Bloomberg
Stocks Rally on Strong Earnings; SpaceX's AI Spending Hits Shares | Bloomberg Brief 08/05/26
Wednesday, August 5, 2026
US equity futures rose following a stock market close at an all-time high for the first time since June. SpaceX shares declined as the company reported increased artificial intelligence spending in its debut earnings results. Oil prices increased after Houthi militants issued a threat against Middle East shipping, offsetting statements by President Trump regarding a potential US-Iran deal. Matt McLennan of First Eagle Investments commented on US corporate profit margins.
Original reporting: https://www.bloomberg.com/news/videos/2026-08-05/bloomberg-brief-08-05-26-video