Stock Market Update Friday August 7, 2026 U.S. equities finished the week on a strong note, with the S&P 500 and Nasdaq Composite closing at fresh record highs after a significantly weaker-than-expected labor-market report. According to the Bureau of Labor Statistics, the U.S. economy shed 23,000 nonfarm jobs in July, reinforcing signs of a cooling labor market. Investors viewed the report as bullish for equities, as weaker employment could give the Federal Reserve greater flexibility to maintain a more accommodative policy stance. Lower Treasury yields and a weaker dollar also supported risk assets.
Away From Stocks: The 10-year Treasury yield ended near 4.64%, down 3 basis points for the week, while crude oil finished around $77. The Dollar Index (DXY) fell to 99.50, supporting commodities. Gold surged approximately $300 to $4,400, breaking above its recent consolidation range and reinforcing its bullish trend. Meanwhile, the VIX dropped below 15 to its lowest level since January, signaling a sharp improvement in investor risk appetite.
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