News Bulletin
Friday, August 07, 2026
Evening Edition

Economic Numbers:

Time	Event	Actual	Forecast	Previous
Friday, August 7, 2026
8:30	Average Hourly Earnings (MoM) (Jul)	0.10%	0.30%	0.30%
8:30	Nonfarm Payrolls (Jul)	-23K	85K	20K
8:30	Unemployment Rate (Jul)	4.10%	4.20%	4.20%
8:30	Private Nonfarm Payrolls (Jul)	30K	78K	30K
13:00	U.S. Baker Hughes Oil Rig Count	454.00	452.00	451.00
13:00	U.S. Baker Hughes Total Rig Count	588.00		588.00

Indices

	CLOSE	50 DMA	200 DMA
DJIA	54,036.93	52,056.85	49,241.31
NASDAQ	26,690.62	25,941.82	24,090.48
S&P 500	7,757.64	7,494.26	7,049.27

Earnings Calendar:

(EPS: Earning Per Share / Rev: Revenue / Mkt Cap: market Capital/ BMO: Before Market Opening /AMC: After Market Close)

COMPANY	EPS Act	EPS Fore	Rev Act	Rev Fore	Mkt Cap	Time
Vistra CorpVST:US	1.68	2.05	4.02B	5.73B	$65.81B	PM
BlockSQ:US	-	-	-	-	$44.34B
Take Two Interactive SoftwareTTWO:US	-	0.33	-	1.4B	$40.61B	PM
PPLPPL:US	0.33	0.37	2.11B	2.19B	$26.23B	AM
Plains All American PipelinePAA:US	0.41	0.39	17.69B	12.75B	$15.52B	AM
Trimble NavigationTRMB:US	-	0.8	-	946.51M	$14.35B	AM
DillardsDDS:US	-	4.26	-	1.53B	$9.85B	AM
Freedom HoldingFRHC:US	-	-	-	-	$9.02B	AM
Fluor NewFLR:US	0.91	0.7	4.3B	3.94B	$7.63B	AM
Silicon LaboratoriesSLAB:US	-	0.7	-	226.75M	$7.00B	AM
Terreno RealtyTRNO:US	-	0.37	-	127.01M	$5.97B	AM
Adtalem Global EducationATGE:US	-	-	-	-	$4.76B	PM
Plains GPPAGP:US	0.41	0.47	17.69B	12.89B	$4.64B	AM
Telephone Data SystemsTDS:US	2.42	0.05	309.28M	316.57M	$3.56B	PM
HUBHUBG:US	-	0.29	-	941.12M	$2.89B
Spectrum BrandsSPB:US	2.79	1.47	75.3M	735.05M	$2.38B	AM
Hawaiian Electric IndustriesHE:US	-	0.19	-	-	$1.71B	PM
ANI PharmaceuticalsANIP:US	2.21	2.03	266M	262.14M	$1.69B	AM
Wendy'sWEN:US	0.18	0.17	570.6M	545.26M	$1.43B	AM
Under ArmourUAA:US	0.05	0.02	1.1B	1.11B	$1.12B	AM
Apollo Commercial Real Est FinanceARI:US	-	0.17	-	80.52M	$917.50M

Market News:

Wall Street ended at a record high on Friday, as the first monthly loss in U.S. jobs since February prompted traders to pare bets for Federal Reserve interest rate hikes. Equities also notched their best week since mid-April, helped by a slide in oil prices, a strong earnings season, and a rebound in chip stocks.

The benchmark S&P 500 index advanced 0.6% to close at 7,753.92 points, a record. The tech-heavy NASDAQ Composite climbed 1.3% to settle at 26,690.62 points, within striking distance of its last record finish posted at the start of June. The blue-chip Dow Jones Industrial Average added 0.3% to conclude at 54,036.52 points.

For the week, the Nasdaq led gains with a 5.2% rise, followed by the S&P at 3.5% and the Dow at 3%. It was the best week for all three averages since April 17.

Odds of policy tightening decline after jobs report

According to the U.S. Bureau of Labor Statistics, nonfarm payrolls fell by 23k in July, compared to a consensus estimate for a rise of 85k. This marked the first monthly loss in jobs since February. Meanwhile, employment in May and June were revised lower by a combined 103k. The unemployment rate ticked down to 4.1% in July from 4.2% in June.

The decrease in payrolls was largely due to a nearly 50k monthly fall in local government education jobs.

"The miss in July was because of a 53k decline in government employment, which the survey’s detail attributes to local government education jobs (i.e. K-12). This looks like a wonky seasonal adjustment fluke," Bill Adams, chief U.S. economist at Fifth Third Commercial Bank, said.

"Incorporating these data, job growth averaged a slow 20k per month in the last three months and a slightly better 61k per month since the turn of the year. While these data are disappointing they are still better than the economy’s 10,000 job per month average in 2025," Adams added.

The data comes at a complicated time for the Federal Reserve. On the one hand, despite the negative report, the overall labor market remains solid. On the other hand, inflationary risks are much higher amid ongoing volatility in oil prices due to the Middle East conflict, with some policymakers showing a clear bias towards raising rates at the Fed’s last monetary policy meeting in July.

The divergence in the Fed’s dual mandate presents a dilemma for the central bank. Elevated inflationary dynamics call for rate hikes, but resilience in the labor market suggests little room for rate cuts. While higher borrowing costs can help combat inflation, they come at the risk of denting the labor market and the wider economy.

"Friday’s jobs report was not just much weaker-than-expected, it showed that the economy shed jobs during July, which puts the Federal Reserve in a conundrum, since inflation is still elevated and sticky. While one weak jobs report is not likely to dictate Federal Reserve policy, we think the central bank will maintain its wait and see approach on interest rates, and allow more time to pass to examine incoming economic data," Brent Wilsey, chief investment officer at Wilsey Asset Management, said.

"The weaker-than-expected jobs report likely doesn’t change much for the Federal Reserve, as Chair Warsh is allowing the data to guide policy and the data as of now likely warrants keeping rates at current levels," he said.

"Friday’s negative jobs number raises the importance of next Wednesday’s CPI for July, which may see an uptick, since oil prices spiked during the second half of July, given the re-escalation of tensions in Iran. This may very well be one of the more noisy CPI reports in recent memory," Wilsey added.

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