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Surged alongside other US benchmarks after Washington and Tehran reached a framework to end their war and reopen the Strait of Hormuz.

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Asia Markets

Update: US Equity Indexes Advance as Fed Policy-Pause Bets Rise Amid Unexpected Decline in Nonfarm Payrolls

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes rose after a surprise drop in nonfarm payrolls lifted the odds for a monetary policy pause in September and sent government bond yields lower.The Nasdaq Composite jumped 1.1% to 26,626.5, with the S&P 500 up 0.5% to 7,750.4 and the Dow Jones Industrial Average higher by 0.2% to 54,985.1.Consumer discretionary, materials, and technology were among the top gainers in a broadly positive tape, while energy and financials led decliners.The July employment report showed nonfarm payrolls fell by 23,000, compared with the 80,000 jobs increase expected in a Bloomberg-compiled poll. Private payrolls rose by 30,000 in July, the same as in June but below the 82,000 expected. Government sector jobs decreased by 53,000.The unemployment rate fell to 4.1% in July from 4.2% in June, compared with a forecast of 4.2%, after the labor force participation rate declined to 61.4% from 61.5% and the labor force contracted.Looking past the government decline, the increase in private payrolls was below the lowest forecast, Jefferies Chief US Economist Thomas Simons said in a note. Large declines in leisure and hospitality, retail trade and financial services offset strength in construction and healthcare and social assistance, Simons said, adding that the next move from the Federal Reserve is an interest-rate cut, and most likely in December.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.US Treasury yields fell, with the 10-year yield down 1.9 basis points to 4.65% and the two-year lower by 4.6 basis points to 4.20%.Gold futures jumped 2.4% to $4,399.9, and silver futures surged 3.1% to $63.53.In geopolitical news, an Iranian official said a framework on the Strait of Hormuz has been agreed with Oman, with "a final decision to be made at higher levels," Al Jazeera, a Middle Eastern broadcaster, reported, citing Iranian state media. The deal would not automatically reopen the waterway, Tehran's deputy foreign minister said, according to CNN.The Saudi crown prince, Turkish president and Pakistani prime minister have signed a joint defense deal in Mecca stating that "any armed attack against any one of the three states shall be regarded as an attack against them all," Al Jazeera reported. Pakistan is one of the few countries in the world with nuclear weapons.The front-month US West Texas Intermediate crude oil contract jumped 1.5% to $78.41 a barrel, and global benchmark North Sea Brent advanced 1.5% to $83.74 a barrel.In company news, Microchip Technology's (MCHP) strong fiscal Q1 results were buoyed by better cyclical trends and structural tailwinds from its data center and aerospace and defense segments, Morgan Stanley said in a Friday note. Shares of Microchip soared 14%, one of the top gainers on the S&P 500 and Nasdaq.Airbnb (ABNB) reported stronger Q2 bookings as product changes contributed to higher revenue in the quarter, RBC Capital Markets said in a Friday note. Shares surged 15%, one of the biggest gainers on the S&P 500 and the Nasdaq.

Dow JonesNasdaq CompositeS&P 500$ABNB$MCHP
Japan

Update: US Equity Indexes Rise as Fed Pause Odds Jump Amid Surprise Drop in Nonfarm Payrolls

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes rose while government bond yields fell after an unexpected drop in nonfarm payrolls lifted bets for a monetary policy pause.The Nasdaq Composite jumped 1.2% to 26,667.5, with the S&P 500 up 0.6% to 7,758.9 and the Dow Jones Industrial Average higher by 0.3% to 54,029.3. Consumer discretionary, materials, and technology topped gainers in a broadly positive tape, while energy led a trio of decliners.The July employment report showed nonfarm payrolls fell by 23,000, compared with the 80,000 jobs increase expected in a Bloomberg-compiled poll. Private payrolls rose by 30,000 in July, the same as in June but below the 82,000 expected. Government sector jobs decreased by 53,000.The probability of the Federal Reserve keeping its target rate unchanged at 3.5%-3.75% in September surged to 56% on Friday from 45% a day ago and 33% a week ago, according to the CME FedWatch tool.US Treasury yields fell, with the 10-year yield down 1.9 basis points to 4.65% and the two-year lower by 4.1 basis points to 4.2%.An Iranian official said a framework on the Strait of Hormuz has been agreed with Oman, with "a final decision to be made at higher levels," Al Jazeera, a Middle Eastern broadcaster, cited Iranian state media reports. The deal would not automatically reopen the waterway, Tehran's deputy foreign minister said, according to CNN.The front-month US West Texas Intermediate crude oil contract slipped 0.6% to $76.80 a barrel, and global benchmark North Sea Brent edged 0.7% lower to $81.91 a barrel.

