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S&P 500 (SPY) $773.26 +0.61% Nasdaq-100 (QQQ) $723.03 +1.17% Dow (DIA) $539.62 +0.27% Russell 2000 (IWM) $301.56 +1.11% 10-Year Treasury (IEF) $93.17 +0.24% Crude Oil (USO) $117.98 −0.75% Gold (GLD) $398.47 +2.26% US Dollar Index (UUP) $28.07 −0.43% Volatility (VXX) $20.32 +0.44% Semiconductors (SMH) $582.70 +1.96% Silver (SLV) $57.50 +2.95% Emerging Markets (EEM) $65.64 +0.95% Bitcoin (BTC) $64,891.61 +0.98% Ethereum (ETH) $1,914.80 +0.65% S&P 500 (SPY) $773.26 +0.61% Nasdaq-100 (QQQ) $723.03 +1.17% Dow (DIA) $539.62 +0.27% Russell 2000 (IWM) $301.56 +1.11% 10-Year Treasury (IEF) $93.17 +0.24% Crude Oil (USO) $117.98 −0.75% Gold (GLD) $398.47 +2.26% US Dollar Index (UUP) $28.07 −0.43% Volatility (VXX) $20.32 +0.44% Semiconductors (SMH) $582.70 +1.96% Silver (SLV) $57.50 +2.95% Emerging Markets (EEM) $65.64 +0.95% Bitcoin (BTC) $64,891.61 +0.98% Ethereum (ETH) $1,914.80 +0.65%
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Market Wrap · August 7, 2026

SpaceX, Palantir, and Rocket Lab Rally on Real Earnings as Broad Friday Gains Continue

August 7, 2026 · Indices, SpaceX (SPCX), Palantir (PLTR), Rocket Lab (RKLB), Tempus AI (TEM)

U.S. equities rose broadly on Friday, August 7. The S&P 500 (SPY) gained 0.61% to $773.26, the Nasdaq-100 (QQQ) rose 1.17% to $723.03, the Dow (DIA) added 0.27% to $539.62, and the Russell 2000 (IWM) rose 1.11% to $301.56. Gold (GLD) jumped 2.26% to $398.47 and silver (SLV) rose 2.95% to $57.50, a sharp move in precious metals with no specific dated catalyst in the coverage available. The volatility-tracking VXX ticked up 0.44% even as equities gained.

SpaceX was the session’s largest mover among names this site tracks, rising 15.83% to $133.11. The stock cleared a widely feared overhang — a post-IPO lockup covering 911.5 million shares expired without triggering the sell-off many investors had braced for — and the rally was reinforced by news of a $16.8 billion joint investment with Tesla in a Texas semiconductor facility, “Terafab,” expected to create at least 3,000 jobs. The move followed Thursday’s 6.14% rebound on the company’s first-ever earnings call as a public company, in which it reported second-quarter revenue of $7.8 billion, up 92% year over year, and $14.1 billion of new cloud contracts signed in the quarter.

Palantir rose 10.32% to $172.01, extending a rally that began with last week’s Q2 print — 93% year-over-year revenue growth and 156% EPS growth — after the company announced a new partnership with Nvidia to build a “sovereign AI” computing stack for governments and enterprises. Motley Fool coverage over the weekend valued the company at roughly $413 billion following Friday’s close, within reach of the $500 billion level near its November record high.

Elsewhere on the tape

Rocket Lab rose 9.46% to $82.83 after its 13th Electron launch of 2026 — deploying a satellite for customer iQPS, the rocket’s 92nd mission overall — coming days after the company secured a $397 million U.S. Space Force contract for its new stackable-satellite platform. Tempus AI, an AEA holding, rose 12.86% to $52.05; as of this writing, no dated news coverage explains the move, and it is noted here as unexplained rather than attributed to a cause we can’t source.

Sources: The Motley Fool, The Motley Fool, The Motley Fool, The Motley Fool. Price data via Massive Market Data. This article is educational and reflects my own analysis; it is not investment advice.