Nasdaq heading lower on earnings falls for AppLovin, Western Digital and SanDisk

Nasdaq heading lower on earnings falls for AppLovin, Western Digital and SanDisk Published: 08:12 06 Aug 2026 EDT Wall Street was predicted to see a mixed open on Thursday, as another batch of technology earnings undermines confidence and apparent progress towards an Iran deal raises fears of yet another false dawn. Dow Jones futures were up 57 points, or 0.1%, with the blue-chip index on course to build on the previous session's record close. S&P 500 futures have edged 0.1% higher, while Nasdaq futures were down 0.6%. AppLovin, Western Digital and SanDisk were leading the pre-market declines, falling almost 19%, 15% and 10%, respectively, after reporting overnight . Bucking the trend, eBay was up 1.4%. This comes off the back of a mixed midweek session, when the Dow rose 0.5%, but the S&P 500 slipped 0.2% and the Nasdaq fell 0.8%, ending a four-day winning streak. Investors are also weighing tentative progress over the Strait of Hormuz, where an agreement has been agreed between Iran and Oman. Pakistan said it hoped this would help restart technical talks between Washington and Tehran. Tehran said the deal was close to completion, but some Iranian sources rejected Donald Trump’s claim that an agreement was imminent and said important details remained unresolved, with questions remaining over control of shipping and Tehran’s demand for the US blockade of Iranian ports to be lifted. Oil prices were moving higher despite the diplomatic signals, with West Texas Intermediate crude up 1.3% at $76.20 a barrel, suggesting traders remain wary of placing too much faith in the latest round of optimism. Today’s economic data includes initial jobless claims, second-quarter productivity, unit labour costs and wholesale trade figures. Market analyst Kathleen Brooks at XTB said the market could be a bit "directionless" as we l...