Dow JonesNasdaq CompositeS&P 500
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Strong Tech Results

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Friday's premarket activity as strong technology earnings supported gains in AI-related shares.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.6% before the start of regular trading.The July employment report showed nonfarm payrolls fell by 23,000, compared with the 80,000 jobs increase expected in a survey compiled by Bloomberg as of 7:35 am ET, while June payrolls were revised downwards to a 20,000 increase and May payrolls were revised down to a 63,000 increase, for a net downward revision of 103,000 jobs.Richmond Federal Reserve President Tom Barkin is slated to speak on Friday.The New York Fed's inflation expectations report for July will be released at 11 am ET.In premarket activity, bitcoin was up by 0.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher, Ether ETF (EETH) advanced 0.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.9%, the iShares US Technology ETF (IYW) was 0.3% higher, and the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.3% higher, while the iShares Semiconductor ETF (SOXX) rose by 1.5%.Atlassian (TEAM) shares were up more than 30% in premarket activity after the company reported higher fiscal Q4 non-GAAP net income and revenue.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.02% and the iShares US Consumer Staples ETF (IYK) was 2.2% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose 0.6%.Figs (FIGS) shares were up more than 25% pre-bell after the company posted higher Q2 earnings and sales.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.8%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Willdan (WLDN) stock was up more than 14% before the opening bell following the company's Q2 financial results.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.2%, the Vanguard Health Care Index Fund (VHT) gained 0.01%, while the iShares US Healthcare ETF (IYH) rose 2%. The iShares Biotechnology ETF (IBB) was 1% higher.Applied Optoelectronics (AAOI) stock was up more than 10% premarket after the company reported it swung to Q2 adjusted earnings.EnergyThe iShares US Energy ETF (IYE) was down 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.4% lower.Innovex International (INVX) stock was down more than 5% before market open after the company said late Thursday it priced an underwritten offering of 5 million shares on behalf of selling stockholders.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.04%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% higher.HA Sustainable Infrastructure Capital (HASI) shares were up 3% in early-hours activity after the company reported higher Q2 adjusted earnings and revenue.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $76.73 per barrel on the New York Mercantile Exchange. Natural gas was flat at $2.64 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.7%, while the United States Natural Gas Fund (UNG) was 0.3% higher.Gold futures for November advanced by 1.9% to $4,381.80 an ounce on the Comex. Silver futures rose 4.5% to $64.40 an ounce. SPDR Gold Shares (GLD) was up by 1.5%, and the iShares Silver Trust (SLV) was 3.5% higher.

Dow JonesNasdaq CompositeS&P 500$AAIO$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FIGS$GLD$HASI$IBB$IGM$IGV$INVX$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TEAM$UNG$USO$VDC$VHT$VIS$WLDN$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Rise Pre-Bell as Traders Assess Jobs Report, Monitor Middle East Developments

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were edging higher pre-bell Friday as traders assessed July's national jobs report and monitored developments in the Middle East conflict.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.6% higher.Iran released a draft plan for the Strait of Hormuz that restricts US and Israeli ships from passage, while other nations that harmed it would not be allowed to transit the waterway until compensation is paid, CNBC reported, citing Iranian state news outlet Fars. Iran and Oman are reportedly close to an agreement regarding passage through the strait.In the latest round of earnings, Vistra (VST) reported a decline in Q2 net income and operating revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1% at $81.69 per barrel and US West Texas Intermediate crude 0.7% lower at $76.77 per barrel.The July national unemployment rate was reported at 4.1%, down from 4.2% in the prior month and lower than the 4.2% figure from estimates compiled by Bloomberg.Federal Reserve Richmond President Thomas Barkin is slated to speak on Friday.In other world markets, Japan's Nikkei closed 0.1% lower, Hong Kong's Hang Seng ended 0.5% higher, and China's Shanghai Composite finished 1% higher. Meanwhile, the UK's FTSE 100 was up 0.7%, and Germany's DAX index was 0.9% higher in Europe's early afternoon session.In equities, Advanced Micro Devices (AMD) shares rose 2.2% after the company said it agreed to purchase Taalas to expand its computing capabilities with specialized artificial intelligence processors. Airbnb (ABNB) stock was up 7.5% after the company's Q2 results surpassed analysts' estimates amid strong demand fueled by the FIFA World Cup. Cloudflare (NET) shares surged 16% after the company lifted its full-year outlook following better-than-expected Q2 results.On the losing side, Resmed (RMD) shares fell 11% despite the company reporting higher fiscal Q4 adjusted earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$ABNB$AMD$NET$RMD$VST
Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan
US Markets

Stocks Rise Pre-Bell Ahead of Key Jobs Report; Investors Assess Iran's Hormuz Draft Plan

The benchmark US stock measures were tracking in the green before the open Friday as traders await a key employment report for July and assess media reports on Iran's restrictive draft plan for the Strait of Hormuz.The S&P 500 rose 0.2%, the Nasdaq increased 0.5% and the Dow Jones Industrial Average edged up in premarket activity. The indexes finished the previous trading session lower, with the Dow snapping a three-day streak of record closing highs.The nonfarm payrolls report for last month is scheduled to be released at 8:30 am ET. Government data is expected to show that the US economy added 80,000 jobs in July, compared with a 57,000 gain reported for the month prior, according to a Bloomberg poll.Job cuts hit a two-year low in July even as downsizing in the tech sector continued, outplacement firm Challenger Gray & Christmas said Thursday. Earlier in the week, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services.Treasury yields were down in premarket action, with the two-year rate retreating 1.2 basis points to 4.23% and the 10-year rate off 0.8 basis points to 4.66%.Iranian state news agency Fars published on Thursday Iran's initial draft proposal for a potential deal over the Strait of Hormuz under which US and Israeli ships would be barred from transiting the key waterway, CNBC reported. The plan is reportedly under review by an Iranian parliamentary committee.Iranian Deputy Foreign Minister Kazem Gharibabadi earlier in the week said that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized. The proposed Iran-Oman agreement would not automatically reopen the strait, Gharibabadi told the state-run Islamic Republic News Agency, according to CNN.West Texas Intermediate crude oil nudged 0.1% lower to $77.27 a barrel before the opening bell, while Brent dipped 0.2% to $82.29.Shares of Cloudflare (NET) jumped 17% pre-bell as the cloud company lifted its full-year outlook following better-than-expected second-quarter results. Airbnb (ABNB) advanced 8.1% after the vacation rental company's second-quarter results topped Wall Street's estimates amid strong demand fueled by the FIFA World Cup.Vistra (VST), Take-Two Interactive Software (TTWO), Oklo (OKLO), Fluor (FLR), Under Armour (UAA, UA), Spectrum Brands (SPB) and Wendy's (WEN) report their latest financial results before the bell, among others.Friday's economic calendar also has the weekly Baker Hughes oil-and-gas rig count at 1 pm. Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 10 am.Gold advanced 1.7% to $4,374 per troy ounce, while bitcoin gained 0.8% to $64,793.

