Markets, explained.

Hormuz Diplomatic Breakthrough Sends Oil Sliding, Stocks to Record Highs

A 60-day interim accord to reopen the Strait of Hormuz could be announced within hours. Brent has fallen below $79 for three straight sessions while the S&P 500 and Dow hit all-time highs — but the deal is narrow, temporary, and leaves 2.6 billion barrels of lost supply unreplaced.

Market Pulse: Dow Records, Hormuz Diplomacy, and the AI Capex Reckoning

The S&P 500 and Dow hover at all-time highs as Strait of Hormuz diplomacy and Eli Lilly's guidance hike offset a rough morning for AI infrastructure stocks — SpaceX fell 8% on its maiden earnings, AMD beat and dropped 6%, and Alphabet slid 4%.

SpaceX's Lockup Expires Tomorrow: 912 Million Insider Shares Meet the Market

SpaceX's first post-IPO lockup expires August 6, unlocking up to 911.5 million Class A shares — more than the 639 million sold at IPO. The float could roughly quadruple just two days after the company's debut earnings report, and the supply test will run for months.

Oil Crashes on Hormuz Deal Hype While the US-China Tech War Escalates

Record Highs Meet Pre-Market Cracks: AI Earnings and Hormuz Hopes Power the Tape

The S&P 500 and Dow closed at fresh record highs on AI-driven earnings from Palantir, AMD, and Caterpillar, amplified by plunging oil prices on Strait of Hormuz deal hopes. But pre-market cracks — a semiconductor pullback, SpaceX's capex scare, and consumer sentiment at 49.5 — test whether the breakout has legs.

SpaceX's 911-Million-Share Unlock Tests the IPO Market's Plumbing

On August 6, roughly 911 million SpaceX shares become eligible to sell, tripling the float on a stock already below its IPO price. It is the first major lockup test of a year that has produced $700 billion in US equity issuance.

Hormuz Deal Hopes Crash Oil, Send Equities to Records — While Iran Denies the Talks Are Happening

Bessent's signal that a Hormuz reopening deal could come within 24 hours crashed oil 6% and pushed the Dow above 54,000 for the first time. But Iran denies the talks exist, a tanker was struck near the strait on the same day, and a June 17 MOU to reopen Hormuz already collapsed once. The relief trade may be running ahead of the diplomacy.

Nasdaq's 3.4% Surge Is the Cleanest Tell in a Record-Setting Tape

The S&P 500 and Dow closed at record highs on Tuesday as Treasury Secretary Bessent signaled a Hormuz reopening deal could come within days, oil prices fell 5%, and earnings from Palantir and Caterpillar crushed estimates. But SpaceX's first public earnings exposed the tension between AI revenue and AI capex after hours.

SpaceX's $116 Billion Supply Wall Meets a Reopening IPO Window

Roughly 911 million SpaceX shares unlock August 6 just as the broader market reopens for new issuance — Prologis prices a $2.1 billion equity raise, Attovia upsizes its biotech IPO 45%, and Citadel Securities says the summer technical reset is largely behind us.

The Hormuz Disconnect: Record-High Markets Bet on a Deal Iran Denies

The S&P 500 and Dow closed at record highs while Brent crude fell 7.5% on hopes for a Hormuz deal — but Iran denies negotiating with the U.S., physical tanker traffic remains at a tenth of pre-war levels, and Goldman Sachs warns the worst case is $120 oil.

Two-Legged Rally: Palantir's Blowout and a Hormuz Signal Send the Nasdaq Up 3.4% to a Record Session

The Nasdaq surged 3.4% as the S&P 500 and Dow hit fresh record highs on Tuesday, powered by Palantir's 29% blowout and a Hormuz deal signal that sent oil plunging 5%. Two legs: earnings and energy disinflation.

The IPO Window Reopens Into a Rewired Market

Eight IPOs price this week led by biotech, but Jersey Mike's broken debut signals selective demand — even as the SEC rewires Reg NMS and overnight trading rules and Prologis raises $2.1B in a concurrent secondary.