S&P 500 Gaps 55 Points Higher at the Open, Topping 7,650
As seen on the 24/7 Wall St. homepage on August 4, 2026.
- S&P 500+0.72%
- Dow Jones Industrial Average—
- Nasdaq Composite—
A 55-point gap higher at the open puts the S&P 500 back above 7,650, and buyers are paying up for AI earnings winners rather than waiting for a pullback. Anyone holding cash for a better entry is starting the day behind.
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The S&P 500 opened Tuesday with a 55-point jump, lifting the index to 7,655 after closing the prior session at 7,600. The 0.72% gain means the index has now recovered sharply from the recent intraday low of 7,316 seen earlier in the recent stretch, retracing most of that ground in just a handful of sessions.
The move is being driven by buyers chasing AI earnings winners rather than waiting for a dip that has not arrived. That dynamic puts cash-heavy investors in an uncomfortable spot at the open — every session spent on the sidelines while the market gaps higher increases the cost of getting back in.
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The prior close of 7,600 had itself followed a strong two-day run, so this morning's gap extends what has been a swift recovery. Whether the index can hold above 7,650 through the session will be the key level to watch as the day develops.