Weekly US Stock Market Summary
U.S. stocks logged a second consecutive week of gains, with major benchmarks setting fresh record highs. The S&P 500 climbed 3.6% to close at 7,757.64, while the Nasdaq Composite surged 5.2% and the Dow Jones Industrial Average added over 2%.
Friday’s July Nonfarm Payrolls report revealed a surprise cut of 23,000 jobs (versus expectations of an 80,000 gain). Rather than sparking growth fears, the cooling labor market pushed 10-year Treasury yields down to 4.64%, reassuring investors that the Federal Reserve can hold off on further rate hikes.
Q2 earnings season delivered its strongest profit growth since 2021, with nearly 90% of S&P 500 companies reporting and overall growth tracking near 50%. Technology heavyweights like Nvidia and Broadcom spearheaded the weekly surge, while Airbnb surged 17% following a top-line earnings beat.
As markets enter the weekend, investor sentiment remains firmly constructive. Equity futures hold near all-time highs following Friday's dovish economic print. Meanwhile, Brent Crude settled at $83.55/bbl, as traders continue monitoring talks aimed at fully reopening the Strait of Hormuz.
What to Look For This Week (Aug 10–14)
July CPI Report: The primary catalyst will be Wednesday’s Consumer Price Index print, with consensus expecting an annual rate of 3.4%. Investors will assess whether headline inflation is cooling enough to match the softer labor data.
PPI & Retail Sales: Producer price and consumer spending data later in the week will offer further clues on corporate profit margins and household resilience.
Final Q2 Earnings: Final Q2 reports from retail and growth sectors will wrap up the reporting cycle.
That is all I could summarise about what happened in the stock market last week. Have a great weekend!
$VOOV (Vanguard S&P 500 Value ETF)... Show More
Not investment advice. The author may have financial interests in the mentioned instruments.
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Sun Sep 06 2026 20:24:35 GMT+0000 (Coordinated Universal Time)
