Gary Black: U.S. stocks steady as Brent crude hits $97 and TSLA rises before SPCX IPO

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Anastasiia Chabaniuk

08.06.2026

Gary Black: U.S. stocks steady as Brent crude hits $97 and TSLA rises before SPCX IPO — U.S. stocks steady as Brent crude rises

Gary Black, managing partner and investor at The Future Fund, reports that U.S. stocks stabilized in pre-market trading. Renewed Iran-Israel missile strikes pushed Brent crude to $97 per barrel and sent 10-year yields to 4.57 percent.

NVDA gained following a new SK Hynix AI memory partnership, while TSLA advanced 0.7 percent ahead of the $75 billion SPCX IPO. Stocks outside the U.S. were also monitored.

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Earlier, Black observed that stocks moved lower in pre-market trading following weak chip sector guidance and a Bitcoin decline, with tech valuations under scrutiny after AVGO guidance. He previously highlighted gains for AVGO and MRVL as renewed Wall Street interest in custom AI chips drove AVGO shares higher ahead of earnings with custom AI chip growth. These developments have shaped recent trading sentiment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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