Market at Lunch
Dow 54571.39 +485.51 (0.90%)
Nasdaq 26579.64 -26.37 (-0.10%)
SP 500 7749.21 +12.69 (0.16%)
10-yr Note
NYSE Adv 1078 Dec 1482 Vol 246.93 mln
Nasdaq Adv 1843 Dec 2104 Vol 4.05 bln
Industry Watch
Strong: Materials, Health Care, Communication Services, Financials, Industrials
Weak: Energy, Utilities, Real Estate, Consumer Staples
Moving the Market
–Fresh record highs for the S&P 500 and DJIA
–Mixed reactions to another sizable batch of earnings
–Crude oil moving lower amid reports that egotiators have finalized the draft of a deal to reopen the Strait of Hormuz
Mixed action amid busy earnings day
05-Aug-26 11:25 ET
Dow +485.51 at 54571.39, Nasdaq -26.37 at 26579.64, S&P +12.69 at 7749.21
Action at the sector level mirrors that of the previous sessions this week, with most S&P 500 sectors trading higher while the defensive utilities (-1.4%) and consumer staples (-0.8%) sectors lag alongside the real estate sector (-0.8%).
Though it is also defensive in nature, the health care sector (+0.7%) moves higher after solid earnings results from its largest component, Eli Lilly (LLY 1140.69, +25.01, +2.24%).
The energy sector (-1.6%) continues to retreat as crude oil prices remain stable today amid more reports that the U.S. and Iran could soon reach a deal to reopen the Strait of Hormuz.
Outside the S&P 500, the Russell 200 (-0.2%) and S&P Mid Cap 400 (-0.1%) hold modest losses.