August 5 What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets For all the doubts and handwringing, the S&P 500 and Dow Jones are back at record highs after surging on Tuesday amid falling oil prices and the bumper earnings season.
It wasn’t all plain sailing overnight, however, as SpaceX shares fell back despite beating revenue expectations in its debut quarterly earnings report
I’ll get into that and more below. But first, check out my mid-week column, where I discuss the prospect of an AI “jobsmageddon” and more. And listen to the latest episode of the Morning Bid daily podcast, where we discuss yesterday’s standout earnings reports.
Subscribe to hear Reuters journalists discuss the biggest news in markets and finance seven days a week. OUTER SPACEX The market reaction to SpaceX’s debut earnings release was rocky despite its strong top-line figures. Doubts about its rising AI capex and cash burn dominated the discussion, alongside lingering concern about whether sales of insider and early-investor shares could pressure the stock as the post-IPO lockup periods expire.