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US markets rally US stock markets opened higher on Wednesday, August 5, with the S&P 500 and Dow Jones Industrial Average hitting fresh intraday record highs as strong corporate earnings and optimism over a potential reopening of the Strait of Hormuz boosted investor sentiment. The S&P 500 gained 0.6%, while the Dow rose over 500 points, or 1%. The Nasdaq Composite added 0.4%. Walt Disney and Eli Lilly advanced after strong earnings, while SpaceX and AMD declined despite beating estimates.
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CNBC TV18•09-10-2026, 19:49
US Stocks Open Higher As Oil Prices Fall And Tech Shares Rebound
  • •US stocks opened higher on Friday as easing oil prices and a rebound in technology shares provided relief to investors.
  • •The Dow Jones Industrial Average rose 0.1%, the S&P 500 gained 0.3%, and the Nasdaq Composite advanced 0.6%.
  • •SpaceX shares gained following a spectrum deal, while telecom stocks like AT&T, Verizon, and T-Mobile dropped.
  • •Concerns over OpenAI's revenue outlook eased after reports clarified expectations, helping drive the tech sector recovery.
  • •US Treasury yields remained mostly stable while Brent crude futures fell to around $103 per barrel.
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Key Questions Answered

US stocks opened higher on Friday as easing oil prices offered investor relief, while technology shares rebounded following a sell-off earlier in the week. The Dow Jones Industrial Average rose 0.1%, the S&P 500 gained 0.3%, and the Nasdaq Composite advanced 0.6%.

SpaceX shares gained 2% following a deal to acquire a nationwide spectrum portfolio. Conversely, shares of AT&T, Verizon, and T-Mobile fell as investors assessed the potential competitive impact of this agreement.

Earlier market concerns grew after a Financial Times report indicated OpenAI's annualised revenue reached $50 billion, falling short of expectations for $70 billion. However, sentiment eased when Bloomberg reported that the company expects to reach or exceed $70 billion by the end of the year.

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