Stock Market Today, Aug. 7: Markets Rally on Jobs Shock and Atlassian Surges 35%
Today, Aug. 7, 2026, July payrolls fell unexpectedly, fueling investor optimism for lower interest rates and boosting major indexes.
Overview
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.
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.
Details
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.
Source
Originally published at www.fool.com.