S&P 500 Opens 45 Points Above a Record Close, Dow Holds 54,000
As seen on the 24/7 Wall St. homepage on August 5, 2026.
- S&P 500+0.58%
- Dow Jones Industrial Average—
- Nasdaq Composite+0.35%
The S&P 500 opened 45 points above yesterday's record close, and the Dow is defending 54,000 from the bell. Buyers keep paying up for AI-linked earnings, so anyone waiting for a pullback is still waiting.
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The S&P 500 opened at 7,781.51 on Wednesday morning, a gain of 45 points — or about 0.6% — over Tuesday's record close of 7,736.49. The Nasdaq Composite was also in positive territory at the open, adding roughly 0.35%, while the Dow Jones Industrial Average was defending the 54,000 level from the first bell.
The persistent bid reflects continued appetite for stocks tied to artificial intelligence earnings, with buyers willing to pay higher prices rather than wait for a dip that has not materialized. That dynamic has been a recurring theme across recent sessions, keeping the index near or at all-time highs. Anyone positioned on the sidelines for a reset in valuations has largely been left watching the market move without them.
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The immediate thing to watch is whether the opening strength holds through the session or fades as it has on some prior gap-up days. A close near current levels would mark another record for the S&P 500, extending a run that has seen the index climb from around 7,316 at its recent intraday low to nearly 7,782 in the span of roughly two weeks.