Bullish
S&P 500 hits record high of 7,757.64 after unexpected July job cuts.
The S&P 500 reached a new all-time high of 7,757.64 on August 7, 2026, following a report that employers unexpectedly cut 23,000 jobs in July. This weaker-than-expected job data raised hopes that the Federal Reserve might delay further interest rate hikes, boosting investor confidence. ([apnews.com](https://apnews.com/article/9d586bdbf1fb230dcf1f915dcaf50858?utm_source=openai))
Key points
- S&P 500 closes at record high of 7,757.64.
- Unexpected job cuts in July fuel hopes for delayed Fed rate hikes.
- Treasury yields decline following weaker job data.
- Brent crude oil prices rise 1.3% amid market optimism.
Sources
AI-generated from public news sources. Not financial advice.
