Market Open: Fresh Record Highs For Dow and S&P 500, SpaceX Stock Tumbles, Oil Rebounds 8/5/2026

Stocks are higher in the early going after the Dow and S&P 500 both closed at record highs yesterday and they have reached intraday record highs already today. The average is aiming to extend their winning streaks to 5 days. The Dow Jones Industrial Average is up 453 points at 54,538.The Nasdaq Composite with a 114 point gain and the S&P 500 jumping 48 points. Among stocks on the move this morning, SpaceX down more than 11%. Elon Musk's rocket and internet company did see its quarterly revenue nearly double ...