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Dow futures rise 0.2% to a new record while Nasdaq futures fall 0.6% amid weak AI‑stock earnings and steady oil at $80 a barrel.
Dow futures edged up 0.2% to a fresh all‑time high, but Nasdaq‑100 futures slipped 0.6% as investors digested disappointing earnings from AI‑focused chip makers [2]. The split move matters because the Dow’s record‑setting momentum supports broader market confidence, while the Nasdaq’s pullback signals renewed volatility in the high‑growth tech sector.
| At a glance | |
|---|---|
| Dow futures | +0.2% (record high) |
| S&P 500 futures | +0.1% |
| Nasdaq‑100 futures | –0.6% |
| Gold (GC=F) | Weeks‑high (up) |
| Crude oil (BZ=F) | ~ $80 / bbl |
After the latest earnings season, AI‑related stocks such as AMD, SanDisk and Western Digital saw sharp sell‑offs, reflecting investor concerns over high valuations and uncertain monetisation of AI spend [2]. The weakness in these names helped pull the Nasdaq‑100 futures lower, even as the broader market held modest gains. By contrast, Nvidia rallied more than 3% after SpaceX announced it would exclusively use Nvidia chips, providing a rare bright spot for the sector [2].
Geopolitical uncertainty kept gold prices elevated, pushing the metal to a multi‑week high [2]. Oil prices steadied around $80 a barrel after Iran confirmed a temporary shipping route through the Strait of Hormuz with Oman, a development that could ease supply concerns if it holds [2]. Labor‑market data showed July layoffs at a two‑year low, bolstering the backdrop for a resilient economy, while initial unemployment claims added context for the upcoming employment report [2].
The mixed futures activity underscores a divergence: the Dow’s record‑high trajectory reflects confidence in traditional industrials, whereas the Nasdaq’s pullback highlights the fragility of AI‑driven growth stocks. Commodity prices remain sensitive to geopolitical developments, with gold and oil reacting to the same Middle‑East dynamics that influence risk sentiment.
The day’s split performance shows that while legacy indices can still climb to new heights, the tech‑heavy Nasdaq remains vulnerable to earnings disappointments and broader geopolitical risk, keeping investors attentive to both corporate results and global developments.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 3 outlets · Aug 6, 2026 · How we report
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