Big Picture: Markets edged lower on Thursday as investors weighed Treasury yield increases and Middle East geopolitical tensions against a backdrop of strong corporate earnings. The S&P 500 dipped slightly while the Nasdaq lagged, and Bitcoin pulled back from recent gains. Energy was the standout sector, climbing 1.48% on rising oil prices tied to Iran Strait concerns.
| Index | Price | Change | % |
|---|---|---|---|
| S&P 500 (SPY) | $768.56 | -0.16% | -0.16% |
| Nasdaq 100 (QQQ) | $714.65 | -0.37% | -0.37% |
| Dow Jones (DIA) | $538.19 | -0.85% | -0.85% |
| Russell 2000 (IWM) | $298.25 | -0.51% | -0.51% |
| Sector | Ticker | Price | % |
|---|---|---|---|
| Technology | XLK | $185.33 | -0.31% |
| Financials | XLF | $57.81 | -0.33% |
| Energy | XLE | $58.16 | +1.48% |
| Healthcare | XLV | $164.45 | +0.18% |
| Consumer Disc. | XLY | $118.10 | -0.46% |
| Consumer Staples | XLP | $85.11 | -0.26% |
Analysis: Trump treats Fed Chairman Kevin Warsh as an ally. That creates economic risks
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Treasury yields rise, hurt by rising oil prices as traders focus on Middle East threats
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Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz
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Iran's Hormuz Strait plan reportedly blocks U.S., Israeli ships; U.S. rejects any 'impediments'
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American Airlines will stop upgrading elite flyers to business from coach on long domestic flights
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Copper jumps to its highest level ever. What the metal is telling us
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Apollo agrees to buy UK airline EasyJet in $7.7 billion deal as Castlelake withdraws
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World's biggest spirits maker pops 4% on $1 billion cost-cutting plan
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CNBC Daily Open: A super Thursday of earnings and hopes for Iran detente
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Markets face a busy macro calendar next week with additional earnings reports and fresh inflation data. The Middle East situation and its impact on energy prices remain the primary near-term risk for equity markets. Bitcoin continues to track macro sentiment and is hovering near the lower bound of its 52-week range.
Data Sources: Yahoo Finance (indices/sectors), CNBC (news), as of 2026-08-07