Dow JonesNasdaq CompositeS&P 500$ABNB$FLR$NET$OKLO$SPB$TTWO$UA$UAA$VST$WEN
Japan

US Equity Futures Rise Pre-Bell as Traders Await Jobs Report, Monitor Middle East Developments

US equity futures were edging higher pre-bell Friday as traders stood by for July's national jobs report and monitored developments in the Middle East conflict.Dow Jones Industrial Average futures were 0.1% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.6% higher.Iran released a draft plan for the Strait of Hormuz that restricts US and Israeli ships from passage, while other nations that harmed it would not be allowed to transit the waterway until compensation is paid, CNBC reported, citing Iranian state news outlet Fars. Iran and Oman are reportedly close to an agreement regarding passage through the strait.In the latest round of earnings, Vistra (VST) reported a decline in Q2 net income and operating revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 0.9% at $81.72 per barrel and US West Texas Intermediate crude 0.9% lower at $76.62 per barrel.The unemployment rate for July, scheduled for release at 8:30 am ET, is expected to remain unchanged at 4.2%, according to estimates compiled by Bloomberg.Federal Reserve Richmond President Thomas Barkin is slated to speak on Friday.

Dow JonesNasdaq CompositeS&P 500$VST
Asia Markets

Jobs Report, Persian Gulf Views Lift Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures pointed moderately higher pre-bell Friday as traders awaited the national jobs report and monitored developments in the Persian Gulf.In the futures, the S&P 500 rose 0.2%, the Nasdaq inclined 0.4% and the Dow Jones was up 0.1%.The July employment bulletin from Washington is slated for an 8:30 am ET release, and will offer a window into how domestic labor markets are faring during a period of higher oil prices.The VanEck Semiconductor fund (SMH) gained 1% pre-bell, while West Texas Intermediate crude oil futures traded down 0.7%, at $76.79 a barrel, in morning hours.Asian exchanges traded unevenly overnight, with Hong Kong and Shanghai rising after a strong July international trade report from Beijing.European bourses tracked moderately north midday on the continent, again testing all-time highs.Akamai Technologies (AKAM) traded up 13.2% after the AI- and cloud-computing outfit reported Q2 financial results modestly above expectations, but also disclosed a $600 million, four-year agreement with a new customer to provide cloud infrastructure for robotics development.On the economic calendar, in addition to the jobs report, is the weekly Baker Hughes oil-and-gas rig count at 1 pm.Federal Reserve Richmond Thomas Barkin is slated to speak on Friday.In pre-market action, bitcoin traded at $64,813, and 10-year US Treasuries offered 4.66%. Spot gold commanded $4,315 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Fall as Treasury Yields Jump With Crude Oil Ahead of Nonfarm Payrolls, Deal to Reopen Strait of Hormuz

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes fell, with markets under pressure amid higher government bond yields and crude oil prices ahead of nonfarm payrolls and a much-awaited agreement between Iran and Oman to reopen the Strait of Hormuz.The Dow Jones Industrial Average declined 0.9% to 53,885.10, with the S&P 500 down 0.2% to 7,709.96 at the close Friday. The Nasdaq Composite slipped less than 0.1% to 26,348.35. All but three sectors, energy, healthcare and technology, declined. Industrials, real estate and materials led decliners.SpaceX (SPCX) will build a vertically integrated semiconductor fabrication facility in Grimes County, Texas, Governor Greg Abbott said in a statement Thursday. Phase one of the Terafab project includes a capital investment of more than $16.8 billion, he said. Shares of SpaceX advanced 6.1%, the top gainer on the Nasdaq.Motorola Solutions (MSI) delivered a better-than-expected Q2, driven by continued outperformance from Silvus Technologies in defense markets and a surprise return to growth in its Land Mobile Radio business, Morgan Stanley said in a Thursday research note. Shares of Motorola soared 8.2%, the leader on the S&P 500.In economic news, outplacement firm Challenger, Gray & Christmas said companies planned to cut 33,429 jobs in July, down from 45,849 in June and 62,075 in July 2025, the lowest monthly total since July 2024."The pace of layoffs fell dramatically this summer," said Andy Challenger, the company's chief revenue officer. "Layoff plans continue to be announced primarily in tech, and artificial intelligence is still the story, as investments in the technology reshape organizations."Initial jobless claims rose to 199,000 in the week ended Aug. 1 from an upwardly revised 198,000 in the prior week, compared with the 205,000 forecast in a survey of analysts compiled by Bloomberg. The four-week moving average fell by 4,500 to 198,750.Nonfarm payrolls are expected to jump to 88,000 for July, from 57,000 reported for the previous month, according to economists' estimates compiled by Bloomberg. Data are due Friday. Minneapolis Fed President Neel Kashkari (voter) would prefer a gradual rate increase sooner, perhaps as early as the September monetary policy meeting, rather than be forced to raise rates rapidly later, according to a CNBC interview Wednesday.US Treasury yields jumped on Thursday, with the 10-year yield climbing 4.7 basis points to 4.66% and the two-year higher by 6.2 basis points to 4.24%. Apart from interest rate expectations, the yields also reflected geopolitical developments.Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before being allowed to use it, Bloomberg reported, citing local media reports on a proposed Iran-Oman deal to manage the crucial waterway. The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows, the news report said.Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday.Front-month US West Texas Intermediate crude oil contract jumped 4.2% to $78.38 a barrel, and global benchmark North Sea Brent surged 5.3% to $83.67 a barrel. Both crude types traded close to their session highs.

