Stock Market Live August 6: Mostly Positive Earnings Reports Push S&P 500 (VOO) Higher Wednesday
Key Points
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On a quiet day for macroeconomic news, earnings dominate market action Wednesday morning.
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A powerful earnings report and strong guidance from Disney set the tone early — and positive.
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Wednesday Wrap-up
The Vanguard S&P 500 ETF closed at 581.64 Wednesday, up 0.7%.
No Strength in Unity
In (even more) earnings news, Unity Software (NYSE: U), which makes software for 3-D visualization, reported Q2 earnings of $0.18 per share, a nickel better than promised. Revenue for the quarter was $440.9 million, also ahead of expectations, and guidance was pretty close to analyst forecasts for $445.1 million in Q3.
Despite all this good news, Unity stock sank more than 10%. The Voo, on the other hand, is now up 0.7%.
Shopify Delights Investors With Sales Beat
Shopify (Nasdaq: SHOP) reported Q2 revenue of $2.7 billion this morning, ahead of analysts’ forecast $2.55 billion. The company did not break out EPS numbers, but noted that its sales grew 31%, free cash flow expanded 27%, and operating profits rose 21% year over year.
Middleby Flames Out
Earnings news continues to roll in. Next up: Commercial kitchen equipment giant Middleby (Nasdaq: MIDD) earned $2.35 in Q2, six cents better than expected. Revenue came in a bit short at $977.9 million however, and guidance looks weak: $2.04 to $2.19 in Q3 earnings, and revenue ranging from $950 to 975 million, versus a consensus for $971.4 million.
Middleby stock is down 4%, while the Vanguard S&P 500 ETF is now up 0.4%.
This article will be updated throughout the day, so check back often for more daily updates.
The Vanguard S&P 500 ETF (NYSEMKT: VOO) is on a bit of a losing streak. After trading down in five of the past six sessions, the ETF tracking the performance of America’s 500 biggest listed stocks moved higher for only the second time this morning, opening up 0.2%.
The lack of any big (i.e. bad) tariffs news probably helped, and of any negative economics elsewhere in the macroeconomic sphere. Also helping today are strong earnings report coming out of Wall Street.
Earnings Last Night
Multiple S&P 500 component companies reported earnings last night. Among them:
Entertainment giant Fox Corporation (Nasdaq: FOX) earned $1.27 per share in its fiscal Q4 2025, $0.28 better than expected, on revenue of $3.3 billion (versus $3.1 billion expected).
News Corporation (Nasdaq: NWS), however, missed earnings by a penny, reporting $0.19 per share, despite revenue that was slightly ahead of consensus forecasts at $2.1 billion.
Insurance giant Aflac (NYSE: AFL) earned $1.78 in its own Q2, eight centers better than expected. Revenue, however, fell short at $4.2 billion.
Earnings this morning
The earnings cavalcade resumed this morning, with even more S&P 500 components reporting:
Walt Disney (NYSE: DIS) earned $1.61 in its fiscal third quarter, 16 cents ahead of estimates. Revenue was close to the expected $23.7 billion, but just short — $23.65 billion.
Management did guide for better than expected earnings for the full year, predicting adjusted EPS will be $5.85, up 18% over fiscal 2024.
Emerson Electric (NYSE: EMR) beat by a penny with a $1.52 per share profit in its fiscal Q3. As with Disney, revenue fell a bit short at $4.55 billion. Also as with Disney, though, earnings for the year are expected to be ahead of Street forecasts at $6 per share.
Finally, ride-sharing company Uber (NYSE: UBER) beat by a penny with $0.63 per share earned in its Q2 report. Revenue beat expectations at $12.7 billion, and the company guided for better EBITDA and gross bookings in Q3.
Uber stock traded higher pre-market, but turned south almost immediately as trading began — now down more than 1%.
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