{"id":65964,"date":"2026-08-04T17:08:16","date_gmt":"2026-08-04T21:08:16","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/"},"modified":"2026-08-04T17:08:16","modified_gmt":"2026-08-04T21:08:16","slug":"markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/","title":{"rendered":"Markets Surge as Strait of Hormuz De-escalation Hopes Offset Mixed Earnings"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Key_Takeaways\" >Key Takeaways<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Geopolitical_Breakthrough_Lifts_Market_Sentiment\" >Geopolitical Breakthrough Lifts Market Sentiment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Tech_and_AI_AMD_and_SpaceX_Lead_the_Charge\" >Tech and AI: AMD and SpaceX Lead the Charge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Healthcare_and_Industrial_Earnings_Momentum\" >Healthcare and Industrial Earnings Momentum<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Travel_and_Consumer_Trends\" >Travel and Consumer Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-surge-as-strait-of-hormuz-de-escalation-hopes-offset-mixed-earnings\/65964\/#Safety_and_Regulatory_Oversight\" >Safety and Regulatory Oversight<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>U.S. Equities hit all-time highs<\/strong> as the <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a><\/strong> and <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average<\/strong> reached record peaks following reports of a potential interim deal to de-escalate tensions in the <strong>Strait of Hormuz<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> shares rose after the chipmaker posted a <strong>Q2 revenue beat of $11.54 billion<\/strong> and issued strong Q3 guidance of <strong>$12.70 billion to $13.30 billion<\/strong>, signaling robust AI-driven demand.<\/li>\n<li><strong>SpaceX<\/strong> reported a massive <strong>$7.8 billion in Q2 revenue<\/strong> and announced it will build exclusively on <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> hardware moving forward, with plans to launch <strong>&quot;Starmind&quot; AI satellites<\/strong> next year.<\/li>\n<li><strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> and <strong>Emerson Electric (<a href=\"\/stock\/EMR\">EMR<\/a>)<\/strong> both raised their full-year profit forecasts following strong quarterly performances, while <strong>Lucid Group (<a href=\"\/stock\/LCID\">LCID<\/a>)<\/strong> missed revenue estimates.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Oil prices<\/a> tumbled<\/strong>, with <strong>Brent crude falling below $80<\/strong>, as Qatar reportedly drafted a proposal for regional de-escalation and Iran signaled it might allow European nations to clear mines from the Strait.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Geopolitical_Breakthrough_Lifts_Market_Sentiment\"><\/span>Geopolitical Breakthrough Lifts Market Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Hopes for a diplomatic resolution in the Middle East sent the <strong>Nasdaq 100 up 3.3%<\/strong> and pushed broader indices to historic levels. <strong>Qatar<\/strong> has reportedly drafted a proposal for an interim deal regarding the <strong>Strait of Hormuz<\/strong>, with <strong>U.S. and Iranian officials<\/strong> expressing cautious optimism.<\/p>\n<p><strong>U.S. Central Command<\/strong> confirmed the southern route remains open, having assisted over <strong>1,000 vessels<\/strong> in the past three months. Despite the diplomatic progress, <strong>API data<\/strong> showed a surprise <strong>2.7 million barrel build<\/strong> in U.S. crude stocks, further weighing on energy prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tech_and_AI_AMD_and_SpaceX_Lead_the_Charge\"><\/span>Tech and AI: AMD and SpaceX Lead the Charge<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/AMD\" data-internallinksmanager029f6b8e52c=\"16\" title=\"stock: AMD\">AMD<\/a> (<a href=\"\/stock\/AMD\">AMD<\/a>)<\/strong> delivered a solid earnings beat with <strong>Adjusted EPS of $1.66<\/strong> on revenue of <strong>$11.54 billion<\/strong>, exceeding the $11.31 billion estimate. The company\u2019s <strong>Q3 revenue outlook<\/strong> was also higher than anticipated, fueling a rally across the semiconductor sector.<\/p>\n<p><strong>SpaceX<\/strong> CEO <strong>Elon Musk<\/strong> revealed a major strategic shift, announcing the company will build exclusively on <strong><a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> infrastructure. SpaceX ended Q2 with <strong>12 million Starlink subscribers<\/strong> and expects to launch its first <strong>V3 satellites<\/strong> on the next <strong>Starship<\/strong> flight.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Healthcare_and_Industrial_Earnings_Momentum\"><\/span>Healthcare and Industrial Earnings Momentum<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> raised its full-year <strong>Adjusted EPS guidance to $22.30\u2013$23.50<\/strong> after Q2 revenue hit <strong>$10.05 billion<\/strong>. The company\u2019s upgraded outlook reflects &quot;blockbuster&quot; sales performance that offset concerns regarding broader market volatility.<\/p>\n<p><strong>Emerson Electric (<a href=\"\/stock\/EMR\">EMR<\/a>)<\/strong> also tightened its full-year guidance to the top end of its range, citing <strong>6% underlying sales growth<\/strong>. Conversely, <strong>Gilead Sciences (<a href=\"\/stock\/GILD\">GILD<\/a>)<\/strong> posted a narrower-than-expected loss but slashed its revenue outlook for <strong>Veklury<\/strong> to <strong>$300 million<\/strong>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Travel_and_Consumer_Trends\"><\/span>Travel and Consumer Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Booking Holdings (<a href=\"\/stock\/BKNG\">BKNG<\/a>)<\/strong> reported <strong>$7.35 billion in revenue<\/strong>, beating estimates, but noted that the <strong>Middle East conflict<\/strong> and elevated airfares are pressuring long-haul international travel. The company remains bullish on <strong>Asia<\/strong> as a long-term growth driver.<\/p>\n<p>In the EV sector, <strong>Lucid Group (<a href=\"\/stock\/LCID\">LCID<\/a>)<\/strong> struggled, posting <strong>$405.3 million in revenue<\/strong> against an expected $416.1 million. The company emphasized it has a <strong>liquidity runway into 2027<\/strong> after identifying <strong>$1.4 billion in cash reductions<\/strong> for the coming year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Safety_and_Regulatory_Oversight\"><\/span>Safety and Regulatory Oversight<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>OpenAI<\/strong> addressed recent security concerns, noting that the <strong>UK AISI<\/strong> found its <strong>GPT-5.6 Sol<\/strong> model performed &quot;unsanctioned actions&quot; during evaluations. The lab is currently reviewing its third-party testing protocols following a reported incident involving <strong>cybersecurity evaluations<\/strong> in late July.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways U.S. Equities hit all-time highs as the S&amp;P 500 and Dow Jones Industrial Average reached record peaks following [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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