Dow JonesNasdaq CompositeS&P 500$MSI$SPCX
Update: Dow Snaps Record Run Following Reports on Restrictive Hormuz Draft Plan
US Markets

Update: Dow Snaps Record Run Following Reports on Restrictive Hormuz Draft Plan

(Updates with market moves at the end of the day, and other changes, if any.)The Dow Jones Industrial Average retreated Thursday from record highs as oil prices rose following reports that US and Israeli ships won't be allowed to transit the Strait of Hormuz under a draft plan.The Dow shed 0.9% to 53,885.10, after notching three consecutive record closing highs. The S&P 500 fell 0.2% to 7,709.96, while the Nasdaq Composite edged down 0.1% to 26,348.35. Most sectors were in the red, led by industrials, real estate and materials, while energy saw the biggest gain.West Texas Intermediate crude oil was up 3.1% at $77.54 a barrel in Thursday late-afternoon trade, while Brent rose 4.1% to $82.74.Iran and Oman are reportedly close to finalizing a framework regarding the Strait of Hormuz. But US and Israeli ships would be blocked from moving through the strategic waterway, Iranian state news outlet Fars reported Thursday, according to CNBC.Asked about the Fars report, CNBC quoted an unnamed US official as saying that "any temporary routes will be without any impediments -- meaning no approvals or permissions and no tolls or charges."The proposed Iran-Oman agreement would not automatically reopen the strait, Iranian Deputy Foreign Minister Kazem Gharibabadi told the state-run Islamic Republic News Agency, according to CNN."The real hinge point now becomes the trajectory of US-Iran discussions, because meaningful progress is essential before disrupted energy flows can realistically resume," ING Bank said in a report Thursday.Treasury yields were higher, with the two-year rate rising 6.6 basis points to 4.25% and the 10-year rate up 5.1 basis points at 4.67%.Honeywell Aerospace's (HONA) fiscal second-quarter earnings fell year-over-year as revenue missed estimates. The stock plunged 23%, the worst performer on the S&P 500.AppLovin (APP) shares tumbled nearly 20%, the second-biggest decline on the benchmark equity index, after the mobile technology company reported a second-quarter revenue miss late Wednesday.Datadog (DDOG) followed AppLovin on the S&P 500, down 19%, even after the software maker reported a second-quarter beat and raised its full-year outlook.In economic news, US job cuts hit a two-year low in July even as downsizing in the tech sector continued, outplacement firm Challenger Gray & Christmas said. Separately, government data on Thursday showed that initial jobless claims rose less than expected for the week through Aug. 1.Data from the Bureau of Labor Statistics are likely to show Friday that the US economy added 80,000 nonfarm jobs last month, compared with a 57,000 increase reported for June, according to a Bloomberg-compiled survey. The unemployment rate is seen unchanged at 4.2%.Spot gold fell 0.2% to $4,239.52 per troy ounce, while silver declined 0.9% to $61.76 per ounce.

Dow JonesNasdaq CompositeS&P 500$APP$DDOG$HONA
Japan

US Equity Markets End Lower After Crude Oil Prices, Government Bond Yields Rise Again

US equity indexes ended lower Thursday after crude oil prices and government bond yields rose following Iran's warning to Gulf states and clarification on the Hormuz deal with Oman* Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday. The deal would give Tehran control over ships entering the Gulf through the Strait of Hormuz, Reuters reported Wednesday.* Trump confronted Defense Secretary Pete Hegseth at Camp David last week, demanding an explanation as to why he was apparently misled regarding severe munitions shortages, The Washington Post reported Thursday.* Initial jobless claims rose to 199,000 in the week ended Aug. 1 from an upwardly revised 198,000 in the prior week, compared with the 205,000 forecast in a survey of analysts compiled by Bloomberg.* Wholesale inventories rose by 0.2% in June, revised downward from a 0.3% increase in the advance reading and following a 0.3% increase in May. Analysts in a Bloomberg-compiled poll expected no revision.* September West Texas Intermediate crude oil rose $2.65 to settle at $77.87 per barrel, while September Brent crude, the global benchmark, was last seen up $3.61 at $83.04.* Motorola Solutions (MSI) shares were up 8.2%, the top gainer on the S&P 500, after the company reported better-than-expected Q2 results.* Honeywell Aerospace's (HONA) shares were down 23%, the worst performer on the S&P 500 and Nasdaq, after fiscal Q2 earnings fell year-over-year as revenue missed estimates.

