Global Economy
Dow Jones Hits Record High as Nasdaq Slips 1% on Semiconductor Weakness
U.S. equities delivered a mixed session on Thursday, August 6, 2026. The Dow Jones Industrial Average surged to a fresh all‑time high, while the Nasdaq‑100 slipped about 1 % after semiconductor stocks tumbled. The S&P 500 remained flat for a second consecutive day, and Treasury yields continued to ease, easing fears of further Fed rate hikes. Strong earnings from Eli Lilly, Johnson & Johnson and Goldman Sachs provided some uplift, but technology names such as Western Digital and its SanDisk unit dragged the Nasdaq lower.
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Market Overview
The U.S. equity market posted a mixed performance on Thursday, August 6, 2026. The Dow Jones Industrial Average nudged higher to a fresh all‑time high, while the Nasdaq‑100 fell about 1 % after a steep drop in semiconductor stocks. The S&P 500 remained essentially flat for a second consecutive session.
Bond Market
U.S. Treasury yields continued their downward trend that began earlier in the week, reflecting easing concerns that the Federal Reserve will raise rates further this year. Lower energy prices also helped to cap inflation pressures.
Corporate Earnings
- Eli Lilly (LLY) posted solid results, extending its recent rally.
- Johnson & Johnson (JNJ) and Goldman Sachs (GS) each rose roughly 1 %.
Tech Sector Pressure
Semiconductor and memory‑chip makers led the decline on the Nasdaq. Western Digital (WDC) slumped 17 % after issuing weaker‑than‑expected guidance, and its SanDisk division dropped nearly 10 % amid disappointing earnings.
SpaceX Update
Shares of SpaceX slipped up to 1 % as the lock‑up period that followed its recent IPO expired, releasing about $101 billion of previously restricted stock into the market.