{
  "id": 233586,
  "title": "S&P 500 falls as oil prices pressure stocks; Dow drops more than 450 points to end 5-day win streak: Live updates",
  "url": "https://urgent.news/2026/08/06/s-p-500-falls-as-oil-prices-pressure-stocks-dow-drops-more-than-450",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-06T20:10:37.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc-2",
    "url": "https://www.cnbc.com/2026/08/05/stock-market-today-live-updates.html?__source=newsletter%7Cbreakingnews"
  },
  "original_language": "en",
  "account": "The S&P 500 experienced a decline on Thursday as traders monitored developments in the Middle East and processed several earnings reports. The broad market index dropped 0.2%, while the Nasdaq Composite fell 0.1%. The Dow Jones Industrial Average plummeted 464 points, or 0.9%, after Salesforce announced a leadership change, causing its shares to plummet 3%. Sandisk and AppLovin also suffered significant losses, with the former down 5% and the latter 20% due to mixed quarterly results. Western Digital experienced a 12% drop after its first-quarter forecast disappointed investors. However, its fourth-quarter results surpassed expectations. Market analysts suggested some profit-taking could be influencing stock prices, noting that both Sandisk and Western Digital have had strong year-over-year growth. The oil prices rose after Iran announced a draft plan to potentially ban U.S. and Israeli ships from the Strait of Hormuz, which is currently under review by an Iranian parliamentary committee. Oil prices surged after a tanker passed through the strait, and a recent explosion was heard off the coast of Oman. Despite the turbulence, Iran and Oman were working towards an agreement to reopen the Strait, though details remained unclear. Most S&P 500 sectors ended lower, with energy and information technology being the only winners, up more than 1% each. Real estate, materials, and industrials were the biggest losers, each down around 1%. Other notable stock movements included UWM Holdings, which fell 40% after suspending its dividend and raising capital, and JPMorgan's upgrade of SharkNinja to $207, indicating a 14% upside from the previous close.",
  "summary": null,
  "key_points": [
    "S&P 500 declines 0.2% amid Middle East tensions and earnings reports",
    "Dow Jones drops 464 points, ending 5-day winning streak",
    "Oil prices rise after Iran's draft plan to ban U.S./Israeli ships from Strait of Hormuz"
  ],
  "editors_take": "Thursday's stock market losses, led by declines in industrials and real estate, reflect traders' concern that rising oil prices and Middle East tensions may dent corporate profits and economic growth.",
  "illustration": "https://urgent.news/ill/233586.png",
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}