Daily Market Recap: August 5, 2026
U.S. equities finished Wednesday, August 5, 2026, mixed, with the Dow and gold catching a strong bid while the Nasdaq and small caps faded into the close. Investors weighed easing oil‑price pressures, elevated AI expectations and…
The S&P 500 (^GSPC) closed at 7,736.52, up 1.79%. The Dow Jones Industrial Average (^DJI) finished at 54,085.88, gaining 1.71%, while the Nasdaq Composite (^IXIC) surged 2.59% to 26,584.99. Small-cap stocks also joined the move, with the Russell 2000 (^RUT) rising 1.85%…
Scott Bessent is betting that America’s inflation problem is about to go from front‑page headline to back‑page footnote just as Kevin Warsh takes the helm at the Federal Reserve—and he sounds almost cheerful about it.
A New Fed Chair, A New Inflation…
Traders on Wall Street like to pretend they are focused on the “decision,” but this week the 25 basis points are just the opening act; the real drama arrives in the footnotes, charts, and carefully hedged adverbs of the Fed’s 2026 guidance.…
