Morning Preview: August 10, 2026

Early Look

Monday, August 10, 2026

U.S. futures are mixed as investors weighed developments in the Middle East that could influence the reopening of the Strait of Hormuz. Oil prices are edging higher after climbing late last week, but that didn’t stop U.S. markets from closing at highs last Friday. All three indexes recorded their biggest weekly percentage gains since April last week as the S&P 500 gained 3.58%, the Nasdaq rose 5.19%, and the Dow climbed 2.96%. Gains came on Friday after July nonfarm payrolls data showed a decline of -23,000 jobs versus +80,000 estimate and lower revision from the prior months. The data, while negative for the U.S. economy, trimmed bets the Fed would raise rates in coming meetings amid the struggling jobs market. But with inflation data due mid-week (CPI, PPI for July), markets may not stay comfortable for long. Treasury yields fell across the curve following the weak payroll report and are little changed this morning with the 10-yr at 4.65%. Oil extended gains as traders watched for a deal between Iran and Oman to reopen the Strait of Hormuz, while Houthi militants claimed an attack on a Saudi refinery near the Red Sea. Brent traded above $84 a barrel after climbing more than 5% over the previous three sessions. West Texas Intermediate was near $79. In Asian markets, The Nikkei Index jumped 1,363 points or over 2% to 66,970, the Shanghai Index gained 26 points to 3,966, and the Hang Seng Index advanced 269 points to 25,937. In Europe, the German DAX is up 108 points to 26,427, while the FTSE 100 is down -26 points to 10,874.

• The Dow Jones Industrial Average rose 151.83 points, or 0.28%, to 54,036.93
• The Nasdaq Composite jumped 342.26 points, or 1.30%, to 26,690.62
• The Russell 2000 Index advanced 32.95 points, or 1.10% to 3,034.49

• Earnings After the Close: AAON ACHR ACM ACVA ALC ALMR ALTI APEI ASTS BBIO BKD BKKT BODI BW BZH CATX CCAP CNNE CODI DH DSP EVC GAIA GETY GPRO GUTS HIMS HNRG HPK HROW IHRT JBR JRVR MG NGS NHI NUS PANL PFLT PLBY PLUG QMCO QUBT RKLB RPAY RPD RUM SPG SRFM SVM TCMD TELA UPWK VREX WBTN

• Keybanc Technology Leadership Forum, 8/9-8/11, in Park City
• Needham 11th Annual MedTech & Diagnostics 1×1 Conference 8/10-8/11 (virtual)
• Stifel Biotech Summer Summit, 8/10-8/12, in Newport, RI
• TD Cowen 12th Annual Communications Infrastructure Summit, 8/10-8/11, in Boulder, CO

• Sky News citing Israel PM Netanyahu rejected Pres Trump’s Board of Peace plan for Gaza; Israeli military will not withdraw from the territory until Hamas fully disarms; there will be no Palestinian state in Gaza or the West Bank as long as he is leader.

• Taylor Farms said it was recalling more than a dozen prepared food items containing jalapeños, including salsas and guacamole, from retailers over concerns about potential salmonella contamination. The recall comes as U.S. health authorities investigate a Salmonella outbreak linked to jalapeño peppers imported from Mexico that earlier this week had sickened 345 people across 27 states and led to 36 hospitalizations.

• Critical-mineral stocks moved higher after the White House announced late Friday more than $2B in new mining and mining-related investments, along with more than $180M for mining schools and workforce development. 5E Advanced Materials (FEAM), MP Materials (MP), Energy Fuels, United States Antimony (UAMY), Critical Metals (CRML), USA Rare Earth (USAR) among gainers early.
• Embraer (EMBJ) reported a Q2 net profit of 1.11 billion reais ($218.3 million), up 25% from a year earlier; revenue at the company rose 10% y/y to 11.34 billion reais, a record for the April-June period, while EBITDA increased 30% to 1.81 billion reais.
• Kennametal (KMT) was downgraded to Underweight from Equal-weight at Morgan Stanley, citing expectations that it would underperform short-cycle peers; said the more than 500% surge in tungsten prices since August 2025 could drive a temporary margin benefit as higher raw material costs are passed through to customers faster than costs flow through the business.
• KBR (KBR) said Trinzic, the planned spin-off of its Mission Technology Solutions business, has secured an estimated $208M five-year task order to continue supporting the U.S. Army’s Tactical Aviation and Ground Munitions portfolio.

• Senate Majority Leader John Thune moved to advance legislation that would establish the first comprehensive federal regulatory framework for cryptocurrencies, setting up a key vote when lawmakers return from their August recess. Thune filed Saturday to initiate a procedural vote on the Clarity Act in mid-September. The move could clear the way for a full Senate vote if supporters can assemble the 60 votes needed to advance the legislation.

• Apple (AAPL) is testing memory chips from Chinese semiconductor maker CXMT for use in products including iPhones and MacBooks as the artificial-intelligence boom strains global supplies, The Wall Street Journal reported Sunday. Apple (AAPL) has held preliminary discussions with CXMT about supplying chips for some devices sold in China, the report said.
• ChipMOS Technologies (IMOS) reported July revenue of NT$2.82B ($87.5M), up 11.2% M/M and 43.6% Y/Y; said July revenue was the company’s highest monthly revenue since 2014.
• Hewlett Packard Enterprises (HPE) was upgraded to Overweight at Morgan Stanley calling it their preferred OEM to play the enterprise infrastructure cycle, offering an attractive risk/reward; said their enterprise infrastructure work continues to point to upside across servers, storage, and networking.
• Nvidia (NVDA) plans to invest up to $3B in Lancium, a data center developer backed by Blackstone (BX), The Information reported this weekend.
• RadNet (RDNT) Q2 revenue jumped 25% to a quarterly record of $622.7M, topping consensus of $609.3M; while Q2 adj EPS of $0.29 a share topped the consensus estimate of $0.21; MRI volume increased 21%, CT volume rose 20.9% and PET/CT volume jumped 31%; raised its 2026 outlook for its Imaging Center segment.
• The moratorium on Texas data center grid interconnections declared this week by Governor Greg Abbott places ~20% of the total U.S. data center pipeline at risk of delay, and the longer the pause stays in place, the greater the risk to the state’s data center boom, Bloomberg reported.