| 📊 Alain’s Holdings — August 5, 2026 | ||||
|---|---|---|---|---|
| Symbol | Name | Price | Change | Change % |
| VOO | Vanguard S&P 500 ETF | 707.60 | -1.38 | -0.19% |
| QQQ | Invesco QQQ Trust | 717.30 | -6.55 | -0.91% |
| XIU.TO | iShares S&P/TSX 60 ETF | 53.94 | +0.53 | +0.99% |
Wall Street paused after four consecutive days of gains as investors digested another wave of earnings reports while continuing to monitor diplomatic developments in the Middle East.
Despite weakness in technology shares, the Dow Jones Industrial Average reached another record high, reflecting continued strength outside the high-growth tech sector.
Market Performance
- 📈 Dow Jones Industrial Average: +0.5% (New Record High)
- 📉 S&P 500: -0.2%
- 📉 Nasdaq Composite: -0.8%
The market rotated away from some technology names after this week’s powerful rally, while industrial and value stocks continued to attract buyers.
Nvidia Stands Out Again
One of the brightest spots in technology was Nvidia, which gained more than 3%.
The AI chip leader continued to outperform as investors maintained confidence in long-term demand for high-performance computing and artificial intelligence infrastructure.
Not every semiconductor company enjoyed the same enthusiasm.
AMD reported earnings that beat expectations and issued strong guidance, yet its shares still declined.
The reaction reflects today’s market environment:
Good results are no longer enough.
Investors increasingly expect exceptional performance from AI leaders.
SpaceX Learns a Wall Street Lesson
The biggest disappointment came from SpaceX.
Although the company reported earnings above expectations, shares fell roughly 13% after investors focused on rapidly rising AI-related capital expenditures.
Additional pressure came from the upcoming expiration of insider lock-up restrictions, which will allow approximately 20% of outstanding shares to become eligible for trading.
The reaction reinforces a trend seen throughout this earnings season:
Wall Street is rewarding disciplined execution—not simply ambitious investment plans.
Diplomacy Keeps Oil Prices in Check
Markets continued watching developments in the Middle East.
President Trump suggested an agreement to reopen the Strait of Hormuz could be reached “tomorrow or the next day.”
Meanwhile, reports indicated Iran may allow European countries to assist with clearing mines from the vital shipping route.
Brent crude remained near US$79 per barrel, while West Texas Intermediate traded around US$75.
Stable energy prices helped limit inflation concerns despite ongoing geopolitical uncertainty.
Another Busy Day of Earnings
Investors also reviewed results from:
- Eli Lilly
- Novo Nordisk
- Disney
- Shopify
- Uber
- Western Digital
- SanDisk
Earnings season continues to demonstrate that investors are rewarding companies capable of combining strong growth with disciplined spending and resilient profitability.
The Bottom Line
Wednesday’s session reflected a healthy pause following a powerful rally.
The market continues separating companies that merely promise future growth from those already delivering measurable financial results.
Even in an AI-driven market, investors remain focused on earnings quality, capital allocation, and sustainable cash flow.
That’s an encouraging sign for long-term investors.
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