Wall Street ends lower, Dow's 5-session win streak snaps; Oil surges on Strait of Hormuz tensions

Published Aug 6, 10:37 AM UTC

U.S. stock markets closed lower on August 6, 2026, ending the Dow's five-session winning streak and three consecutive record-high closes. The Dow fell 0.9%, the S&P 500 0.2%, and the Nasdaq 0.1%. Major tech decliners included Honeywell Aerospace (-23%), AppLovin (-20%), and Datadog (-19%), while Microsoft gained 2.5%. SpaceX rebounded 6% after a 14% drop the previous day, as 911 million shares became eligible for trading. Oil prices rose sharply—WTI up 3.7% to $78/barrel, Brent up 4.7% to $83.20—as investors awaited news on a potential U.S.-Iran agreement to reopen the Strait of Hormuz. The 10-year Treasury yield rose to 4.68%, and the dollar index edged up 0.3% to 99.97. Fox Corporation shares surged 5.5% on better-than-expected earnings boosted by FIFA World Cup advertising. Bitcoin traded near $64,400, and gold fell 0.2% to $4,295/oz. Investors now look ahead to the July employment report expected to show 83,000 jobs added.