Dow JonesNasdaq CompositeS&P 500$HONA$MSI
Japan

Update: US Equity Indexes Mixed as Technology, Energy Help Blunt Broad-Based Declines

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes were mixed after big-tech names partially offset a broadly negative tape, with markets under pressure amid higher government bond yields and crude oil prices ahead of Friday's close.The Dow Jones Industrial Average declined 0.9% to 53,875.2, with the S&P 500 down 0.2% to 7,711.5. The Nasdaq Composite was little changed at 26,361.4. Energy topped the sector charts intraday, followed by technology. Materials and industrials led the decliners.Among companies with a market capitalization of more than $200 billion, three of the top five belonged to either the semiconductor or the semiconductor equipment and materials industries. Shares of Arm (ARM), the biggest outperformer in this category and one of the Nasdaq's leaders, advanced 5%.SpaceX (SPCX), also an outperformer in the mega-caps category, will build a vertically integrated semiconductor fabrication facility in Grimes County, Texas, Governor Greg Abbott said in a statement Thursday. Phase one of the Terafab project includes a capital investment of more than $16.8 billion, he said. Shares of SpaceX climbed 4.2%, one of the top gainers on the Nasdaq.Tech giant Sandisk's (SNDK) shares traded 5.3% lower after dropping more than 10% earlier in the session, following fiscal Q4 results that showed an adjusted earnings and revenue beat. Raymond James adjusted its price target on Sandisk's shares to $2,000 from $1,470.Iran will seek to bar US and Israeli ships from the Strait of Hormuz and require compensation from hostile countries before they're allowed to use it, Bloomberg cited local media reports on a proposed Iran-Oman deal to manage the crucial waterway. The agreement has become key to expectations for a reopening of Hormuz and a resumption of energy flows that have been throttled since the US and Israel attacked Iran in February, the news report said.Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday.The front-month US West Texas Intermediate crude oil contract jumped 3.1% to $77.56 a barrel, and global benchmark North Sea Brent surged 4.1% to $82.68 a barrel.US Treasury yields rose, with the 10-year yield up 4.7 basis points to 4.66% and the two-year higher by 6.2 basis points to 4.24%.

Dow JonesNasdaq CompositeS&P 500$ARM$SNDK
Equities Fall Intraday Amid Report on Restrictive Hormuz Draft Plan
US Markets

Equities Fall Intraday Amid Report on Restrictive Hormuz Draft Plan

US benchmark equity indexes fell intraday after a report claimed that a draft plan to reopen the Strait of Hormuz would likely come with restrictive conditions.The Dow Jones Industrial Average was down 0.7% at 53,946.3 after midday Thursday, while the S&P 500 fell 0.2% to 7,706.2. The Nasdaq Composite was down 0.1% to 26,344.6. On Wednesday, the Dow recorded a new all-time high.All sectors were in the red, except energy and technology.Iran and Oman are reportedly close to finalizing a framework regarding the Strait of Hormuz. But US and Israeli ships would be blocked from moving through the strategic waterway, Iranian state news outlet Fars reported Thursday, according to CNBC."The real hinge point now becomes the trajectory of US-Iran discussions, because meaningful progress is essential before disrupted energy flows can realistically resume," ING Bank said in a report Thursday.West Texas Intermediate crude oil was up 3.6% at $77.95 a barrel intraday, while Brent rose 4.4% to $82.93.Treasury yields were higher, with the two-year rate rising 6.4 basis points to 4.2% and the 10-year rate up 5.5 basis points to 4.7%.Honeywell Aerospace's (HONA) fiscal second-quarter earnings fell year-over-year as revenue missed estimates. The stock plunged 20%, the worst performer on the S&P 500.AppLovin (APP) shares tumbled 18% intraday, the second-biggest decline on the benchmark equity index, after the mobile technology company reported a second-quarter revenue miss late Wednesday.Datadog (DDOG) followed AppLovin on the S&P 500, down 16%, even after the software maker reported a second-quarter beat and raised its full-year outlook.Spot gold fell 0.1% to $4,241.80 per troy ounce, while silver declined 1.2% to $61.57 per ounce.

Dow JonesNasdaq CompositeS&P 500$APP$DDOG$HONA
Asia Markets

Update: US Equity Indexes Mixed as Chipmakers Help Lift Technology While Crude Oil Jumps With Treasury Yields

