---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000836974.md"
description: "US stocks were mixed pre-market (SPX +0.2%, NDX -0.2%) as Trump signaled a possible Strait of Hormuz deal with Iran as early as Wednesday, tempered by Iran-backed Houthi threats to disrupt Red Sea travel. Brent rose +1.1% to $80/bbl; gold and silver gained. Notable pre-mkt movers included $SpaceX(SPCX.US) -9% on surging AI spending, $Match(MTCH.US) -10% on disappointing paying users and revenues, and $Eli Lilly(LLY.US) +3% on lackluster Wegovy pill sales at competitor $Novo Nordisk AS(NVO.US).   Equities remain fully priced with 2026 EPS estimates now $346 (+25% YoY) on AI and energy gains, implying a 22x forward P/E and an earnings yield below 10yr Treasury yields for the first time since early 2024, and before that 2000.  I remain cautious on $Tesla(TSLA.US) amid falling estimates, the continued commoditization of unsupervised autonomy, and an extended valuation.​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​  $Disney(DIS.US), $Uber Tech(UBER.US), $Eli Lilly(LLY.US), $Kraft Heinz(KHC.US), $Occidental Petroleum(OXY.US), and $Shopify (SHOP.US) report earnings today.  On Friday, we get July employment numbers."
datetime: "2026-08-05T10:16:54.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000836974.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000836974.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000836974.md)
author: "[Gary Black Tracker](https://longbridge.com/en/profiles/17077344.md)"
generator: "portal-rs"
---

# US stocks were mixed pre-market (SPX +0.2%, NDX -0…


### Related Stocks

- [SPCX.US](https://longbridge.com/en/quote/SPCX.US.md)
- [MTCH.US](https://longbridge.com/en/quote/MTCH.US.md)
- [OXY.US](https://longbridge.com/en/quote/OXY.US.md)
- [TSLA.US](https://longbridge.com/en/quote/TSLA.US.md)
- [LLY.US](https://longbridge.com/en/quote/LLY.US.md)
- [UXSD.SG](https://longbridge.com/en/quote/UXSD.SG.md)
- [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md)
- [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md)
- [NVO.US](https://longbridge.com/en/quote/NVO.US.md)
- [DIS.US](https://longbridge.com/en/quote/DIS.US.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**