Stocks Climb, Gold Jumps and the Dollar Slips After Soft Jobs Report
Hyperdash NewsMacroUS stocks closed higher Friday, with the S&P 500 up +0.62% to 7,758 and the Nasdaq up +1.30%, after a softer-than-expected jobs report cooled expectations for a Federal Reserve rate hike in September. Gold jumped and the dollar edged lower.
Scoreboard
- S&P 500 7,758 (+0.62%)
- Euro Stoxx 50 6,524 (+0.33%)
- Nikkei 225 65,607 (-0.12%)
- Gold 4,402 (+2.37%)
- WTI 77.00 (-0.38%)
- US 10Y 4.641% (-3bp)
- DXY 99.5650 (-0.37%)
- Bitcoin 64,942 (+0.75%)
- VIX 14.90 (-1.65%)
- DE 10Y 3.126% (+0bp)
The weaker payrolls print drove Treasury yields lower, with the US 10-year down -3bp to 4.641%, and pushed the dollar down -0.37%. Gold jumped +2.37% to 4,402 as yields eased. The VIX fell -1.65% as risk appetite firmed. Palantir capped its best week since 2024, and Airbnb surged after an earnings beat. Crude slipped, with WTI down -0.38% and Brent down -0.52%. Michael Burry added to bets against semiconductors, disclosing larger short positions.
Key headlines
- Burry Adds to Semiconductor ETF Puts, Increases Short Positions
- Major US Indices See Significant MOC Imbalances
- Hedge Funds Halve Yen Short Bets After Intervention
- Trump is trying to fire Lisa Cook again. He still wants to stack the Fed with allies.
The takeaway
Hedge funds halved their yen short bets after intervention, a reminder that the dollar's slip on Friday reflected positioning shifts as much as the softer US data. The move in the yen unwound crowded trades that had built up through the summer, adding to the greenback's decline.
Attention turns to next week's inflation data and further signals on the Fed's path after the soft jobs report cooled hike expectations. Traders will also watch developments around President Trump's renewed effort to remove Fed Governor Lisa Cook, and whether Crude can stabilize after Friday's decline.
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Frequently asked questions: August 7, 2026
What happened in the markets today?
US stocks closed higher, with the S&P 500 up +0.62% to 7,758 and the Nasdaq up +1.30%, after a soft jobs report. Gold jumped +2.37%, the dollar slipped -0.37% and Treasury yields eased.
Did the stock market go up or down today?
The stock market rose. The S&P 500 gained +0.62% to 7,758 and the Nasdaq added +1.30%, supported by lower yields and a technology rally.
Why did markets move today?
A softer-than-expected jobs report cooled expectations for a Federal Reserve rate hike in September, pulling Treasury yields and the dollar lower and lifting equities and Gold.
How did the S&P 500 do today?
The S&P 500 rose +0.62% to close at 7,758, aided by easing yields after the jobs report and gains in technology shares including Airbnb and Palantir.
What did the dollar and Treasury yields do today?
The dollar index slipped -0.37% to 99.5650 and the US 10-year Treasury yield fell -3bp to 4.641%, both easing after the soft jobs report.
Where can I track live market data across asset classes?
Hyperdash shows real-time prices, charts and positioning for equities like the S&P 500, commodities like Gold and crypto like Bitcoin, all in one dashboard.
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