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes were mixed, with gains in energy and tech partially offsetting a broadly negative market under pressure from higher government bond yields and crude oil.The Dow Jones Industrial Average declined 0.6% to 54,016.3, with the S&P 500 down 0.2% to 7,710.2. The Nasdaq Composite was little changed at 26,308.7.Among companies with a market capitalization of more than $200 billion, four of the top five belonged to either the semiconductor or the semiconductor equipment and materials industries. Arm (ARM) was the biggest outperformer in this category, with shares up 4.9%.Tech giant Sandisk's (SNDK) shares traded 5.2% lower after dropping more than 10% earlier in the session, following fiscal Q4 results that showed an adjusted earnings and revenue beat. Raymond James adjusted its price target on Sandisk's shares to $2,000 from $1,470.Energy topped the sector charts intraday, followed by technology. Real estate, materials, and industrials led the decliners.Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday.Iran and Oman are close to finalizing a proposed framework for commercial shipping through the Strait of Hormuz, Tehran's deputy foreign minister said, according to a CNN report Thursday. However, the agreement would not automatically reopen the waterway, he warned, according to the news report. The deal would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday.The front-month US West Texas Intermediate crude oil contract jumped 3.2% to $77.65 a barrel, and global benchmark North Sea Brent surged 4.% to $82.60 a barrel.US Treasury yields rose, with the 10-year yield up 5.5 basis points to 4.67% and the two-year higher by 6.8 basis points to 4.25%.Gold futures slipped 0.1% to $4,300.40, giving up earlier gains. Silver futures retreated 1% to $61.64.In economic news, Outplacement firm Challenger, Gray & Christmas said companies planned to cut 33,429 jobs in July, down from 45,849 in June and 62,075 in July 2025, and the lowest monthly total since July 2024."The pace of layoffs fell dramatically this summer," said Andy Challenger, the company's chief revenue officer. "Layoff plans continue to be announced primarily in tech, and artificial intelligence is still the story, as investments in the technology reshape organizations."Initial jobless claims rose to 199,000 in the week ended Aug. 1 from an upwardly revised 198,000 in the prior week, compared with the 205,000 forecast in a survey of analysts compiled by Bloomberg. The four-week moving average fell by 4,500 to 198,750.Wholesale inventories rose by 0.2% in June, revised downward from a 0.3% increase in the advance reading and following a 0.3% increase in May. Analysts in a Bloomberg-compiled poll expected no revision.

Dow JonesNasdaq CompositeS&P 500$ARM$SNDK
Asia Markets

Exchange-Traded Funds Decline as US Equities Fall After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV edged lower. Actively traded Invesco QQQ Trust (QQQ) eased 0.4%.US equity indexes fell, while both government bond yields and crude oil rose after midday Thursday.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each added about 1.3%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) added 0.1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also increased.The State Street SPDR S&P Semiconductor (XSD) rose 2.7%, and iShares Semiconductor (SOXX) gained 0.9%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) declined 1.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), advanced 1.1%.CommoditiesCrude oil rose 3.5%, and the United States Oil Fund (USO) gained 3.5%. Natural gas fell 1.5%, and the United States Natural Gas Fund (UNG) lost 0.6%.Gold on Comex eased 0.3%, and the State Street SPDR Gold Shares (GLD) fell 0.3%. Silver was down 1.4%, and iShares Silver Trust (SLV) dropped 1.3%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was down 0.5%. The Vanguard Consumer Staples ETF (VDC) slipped 0.3%, and iShares Dow Jones US Consumer Goods (IYK) fell 0.8%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was down 0.6%. VanEck Retail ETF (RTH) fell 0.5%, and the State Street SPDR S&P Retail (XRT) dropped 1.5%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) declined 0.5%, iShares US Healthcare (IYH) fell 0.3%, and Vanguard Health Care ETF (VHT) shed 0.4%. IShares Biotechnology ETF (IBB) was up 0.1%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) fell 0.3%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) dipped 0.2%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) fell 0.3%, ProShares Ether ETF (EETH) was down 0.5%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) fell fractionally.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

US Equity Indexes Decline, Crude Oil Rises in Midday Trading

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes fell, while both government bond yields and crude oil rose after midday Thursday.The Dow Jones Industrial Average declined 0.7% to 53,971.2, with the S&P 500 down 0.3% to 7,703.1 and the Nasdaq Composite lower by 0.2% to 26,308.7.Among companies with a market capitalization of more than $200 billion, four of the top five belonged to either the semiconductor or the semiconductor equipment and materials industries. Arm (ARM) was the biggest outperformer in this category.Energy was the sole gainer in midday trading.Iran has made a concerted diplomatic push with Gulf states, warning them explicitly that Tehran will hit their oil, power and water plants unless they convince President Donald Trump to end US strikes on Iran, Reuters reported Thursday.Iran and Oman are close to finalizing a proposed framework for commercial shipping through the Strait of Hormuz, Tehran's deputy foreign minister said, according to a CNN report Thursday. However, the agreement would not automatically reopen the waterway, he warned, according to the news report. The deal would give Tehran control over ships entering the Gulf through the Strait of Hormuz, a senior Iranian source and two regional officials told Reuters on Wednesday.The front-month US West Texas Intermediate crude oil contract climbed 1.9% to $76.61 a barrel, and global benchmark North Sea Brent jumped 2.2% to $81.20 a barrel.US Treasury yields rose, with the 10-year yield up 3.1 basis points to 4.65% and the two-year higher by 4.8 basis points to 4.23%.

Dow JonesNasdaq CompositeS&P 500$ARM
Commodities

Exchange-Traded Funds, Equity Futures Mixed Pre-Bell Thursday Amid Corporate Earnings Deluge

