At the close of Aug 10, 2026, the Tadawul All Shares Index(TASI.SA) increased by 0.26%, closing at 10845.58 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) decreased by 0.50%, closing at 21824.46 points.

US stock futures edged higher early Tuesday as investors weighed signs of progress toward reopening the Strait of Hormuz against lingering doubts that the U.S. and Iran can reach a broader resolution to the conflict.

S&P 500 index(SPX.US) futures added 0.14%, while NASDAQ-100(NDX.US) futures rose 0.38%. Futures tied to the Dow Jones Industrial Average(DJI.US) were little changed.

The moves come after the S&P 500 index(SPX.US) finished Monday little changed as uncertainty over the Middle East conflict continued to hang over markets.

Iran has said it is closing in on a deal with Oman to reopen the Strait of Hormuz, but Tehran has continued to resist direct negotiations with the U.S. until several conditions are met.

Iranian Foreign Minister Abbas Araghchi said Sunday there was “no possibility of restarting negotiations” as long as the U.S. continues violating the June memorandum of understanding and does not compensate Iran for those violations, according to the semi-official Tasnim News Agency.

Oil prices jumped Monday as uncertainty over the conflict persisted. West Texas Intermediate crude futures settled 5.1% higher at $82.13 a barrel, while international benchmark Brent crude climbed 5% to $87.72.

Investors will next turn to a key batch of inflation data, with the July consumer price report due Wednesday and the producer price index out Thursday. The readings could prove particularly important after a weak jobs report complicated the Fed’s outlook.

The inflation reports could put the Fed in a difficult position. Higher oil prices are renewing concerns about price pressures just as the sharp slowdown in hiring raises questions about the strength of consumer spending and the broader economy.

Stocks got a boost at the end of last week after the July employment report showed an unexpected contraction in nonfarm payrolls, raising expectations that the Fed could hold interest rates steady for longer. Fed funds futures traders now see roughly a 50% chance of a September rate hike, down from 67% a week earlier, according to CME Group’s FedWatch tool.

“The silver lining of a weaker July labor report is that it likely gives policymakers some breathing room to keep interest rates steady,” said Brent Schutte, CIO at Northwestern Mutual Wealth Management Company. “We’ve seen the Federal Reserve favor the labor side of their mandate repeatedly over the last few years, so despite continued elevated inflation levels it would not be surprising if the Fed were to proceed with caution against hiking interest rates when the last two labor market readings have been somewhat weak.”

On the earnings front, healthcare products company Cardinal Health, Inc.(CAH.US) and sneaker manufacturer On Holding(ONON.US) are slated to report earnings Tuesday morning. Results for CAVA Group, Inc.(CAVA.US), CoreWeave(CRWV.US) and Super Micro Computer, Inc.(SMCI.US) will be out in the afternoon.

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Trump Claims 100% Control of Hormuz

U.S. President Donald Trump stated on August 10, 2026, that the U.S. Navy has fully mine-swept the Strait of Hormuz and now holds 100% control over the strategic waterway. Trump declared the strait open to traffic while noting that U.S. forces will clear any new Iranian mines. He also countered Tehran's demand for war reparations by insisting that Iran pay compensation to the U.S., while Iran maintains the waterway will remain closed until its conditions are met.

Goldman Warns AI Capex Relies on Debt

According to Goldman Sachs research, half of S&P 500 profit growth now relies on AI capital expenditures increasingly funded by debt. Strategists project hyperscalers will cover 35% of 2027 capex through $400 billion in debt. Meanwhile, non-dealer investors net sold a record $21.6 billion in Nasdaq futures during last week's 7.1% rally.

KSA Stocks

Middle East Paper Q2 Profit Surges 192.6%

Middle East Paper Co.(1202.SA) reported a 192.6% year-on-year surge in Q2 2026 net profit to SAR 15.3 million, rebounding from a SAR 2.0 million net loss in Q1. Q2 revenue rose 8.3% to SAR 298.0 million, driven by higher sales volumes, improved average selling prices, and a better product mix. For H1 2026, net profit grew 25.9% to SAR 13.3 million.

Enrollment Growth Drives Al Masar Al Shamil Profit

Al Masar Al Shamil Education Co.(6019.SA) reported a 28.96% year-on-year increase in Q2 2026 net profit to SAR 64.7 million as revenue grew 21.62% to SAR 163.4 million. Earnings were driven by strong enrollment growth across all business units and a higher share of results from NEMA Holding Co. For H1 2026, net profit surged 31.18% to SAR 118.6 million.

Shift in Segment Mix Weakens Consolidated Grunenfelder Margins

Consolidated Grunenfelder Saady Holding Co.(4147.SA) reported a 7.97% year-on-year drop in net profit to SAR 8.5 million for the quarter ending June 30, 2026, despite a 25.8% rise in revenue to SAR 111.0 million. Net profit was impacted by a shift toward lower-margin Stationary Refrigeration sales and a 24.1% decline in Automotive Solutions revenue caused by chassis supply constraints.

Jarir Q2 Net Profit Rises 19%, Declares Dividends

Jarir Marketing Co.(4190.SA) reported a 19.5% year-on-year increase in Q2 2026 net profit to SAR 235.6 million, driven by higher smartphone sales and improved gross margins. The company's board approved a Q2 cash dividend of SAR 240 million, paying SAR 0.20 per share. Shareholder eligibility is set for Aug. 17, with payout scheduled for Aug. 26.

Jarir Marketing Expects Q3 Financial Impact

Jarir Marketing Co.(4190.SA) opened a 99-square-meter showroom at King Fahd International Airport in Dammam on Aug. 10, 2026, marking its 80th location globally and 69th in Saudi Arabia. The SAR 2 million investment is the company's fifth new store opening in 2026. Financial impact will begin showing in Q3 2026 results.

Maharah to Pay H1 Cash Dividend

Maharah Human Resources Co.(1831.SA) board approved a total interim cash dividend of SAR 45.6 million for H1 2026, paying 8 Halalas per share. Shareholder eligibility is set for Aug. 18, with distribution scheduled for Aug. 30, 2026. The company's shares tumbled 8.57% at yesterday's close.

USA Stocks

Riot Jumps 25% on $9.1B AI Deal

Riot Platforms(RIOT.US) secured a 20-year computing power agreement valued at $9.1 billion to provide 191 megawatts of capacity to Anthropic PBC. Under the contract running through June 2048, Riot will supply AI data center capacity from its Rockdale, Texas campus. Following news of the deal, Riot Platforms' shares jumped 25% in extended trading.

Archer Stock Soars 20% on Boeing Deal

Boeing Company(BA.US) agreed to take a minority equity stake in Archer Aviation(ACHR.US), transferring control of its air taxi project Wisk Aero, software provider SkyGrid, and drone maker Insitu to Archer. Following the announcement, Archer Aviation's shares jumped nearly 20% in intraday trading. Boeing will retain rights to use Wisk's autonomous flight technology.

Nvidia Targets 5000B AI Infrastructure Financing

NVIDIA Corporation(NVDA.US) announced a strategic partnership with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR to establish a financing platform aimed at mobilizing over $500 billion for AI infrastructure. Following the news, Nvidia's 5-year credit default swap price rose 5.3 basis points to 77.215 bps amid market concerns over circular deal risks and inflated valuations.

Intel Upsizes Share Sale to 20B

Intel Corporation(INTC.US) is seeking to expand its public share offering to approximately $20 billion, up from an initial $15 billion target, following investor demand exceeding $100 billion. The company plans to price the shares at $95 or higher. An over-allotment option could further increase the total raised, though terms remain subject to finalization.