Dow and S&P 500 rise as oil falls on Strait of Hormuz reopening hopes

Dow Jones··USIRQA·Read original
3▲0 ▼0Impact / 5
Summary · why it matters

US stocks steadied on Wednesday with futures for the S&P 500 and Dow Jones Industrial Average gaining slightly after record closes, while oil declined for a third day. Brent crude fell 1% to $78 per barrel and WTI crude dropped below $75 per barrel amid growing hopes that the Strait of Hormuz could soon reopen following a US-Iran peace proposal drafted by Qatar. Nasdaq-100 futures were little changed as investors digested tech earnings, including a 7% drop in SpaceX shares after its AI spending overshadowed a second-quarter earnings beat. Earnings reports are also expected from Eli Lilly, Novo Nordisk, Western Digital, Sandisk, Walt Disney, Shopify, and Uber Technologies.

Impact on assets 10

Cloud & Digital Infrastructure▲ · 2 stocks
Communication Services▲ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
Longevity & Life Extension▲ · 1 stocks
Semiconductors▲ · 1 stocks
Space Economy▲ · 1 stocks
Robotics & Physical AI▲ · 1 stocks
Others▲ · 2 stocks
© 2026 MarketIVNews