Stock Market Today: Dow Jones, S&P 500 Futures Gain Following Trump Comments Saying 'Market Will Go Up'— AVGO, SNOW, HPE, LULU in Focus

U.S. stock futures advanced on Thursday, as the Dow Jones, S&P 500, and Nasdaq 100 indices rose, following Wednesday’s higher close.

President Donald Trump predicted Wednesday that the stock market will continue moving higher despite the ongoing war in Iran and oil price volatility, dismissing concerns while noting the market keeps “hitting new records every day.” He added, "Believe it or not, the stock market will go up.”

Trump also sparked domestic backlash by suggesting the Strait of Hormuz be renamed to "TRUMP STRAIT." Sen. Bernie Sanders (I-Vt.) criticized the move, calling Trump a "mad king.”

Meanwhile, the 10-year Treasury bond yielded 4.76%, and the two-year bond was at 4.35%. The CME Group’s FedWatch tool projections show markets pricing in a 60.2% likelihood of the Federal Reserve hiking interest rates at its September meeting.

Index	Performance (+/-)
Dow Jones	0.25%
S&P 500	0.14%
Nasdaq 100	0.15%
Russell 2000	-0.05%

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were higher in premarket on Thursday. The SPY was up 0.089% at $765,84, while the QQQ declined by 0.14% to $710,22.

Stocks In Focus

Broadcom

• Broadcom Inc. (NASDAQ:AVGO) was 2.41% lower in premarket on Thursday as it reported better-than-expected financial results for the third quarter of fiscal 2026, but issued weak guidance for the fourth quarter.

• Benzinga’s Edge Stock Rankings indicate that AVGO maintains a weak price trend in the short and medium terms but a strong trend in the long term, with a good quality score.

Snowflake

• Snowflake Inc. (NYSE:SNOW) surged 23.42% as it posted upbeat financial results for the second quarter.

• Benzinga’s Edge Stock Rankings indicate that SNOW maintains a strong price trend in the long, short, and medium terms.

Hewlett Packard Enterprise

• Hewlett Packard Enterprise Co. (NYSE:HPE) declined by 4.90% despite beating fiscal 2026 third-quarter results. It also raised its fiscal 2026 adjusted EPS guidance to between $3.75 and $3.85, versus the $3.43 analyst estimate, and raised its revenue outlook to between $45.96 billion and $46.99 billion, versus the $44.94 billion estimate.

• Benzinga’s Edge Stock Rankings indicate that HPE maintains a strong price trend in the short, long, and medium terms, with a poor growth score.

Netskope

• Netskope Inc. (NASDAQ:NTSK) rose 10.47% as its second-quarter revenue grew 29% year-over-year to $220.5 million, with gross margin rising to 74%, driven by both new and existing customers. However, net loss widened to $110.8 million due to higher operating expenses and IPO-related stock compensation.

• Benzinga’s Edge Stock Rankings indicate that NTSK maintains a weak price trend in the long term but a strong trend in the short and medium terms.

Lululemon Athletica

• Lululemon Athletica Inc. (NASDAQ:LULU) was 0.50% higher as analysts expect it to post quarterly earnings of $1.79 per share on revenue of $2.46 billion after the closing bell.

• Benzinga’s Edge Stock Rankings indicate that LULU maintains a weak price trend in the short, long, and medium terms, with a value quality score.

Cues From Last Session

Most sectors on the S&P 500 closed on a positive note, with communication services, materials and health care stocks recording the biggest gains on Wednesday. However, real estate stocks bucked the overall market trend, closing the session lower.

Index	Performance (+/-)	Value
Dow Jones	0.56%	53.061,95
S&P 500	0.46%	7.666,60
Nasdaq Composite	0.45%	26.217,83
Russell 2000	1.13%	2.953,17

Insights From Analysts

Edward Jones strategist Angelo Kourkafas expects the U.S. stock market and economy to face near-term volatility while remaining anchored by strong underlying fundamentals. Although rising bond yields, geopolitical conflicts, and typical seasonal headwinds present challenges, he sees resilience in economic activity.

Regarding market performance, Kourkafas emphasizes that historical September weakness should not cause panic, noting, “Underlying fundamentals remain constructive, in our view.”

He points to solid third-quarter U.S. economic activity, robust corporate earnings growth, and ongoing AI spending as key drivers sustaining the broader market uptrend.

However, monetary policy remains a focal point. With interest rates in flux following hawkish Federal Reserve commentary, Kourkafas highlights the critical nature of upcoming economic data.

He notes that “Friday’s employment report, and perhaps even more importantly next week’s inflation data, will play a significant role in determining whether policymakers decide to raise rates in September.”

Ultimately, Kourkafas expects that accommodative financial conditions and tight credit spreads will help investors navigate temporary political and seasonal uncertainty, keeping the long-term outlook positive.

Upcoming Economic Data

Here’s what investors will be keeping an eye on Thursday.

• Initial jobless claims for the week ending Aug. 29, July’s U.S. trade balance data, and Federal Reserve Governor Christopher Waller‘s remarks at the Reuters NEXT Newsmaker Interview will all be released by 8:30 a.m. ET.

• August’s flash S&P U.S. services PMI will be out by 9:45 a.m., August’s ISM services PMI will be released by 10:00 a.m., and Cleveland Fed President Beth Hammack alongside Chicago Fed President Austan Goolsbee will deliver special remarks at the ‘Connecting Communities’ online event at 3:00 p.m. ET.

Commodities, Crypto, And Global Equity Markets

Crude Oil WTI futures were trading lower in the early New York session by 0.34% to hover around $90.70 per barrel.

Gold Spot US Dollar rose 1.17% to hover around $4,439.36 per ounce. The U.S. Dollar Index spot was 0.31% lower at the 99.2900 level.

Meanwhile, Bitcoin (CRYPTO: BTC) was trading 1.10% higher at $77,923.00 per coin over the last 24 hours.

Asian markets were mixed on Thursday as South Korea’s Kospi, China’s CSI 300, Australia’s ASX 200, and India’s Nifty 50 indices rose. Hong Kong’s Hang Seng and Japan’s Nikkei 225 indices fell. European markets were also mixed in early trading.

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