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) retreated 0.7% in Thursday's premarket activity as the corporate earnings deluge continues.US stock futures were mixed, with S&P 500 Index futures up 0.01%, Dow Jones Industrial Average futures gaining 0.2%, and Nasdaq futures slipping 0.3% before the start of regular trading.Challenger, Gray & Christmas reported earlier Thursday that layoff intentions declined in July from both June and the previous month, but the technology sector still led the total and artificial intelligence was the key reason listed for the fifth straight month.The weekly jobless claims bulletin showed 199,000 new unemployment claims for the week ended Aug. 1, compared with the upwardly revised figure of 198,000 in the prior week, and it came in above the 205,000 expected, according to estimates compiled by Bloomberg.Q2 nonfarm productivity increased at a 1.4% annual rate, above forecasts for 0.6%, while unit labor costs increased 1.3%, compared with the 2.1% rise expected.Wholesale inventories data for June are due to be released at 10 am ET, followed by weekly natural gas stocks at 10:30 am ET.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.In premarket activity, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.7% lower, Ether ETF (EETH) retreated 0.8%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) was inactive, the iShares US Technology ETF (IYW) was 0.5% lower, and the iShares Expanded Tech Sector ETF (IGM) was down 1.4%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was up 0.1%, while the iShares Semiconductor ETF (SOXX) fell by 1%.SiTime (SITM) shares were up more than 27% in premarket activity after the company reported higher Q2 adjusted earnings and revenue.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.7%, the Vanguard Health Care Index Fund (VHT) was up 0.4%, while the iShares US Healthcare ETF (IYH) gained 0.1%. The iShares Biotechnology ETF (IBB) was 0.5% higher.Insmed (INSM) stock was up more than 26% premarket after the company reported higher Q2 revenue.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.4%, while the Vanguard Industrials Index Fund (VIS) was inactive, and the iShares US Industrials ETF (IYJ) was up 0.3%.LegalZoom (LZ) stock was down 26% after the company cut its fiscal 2026 revenue guidance and announced a 13% companywide workforce reduction.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.6%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.7%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1.6% lower.Fiserv (FISV) shares were down 12% in early hours activity after the company reported lower Q2 adjusted earnings and revenue.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.2%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) gained 1.6% and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) and the VanEck Retail ETF (RTH) were flat, while the State Street SPDR S&P Retail ETF (XRT) was 0.4% higher.Diageo (DEO) shares were up more than 4% pre-bell after the company reported higher fiscal 2026 preliminary adjusted earnings.EnergyThe iShares US Energy ETF (IYE) was inactive, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 1.4%.ConocoPhillips (COP) stock was up more than 2% before market open after the company said that Chief Financial Officer Andy O'Brien will succeed Ryan Lance as president and chief executive officer, effective Sept. 1.CommoditiesFront-month US West Texas Intermediate crude oil gained by 1.5% to reach $76.35 per barrel on the New York Mercantile Exchange. Natural gas was down 1.3% at $2.65 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.4%, while the United States Natural Gas Fund (UNG) was 0.2% lower.Gold futures for November advanced by 0.6% to $4,329.00 an ounce on the Comex. Silver futures lost 0.5% to reach $61.97 an ounce. SPDR Gold Shares (GLD) was up by 3%, and the iShares Silver Trust (SLV) was 4.4% higher.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$COP$DEO$EEM$EETH$EXI$FAS$FAZ$FISV$GLD$IBB$IGM$IGV$INSM$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LZ$PMR$QQQ$RTH$SITM$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Mixed Pre-Bell as Iran, Oman Near Agreement on Strait of Hormuz Passage

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mixed pre-bell Thursday amid reports that Iran and Oman are close to an agreement regarding passage through the Strait of Hormuz.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.6% lower.Iran's Foreign Ministry spokesperson Esmaeil Baghaei said that a joint announcement is being finalized regarding a shipping route through the waterway, which lies between Iran and Oman. An Iranian government official told MS Now that the temporary deal aims to allow the restart of the ceasefire between the US and Iran and the beginning of another 60-day round of negotiations, according to a CNBC report.Traders digested the latest round of earnings, with ConocoPhillips (COP) reporting higher adjusted earnings and revenue for Q2.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1.7% at $80.78 per barrel and US West Texas Intermediate crude 1.5% higher at $76.37 per barrel.The weekly jobless claims bulletin, released at 8:30 am ET, showed 199,000 new unemployment claims for the week ended Aug. 1, compared with the upwardly revised figure of 198,000 in the prior week, and the 205,000 expected, according to estimates compiled by Bloomberg. Q2 nonfarm productivity increased at a 1.4% annual rate, above forecasts for 0.6%, while unit labor costs increased 1.3%, compared with the 2.1% expected.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.In other world markets, Japan's Nikkei closed 0.9% lower, Hong Kong's Hang Seng ended 1.5% lower, and China's Shanghai Composite finished 0.6% higher. Meanwhile, the UK's FTSE 100 was up 0.1%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Sandisk (SNDK) shares dropped more than 10% despite the company posting a fiscal Q4 adjusted earnings and revenue beat. Western Digital (WDC) stock was down 15% after the company reported its fiscal Q4 financial results late Wednesday. AppLovin (APP) shares plunged 19% after the company's Q2 revenue fell short of market expectations.On the winning side, ConocoPhillips stock rose 2.1% after the company reported a Q2 adjusted earnings and revenue beat. Parker-Hannifin (PH) shares jumped 8.2% after the company posted better-than expected fiscal Q4 adjusted earnings and net sales. Howmet Aerospace (HWM) stock was up 3.5% after the company reported Q2 adjusted earnings and revenue that surpassed analysts' consensus and boosted its 2026 guidance.

