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Nasdaq 26,348 ยท July jobs report due Friday; weak growth expected ‌ ‌ ‌ ‌ ‌
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Stock Mornings
Your weekday pre-market read on US stocks.
Issue #34 ยท Friday, August 7, 2026
Volatility (VIX)  Cautious ยท 15.2  โ–ฒ from 15.1 yesterday
Worth noting  SpaceX (SPCX) moved +6.14% on the day.
S&P 500 and Nasdaq edged lower in cautious trading ahead of Friday's jobs report, which will shape Fed rate-cut expectations.
 
 

โ—  The Numbers

S&P 5007,709.96  -0.18%
+3.66% this week
Nasdaq Composite26,348.35  -0.06%
+4.88% this week
Dow Jones53,885.10  -0.85%
+3.21% this week
Russell 20003,001.55  -0.58%
+1.88% this week

Before the bell: see how Asia, Europe & US futures traded overnight →

โ—  The Movers

Leaders

SPCX SpaceX+6.14%
MSFT Microsoft+2.54%
AAPL Apple+0.45%

Laggards

GOOGL Alphabet-1.29%
^DJI Dow Jones-0.85%
TSLA Tesla-0.63%

The day's best and worst of the tracked indices and mega-caps ยท day-over-day change.

โ—  The Read

S&P 500 โ€” description, not prediction

Trading above both its 50-day (7,489.49) and 200-day (7,044.92) averages โ€” the longer-term trend reads as up. 30-day range 7,316.15โ€“7,736.52; currently in the upper third of that range. RSI(14) 67 โ€” momentum firm.

See where every market sits on the daily page โ†’

โ—  The Brief

 July jobs report due Friday; weak growth expected

Nonfarm payrolls are forecast to rise just 83,000 with unemployment steady at 4.2%. The report will influence whether the Federal Reserve cuts interest rates next month. (CNBC)

 Bond yields likely to stay elevated amid policy uncertainty

Strategists cite lower demand, higher supply, and policy uncertainty as reasons long-term interest rates are rising and may remain higher. This affects borrowing costs across the economy. (MarketWatch)

 Solar stocks rally on Trump tariff extension to polysilicon

Solar companies gained in premarket trading after Trump extended import restrictions to polysilicon products, which may protect domestic solar manufacturers from Chinese competition. (CNBC)

 Optical stocks face China supply-chain risk investors overlook

Beijing controls a critical chokepoint in optical products supply chains that U.S. tariffs alone cannot address, creating a structural challenge for affected companies and investors. (MarketWatch)

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Markets 101

What are pre-market and after-hours?

Trading sessions outside the main 9:30โ€“4:00 window. Prices can move on overnight news, but volume is thin, so those moves sometimes don't hold once the regular session opens.

Hit reply: What's one market term we should explain in a future Markets 101?
A human reads every answer.

Stock Mornings is an educational digest for US readers. Nothing here is financial, investment, tax, or legal advice. Stocks carry risk โ€” you can lose money, and past performance does not predict future results. Some links may be affiliate links; we may earn a commission at no cost to you. Prices via Yahoo Finance, captured shortly before the opening bell.

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