US Equity Indexes Mixed; SpaceX Slumps 13% on Capex

U.S. equity indexes navigated a mixed session on August 5, 2026, with heavyweight communication services stocks pressuring the Nasdaq Composite. Reports of a proposed Hormuz shipping route agreement between Iran and Oman emerged, impacting energy flows. The Nasdaq Composite fell 0.6% to 26,415.2, while the S&P 500 saw minimal change near 7,736.9 ahead of the close. The Dow Jones Industrial Average concluded the session up 0.7% at 54,451.1.

SpaceX (SPCX) was the session's worst performer, with shares tumbling 13%. The aerospace company reported second-quarter capital expenditures of $18.37 billion, a substantial rise from $2.83 billion a year prior, overshadowing a narrower-than-expected loss and revenue that surpassed consensus.

Alphabet's (GOOG) Google announced leadership changes, naming DeepMind CEO Demis Hassabis to new roles. Shares of the search giant declined 4.2%. Advanced Micro Devices (AMD) saw its shares drop 6.9% amid analyst concerns about its gross margin trajectory, despite reporting earnings and revenue that exceeded market expectations and Q3 sales guidance that beat consensus.

In energy markets, West Texas Intermediate crude oil futures slipped 0.7% to $75.26 a barrel, while Brent crude rose 0.2% to $79.55 a barrel.