Stocks Slip at Midday as Chip Selloff Weighs; Gold Surges to Record
Hyperdash NewsMacroUS stocks were lower at midday as a pullback in chipmakers led by AMD dragged on the Nasdaq. The S&P 500 held near flat while Gold jumped to a record. Treasury yields edged higher and the dollar eased.
Scoreboard
- S&P 500 7,736 (-0.01%)
- Euro Stoxx 50 6,478 (-0.14%)
- Nikkei 225 66,300 (+3.66%)
- Gold 4,316 (+3.95%)
- WTI 75.08 (-0.91%)
- US 10Y 4.635% (+1bp)
- DXY 99.7500 (-0.11%)
- Bitcoin 64,467 (+0.59%)
- VIX 16.19 (-1.88%)
- DE 10Y 3.111% (+0bp)
The Nasdaq edged lower, led by declines in semiconductor shares after AMD sank following earnings and CEO Lisa Su brushed off Elon Musk's Nvidia commitment. The S&P 500 traded flat at 7,736, off -0.01%. Gold jumped +3.95% to 4,316 as buyers sought havens. WTI moved lower by -0.91% and Brent edged down, pressured by Strait of Hormuz shipping negotiations. Minneapolis Fed President Neel Kashkari's remarks on rates drew attention. Overseas, the Nikkei 225 jumped +3.66%, the standout equity gainer, while the Euro Stoxx 50 was flat. Bitcoin edged up to 64,467.
Key headlines
- Michael Burry Warns of Possible 1987-Type Market Crash Amid S&P 500 Rally
- Nasdaq Dips as AMD Leads Chip Sector Pullback
- Gold Surges 4.50% to $4,255, Adding $1.3 Trillion to Market Cap
- Lucid stock plunges as EV maker begins 'operational reset,' delays midsize vehicle
The takeaway
Gold's surge to a record, adding to its market value, alongside a flat equity tape marks a notable divergence. The move higher in a haven asset even as stocks hold near records suggests investors are hedging exposure rather than exiting, a pattern that has accompanied much of this year's rally.
Attention turns to further Fed commentary after Kashkari's remarks and to whether the chip selloff deepens into the afternoon. Traders will watch the Strait of Hormuz shipping talks for direction on Crude, along with any follow-through in Gold and moves in Treasury yields ahead of the close.
View the S&P 500 chart and data on Hyperdash
Frequently asked questions: August 5, 2026
What happened in the markets today?
US stocks were lower at midday, with the S&P 500 flat at 7,736 and the Nasdaq down -0.27% on a chip selloff, while Gold jumped +3.95% to a record 4,316.
Did the stock market go up or down today?
Stocks were down at midday. The S&P 500 slipped -0.01% to 7,736 and the Nasdaq edged lower by -0.27%, pressured by a pullback in semiconductor shares.
Why did markets move today?
A pullback in chipmakers led by AMD weighed on the Nasdaq after earnings, while Gold jumped +3.95% on haven demand. Fed remarks from Neel Kashkari and Strait of Hormuz shipping talks also drove trading.
How did the S&P 500 do today?
The S&P 500 traded flat at 7,736, down -0.01% at midday, as declines in chipmakers offset gains elsewhere.
What did the dollar and Treasury yields do today?
The dollar eased, with the DXY down -0.11% to 99.7500, while the US 10-year Treasury yield rose +1bp to 4.635%.
Where can I track live market data across asset classes?
Hyperdash shows real-time prices, charts and positioning for equities like the S&P 500, commodities like Gold and crypto like Bitcoin, all in one dashboard.
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