Stock Market Today, Aug. 7: Markets Rally on Jobs Shock and Atlassian Surges 35%
Stock markets reached record highs as weak July jobs data fueled investor optimism that the Federal Reserve will hold interest rates steady. Tech companies like Atlassian and Twilio saw significant gains following strong earnings reports.
Why it matters
Market reactions to employment data and corporate earnings provide insight into the current health of the US economy and investor sentiment regarding AI-driven growth.
Emma Newbery, The Motley Fool Fri, August 7, 2026 at 5:38 PM EDT 3 min read TEAM +35.31% PZZA -0.69% ^GSPC +0.62% ^DJI +0.28% TWLO +24.89% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
The S&P 500 (SNPINDEX:^GSPC) gained 0.62% to 7,758 to reach a record high. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.30% to 26,691 and the Dow Jones Industrial Average (DJINDICES:^DJI) climbed 0.28% to 54,037 as a surprising contraction in July payrolls fueled interest rate optimism.
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