S&P 500 Slips 0.3% as the Dow Drops 382 Points at the Close

As seen on the 24/7 Wall St. homepage on August 6, 2026.

CLOSING BELL

U.S. Markets

Aug 6, 4:00pm ET

S&P 500-0.27%
Dow Jones Industrial Average-0.70%
Nasdaq Composite+0.07%

The Dow gave up 382 points while the Nasdaq still finished green, a sign of a hard rotation out of old-economy names. If you own industrials or energy-sensitive cyclicals, today was worse for you than the headline indexes suggest.

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The S&P 500 finished at 7,702.42, down 21 points from its previous close of 7,723.42 — a modest headline number that understates the day's damage in several corners of the market. The Dow Jones Industrial Average fell 0.7%, shedding 382 points, while the Nasdaq Composite actually edged higher by 0.07%, closing in the green.

That split tells the real story of the session: money moved away from old-economy names and toward the technology-heavy Nasdaq. Industrials and energy-sensitive cyclicals bore the brunt of the selling, meaning investors concentrated in those sectors experienced a meaningfully worse day than the broad S&P 500 decline implies.

Related Market Updates

Artificial Analysis @artificialanlys

2:06pm ET

Meta Superintelligence Labs' first speech-to-text model tops an independent accuracy benchmark, arriving right as Google pushes Gemini 3.5 Transcribe. Voice is the next front in the AI capex race.

Meta has released Muse Voice Transcribe, taking the #1 spot for Final Transcript accuracy on AA-WER Streaming with 3.1% WER at 0.16s after end of speech Muse Voice Transcribe is the first streaming Speech to Text model developed by Meta Superintelligence Labs. Meta states that https://t.co/unTQQNP5t3

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MIDDAY

U.S. Markets

12:00pm ET

S&P 500-0.33%
Dow Jones Industrial Average-0.14%
Nasdaq Composite-0.78%

Tech is carrying the whole decline at midday: the Nasdaq is off 0.78% while the Dow gives up just 0.14%, a gap that says rate-sensitive growth names are the ones repricing. If Fed hike odds keep firming, that spread is where the damage shows up first.

CLOSING BELL

Europe

11:35am ET

🇬🇧 FTSE 100-0.22%
🇩🇪 DAX-2.28%
🇫🇷 CAC 40-1.25%

UK-heavy exposure just outperformed the continent by a wide margin on day one of September, with the DAX shedding 2.28% against a 0.22% dip for the FTSE 100.

Elon Musk @elonmusk Quote post

11:13am ET

Musk told the G20 that electricity is AI's binding constraint, citing a 15 gigawatt shortfall by 2027. That math points at turbine makers, grid builders and power producers.

Summary of my G20 address https://t.co/Po5nebWKM2 [Quoted @cb_doge]: Grok Bot Summary of Elon Musk’s G20 Address Today 🇺🇸 Power, data centers, and the bottleneck - There’s already a power crisis for AI, not a far-off one. - Consensus he cited: at least a 15 gigawatt shortfall of power in 2027 for AI chips. - AI chip production is rising ~40–50% https://t.co/xlENhbcw2H

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GPRO GoPro

Regular session

10:40am ET

$1.59

+18.15% open $1.35

An 18% intraday jump to $1.595 follows this morning's merger press release, and on a $229.5 million market cap moves like this land fast. Sub-$2 shares mean every headline swings the whole story.

MARKET OPEN

U.S. Markets

9:30am ET

S&P 500-0.63%
Dow Jones Industrial Average-0.40%
Nasdaq Composite—

Stocks opened September on the back foot, with the S&P 500 shedding 48 points as rising global bond yields reprice what equities are worth. Barclays now expects two more Fed hikes this year, so rate-sensitive names carry the most risk into this week.

IPO PRICED

Advance JV Group Ltd

8:04am ET

$2 / share

$5M raise 2,500,000 shares

Advance JV Group prices IPO at $2, a $5 million raise

Advance JV Group priced its IPO at $2 a share, raising just $5 million on 2.5 million shares. Micro-float deals this small trade on almost no liquidity, so the first session tends to swing hard in both directions.

CLOSING BELL

Asia

4:00am ET

🇭🇰 Hang Seng-0.98%
🇨🇳 SSE Composite-0.16%

Hong Kong took the brunt of the China growth worry today, closing 0.98% lower while mainland shares barely moved. That gap is where traders are pricing the odds of fresh Beijing stimulus.

WB Weibo

Aug 31, 6:00pm ET

New 52-week low $6.83 -2.1% vs prior low · 2026-08-27

Weibo marked a new 52-week low at $6.83, and each fresh floor is arriving faster than the last.

Biggest movers · At the close Aug 31, 4:10pm ET

Gainers

GPROGoPro$0.86+43.5%
TSLATesla$368.39+5.6%
SNDKSanDisk$1,562.46+5.2%
IRENIren$37.09+4.6%
ULTAUlta Beauty$537.5+3.9%

Losers

TTWOTake-Two Interactive$220.06-6.5%
AXONAxon Enterprise$568.95-5.3%
LYFTLyft$16.86-4.7%
AFRMAffirm$74.35-4.4%
UBERUber$75.6-4.1%

GoPro closed up 43% at 86 cents, a sub-dollar stock swinging harder than anything else in the 111-name priority list. Tesla and SanDisk added better than 5%, while Take-Two led the decliners at 6.5% lower.

THE IPO WIRE

Wella Co WELA · NYSE

Aug 31, 4:04pm ET

Wella files for NYSE IPO with an 18-bank syndicate

The KKR-backed hair care giant filed its S-1 to list on the NYSE, lining up 18 underwriters led by Goldman Sachs, BofA and J.P. Morgan. A syndicate that size signals a large deal, and terms have not been set yet, so the price range is the next thing to watch.

CLOSING BELL

U.S. Markets

Aug 31, 4:00pm ET

S&P 500-0.26%
Dow Jones Industrial Average-0.59%
Nasdaq Composite-0.29%

The Dow gave up 316 points, more than double the S&P 500's percentage loss, concentrating the selling in old-economy names. Blue chip holders felt this close the hardest.