Stocks
Global Markets Tumble Amid Earnings Reports, Oil Price Hikes
Global markets were mixed on Thursday, August 6, 2026. While European markets rose, Asian benchmarks declined.
The S&P 500 was relatively flat at the start of trading, while the Dow Jones Industrial Average edged up 29 points. The Nasdaq composite fell 0.2%.
Kurieg Dr Pepper's stock jumped 3% after reporting earnings and revenue that exceeded investor expectations, but Honeywell Aerospace's shares lost about a quarter of their value due to disappointing results.
The price of Brent crude oil rose 1%, reaching $80.55 per barrel. The Strait of Hormuz conflict continues to impact markets, with U.S. President Donald Trump stating that a deal to reopen the strait is imminent but uncertain.