to reopen the Strait of Hormuz.Crude tumbled more than five percent Tuesday -- and are down more than 10 percent this week -- after US Treasury Secretary Scott Bessent said a deal could be reached imminently with Tehran on re-opening the Strait of Hormuz to shipping traffic.
REVIEW PREVIEW NEWSLETTER Good Vibes and Blue Skies. Summer heat and humidity may be setting in, but markets are showing no signs of wilting. The gains keep piling up in the first few days of the August as strong earnings, hopes of a sustained ceasefire in the Middle East and a renewed optimism in AI drove major indices higher on Tuesday.
Twenty-five of the 27 biggest single-day point gains in Dow history share a surprising common thread, but the full picture behind that stat challenges almost everything the headline implies.
<body><p>STORY: Wall Street's main indexes surged on Tuesday, with the Dow and S&P 500 both gaining roughly one-and-three quarters percent to notch record-high closes, and the Nasdaq climbing more than two-and-a-half percent.</p><p>Investors eagerly awaited SpaceX's first earnings results since its IPO, delivered after the close. Elon Musk's rocket and AI company reported a more than 90% rise in revenue for the quarter, buoyed by strong growth in its Starlink satellite-internet and AI businesses. The company posted a net loss of more than $540 million and capital expenditures of over $18 billion. Its shares, which closed up, gave back most of those gains in extended trading.</p><p>The stock, which has fallen 8% since SpaceX's record-breaking IPO in June, could face further pressure this week when the lock-up period expires, notes Rob Haworth, senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"I think the market's probably a little worried that we're going to see more shares being offered, although we've been below the IPO price, so we'll have to see. But we think this remains a really important year for IPO markets as we have OpenAI and Anthropic coming as well. This will really start to unlock this private equity market and get some fresh capital to work. And then I think it's a question of how do markets adapt to this, right? How do markets adapt to all these new providers, which are model companies, and incorporate those into the overall ethos? So this is going to remain a really interesting year when it comes to some fresh blood into the U.S. equity market."</p><p>:: AMD</p><p>Also after the close, AMD said its second-quarter revenue rose 50% year-over-year, beating analysts' expectations. But the stock, which closed 7% higher, erased those gains in extended trading.</p><p>In other earnings news, Palantir Technologies grabbed headlines after its CEO delivered what he called "otherworldly" results, with the software company raising its annual revenue forecast. Shares skyrocketed more than 29% to record their biggest daily percentage gain since February of 2024.</p><p>:: Caterpillar</p><p>And shares of Caterpillar, seen as a bellwether for the global industrial economy, jumped about five-and-a-half percent after the company raised its annual revenue growth forecast, as the buildout of AI data centers has fueled demand for its power-generation and construction equipment.</p><p>Meanwhile, crude prices settled down about 5% after a Qatari official said efforts to secure a diplomatic resolution to the Iran conflict were continuing, while U.S. Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come within the next two days.</p></body>
President Donald Trump discussed efforts to de-escalate US-Iran tensions with Qatari Emir Tamim bin Hamad Al Thani.
Situational Awareness may be just the tip of the iceberg.
VirTra, Inc. (VTSI) reached $3.11 at the closing of the latest trading day, reflecting a +1.63% change compared to its last close.
Lennar (LEN) concluded the recent trading session at $87.02, signifying a +2.14% move from its prior day's close.