As of Thursday, August 6, 2026 (4:00 PM ET close), the S&P 500 closed at 7,709.96 (per public.com realtime index print), down -0.18% on the session versus Wednesday's 7,723.55 yfinance close. The Thursday tape was pre-Jobs-Report de-risking + an oil bid on two-sided Iran/Hormuz news + quiet megacap-tech digestion — QQQ -0.38%, XLK -0.31%, IWM -0.64% gave back small portions of the week's gains ahead of Friday's July Employment Summary (8:30 AM ET, consensus ~+110K). Energy led (XLE +1.45%; USO +4.23% to $119.51) after Iranian state news published a draft plan with restrictive conditions for Strait of Hormuz ship traffic (per CNBC) — even as Bloomberg reported an Iran-Oman partial-reopening agreement is in final stages. The AI capex durability thesis is intact across five mega-cap Q2 bars (TSMC, MSFT, AMZN, Palantir, AMD). The 1-month 7,800 target is +1.17% above today's close; 3-month 7,900 is +2.46% above.