{"id":578144,"date":"2026-08-08T02:20:09","date_gmt":"2026-08-08T02:20:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/578144\/"},"modified":"2026-08-08T02:20:09","modified_gmt":"2026-08-08T02:20:09","slug":"stock-market-today-aug-7-markets-rally-on-jobs-shock-and-atlassian-surges-35","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/578144\/","title":{"rendered":"Stock Market Today, Aug. 7: Markets Rally on Jobs Shock and Atlassian Surges 35%"},"content":{"rendered":"\n

The S&P 500<\/a> (SNPINDEX:^GSPC) gained 0.62% to 7,758 to reach a record high. The Nasdaq<\/a> 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. <\/p>\n

Gold prices climbed 2.31% to $4,339.11 as of U.S. market close, and the 10-Year Treasury yield fell 0.03% to 4.65%. Communication services and energy were the only sectors to drop, while industrials and basic materials led the gainers. <\/p>\n

Today’s biggest moves <\/p>\n

Atlassian soared 35%, and Twilio gained 25% on robust quarterly results. Airbnb surged after an earnings beat while Trade Desk tumbled on disappointing earnings. Meanwhile, Papa John’s International extended its losses after analysts downgraded the stock following yesterday’s guidance cut. <\/p>\n

What this means for investors <\/p>\n

Today’s jobs data gave markets a boost, as surprise figures showed employers cut jobs in July. Nonfarm payrolls fell by 23,000, and unemployment fell to 4.1%. A weaker-than-expected jobs market means the Federal Reserve is more likely to hold interest rates steady in September, making traders less risk-averse. <\/p>\n

After yesterday’s sell-off in software stocks, today’s earnings tell a more nuanced story: Both Atlassian and Twilio posted dramatic gains on the back of impressive earnings. Investors seem to be looking at how artificial intelligence (AI) is impacting demand for each firms’ services and rewarding those who are turning the new technology to their advantage. <\/p>\n

Meanwhile, the Bank of America bull-and-bear indicator rose from 9.4 to 9.7 \u2014 the highest it has been since 2021. Its analysts warn that this extreme bullishness means it is time for investors to pull back from high-risk assets and rotate into more defensive investments. <\/p>\n

Should you buy stock in S&P 500 Index right now? <\/p>\n

Before you buy stock in S&P 500 Index, consider this: <\/p>\n

The Motley Fool Stock Advisor analyst team just identified what they believe are the\u00a010 best stocks<\/a> for investors to buy now\u2026 and S&P 500 Index wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. <\/p>\n

Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $397,405!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,344,091!* <\/p>\n

Now, it’s worth noting\u00a0Stock Advisor’s total average return is 953% \u2014 a market-crushing outperformance compared to 214% for the S&P 500.\u00a0Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built by individual investors for individual investors. <\/p>\n","protected":false},"excerpt":{"rendered":"The S&P 500 (SNPINDEX:^GSPC) gained 0.62% to 7,758 to reach a record high. The Nasdaq Composite (NASDAQINDEX:^IXIC) rose…\n","protected":false},"author":2,"featured_media":578145,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[42,1008,43,146480,40,38,41,39,197581],"class_list":["post-578144","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-nasdaq-composite","tag-news","tag-nonfarm-payrolls","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-twilio"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/578144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=578144"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/578144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/578145"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=578144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=578144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=578144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}