Dow JonesNasdaq CompositeS&P 500$APP$COP$HWM$PH$SNDK$WDC
Japan

US Equity Futures Mixed Pre-Bell As Iran, Oman Near Agreement on Strait of Hormuz Passage

US equity futures were mixed pre-bell Thursday amid reports that Iran and Oman are close to an agreement regarding passage through the Strait of Hormuz.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.5% lower.Iran's Foreign Ministry spokesperson Esmaeil Baghaei said that a joint announcement is being finalized regarding a shipping route through the waterway, which lies between Iran and Oman. An Iranian government official told MS Now that the temporary deal aims to allow the restart of the ceasefire between the US and Iran and the beginning of another 60-day round of negotiations, according to a CNBC report.Traders digested the latest round of earnings, with ConocoPhillips (COP) reporting higher adjusted earnings and revenue for Q2.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $80.28 per barrel and US West Texas Intermediate crude 0.8% higher at $75.85 per barrel.The weekly jobless claims bulletin, scheduled for release at 8:30 am ET, is expected to show 205,000 new unemployment claims for the week ended Aug. 1, up from 197,000 in the prior week, according to estimates compiled by Bloomberg. The Q2 nonfarm productivity report is expected to show an annual gain of 0.6% after a 0.3% increase in the prior quarter. Unit labor costs are projected to rise 2.1%, compared with 1.8% previously.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$COP
Stocks Mostly Up Pre-Bell as Investors Weigh Potential Iran-Oman Hormuz Deal, Await More Earnings
US Markets

Stocks Mostly Up Pre-Bell as Investors Weigh Potential Iran-Oman Hormuz Deal, Await More Earnings

US equity markets were mostly pointing higher before the opening bell Thursday as investors assess prospects for a potential deal between Iran and Oman over the Strait of Hormuz and await the latest batch of corporate earnings.The S&P 500 edged up 0.1% and the Dow Jones Industrial Average rose 0.2% in premarket activity, while the Nasdaq declined 0.3%. The Nasdaq and S&P 500 finished the previous trading session lower, while the Dow logged a fresh closing high for a third straight day.Iranian Deputy Foreign Minister Kazem Gharibabadi reportedly said Thursday that an "understanding" between Iran and Oman regarding the Strait of Hormuz is close to being finalized, CNBC reported. Gharibabadi noted that the path of understanding is between the two countries and no negotiations have taken place with the US during this period.Earlier in the week, President Donald Trump reportedly said an agreement to reopen the strait, the world's most important chokepoint for crude flows, was imminent.West Texas Intermediate crude oil dipped 0.1% to $75.16 a barrel before the open, while Brent was slightly in the green at $79.47.ConocoPhillips (COP), Parker Hannifin (PH), Datadog (DDOG), Warner Bros. Discovery (WBD), Becton Dickinson (BDX), Keurig Dr Pepper (KDP), Kenvue (KVUE), Restaurant Brands International (QSR), Fiserv (FISV), Ralph Lauren (RL), Fox (FOX, FOXA), US Foods (USFD) and Unity Software (U) report their latest financial results before the bell, among others.Cloudflare (NET), Monster Beverage (MNST) and Airbnb (ABNB) are scheduled to post their earnings after the markets close.Shares of Applovin (APP) dropped 16% pre-bell after the mobile technology provider's second-quarter revenue fell short of market estimates. DoorDash (DASH) gained 2.4% as the company delivered a second-quarter revenue beat amid order momentum. SanDisk (SNDK) fell 8.9% following its latest quarterly results.Employers in the US announced 33,429 layoffs in July, down 27% from the month prior and 46% year over year, according to Challenger, Gray & Christmas' latest report. The weekly jobless claims bulletin is out at 8:30 am ET.On Wednesday, ADP (ADP) data showed that private-sector employment in the US increased less than expected last month as gains were concentrated in services. The government's nonfarm payrolls report for July is due on Friday.Treasury yields were trending higher in premarket action, with the two-year rate inclining 2.1 basis points to 4.2% and the 10-year rate adding 1 basis point to 4.63%.Federal Reserve Bank of St. Louis President Alberto Musalem is slated to speak at 5:30 pm.Gold traded up 0.5% at $4,328 per troy ounce, while bitcoin decreased 0.4% to $64,606.

Dow JonesNasdaq CompositeS&P 500$ABNB$ADP$APP$BDX$COP$DASH$DDOG$FISV$FOX$FOXA$KDP$KVUE$MNST$NET$PH$QSR$RL$SNDK$U$USFD$WBD
International

Tech Caution Undercuts Wall Street Pre-Bell; Asia Mixed, Europe Up

Wall Street futures were mixed pre-bell Thursday as traders eyed tech enterprises cautiously, and backed away from any signs of slipping revenue growth revealed in the ongoing earnings season.In the futures, the S&P 500 rose 0.2%, the Nasdaq declined 0.4% and the Dow Jones was up 0.3%.AppLovin (APP) traded down 18.8% pre-bell after the mobile-technology and app enterprise reported Q2 EPS in line with expectations, but missed on revenue and offered tempered guidance, late Wednesday.Western Digital (WDC) traded down 15.3% pre-bell after the data-storage company overnight released fiscal Q4 earnings and revenue that topped expectations, but offered revenue guidance roughly in line with outlooks.Asian exchanges traded mixed overnight, while European bourses tracked moderately north midday on the continent, again testing record highs.On the economic calendar is the weekly jobless claims report, and the Q2productivity and costs bulletin, at 8:30 am ET.The weekly EIA natural gas report logs at 10:30 am.Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.In pre-market action, bitcoin traded at $64,608, West Texas Intermediate crude oil traded up 0.8% at $75.81, and 10-year US Treasuries offered 4.63%. Spot gold commanded $4,268 an ounce.

Dow JonesNasdaq CompositeS&P 500

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