Weekly recap: Nasdaq jumps 5.19% as tech leads and yields fall

U.S. equities ended the August 3–7, 2026 week with broad gains. The Nasdaq Composite advanced 5.19%, the S&P 500 rose 3.58% and the Dow added 2.96%. Technology led the sector scoreboard, Treasury yields fell across the 2-year and 10-year tenors, and the VIX closed lower even as several tracked growth stocks moved by more than 20%.

The week in 5 points

1. The Nasdaq led a broad rally. From the July 31 close to August 7, the Nasdaq Composite gained 5.19%, the S&P 500 rose 3.58% and the Dow advanced 2.96%.
2. Technology dominated the sector table. XLK gained 7.19%, followed by materials at 4.82% and consumer discretionary at 3.22%. Energy lost 3.48%, utilities fell 1.68% and real estate slipped 0.18%.
3. Treasury yields moved lower. The official 2-year par yield fell 9 basis points to 4.19%, while the 10-year declined 10 basis points to 4.65%.
4. July payrolls were soft and prior months were revised down. Nonfarm payrolls changed by -23,000, the unemployment rate was 4.1%, and May plus June payrolls were revised down by a combined 103,000.
5. Index volatility eased while single-name dispersion stayed large. The VIX traded between 14.77 and 18.43 and closed at 14.90, down 6.82% for the week; selected liquid tracked names ranged from +39.78% to -23.03%.

Sector scoreboard

Your tickers this week

The tracked universe contains 103 unique tickers after overlap removal: 23 in YieldCove's live watchlist, 25 represented by open option positions, eight open wheel-stock tickers and 84 long-term holding tickers. Fifty-four U.S.-listed names had both an official July 31 historical close and an August 7 Nasdaq close. Canadian listings and other uncovered instruments stayed in the census but were excluded from the mover ranking rather than estimated.

Notable earnings

Next week

• Monday, August 10: Nasdaq lists ASTS, HIMS and RKLB after the close.
• Tuesday, August 11: Existing-home sales are scheduled for 10:00 a.m. ET; CRWV is listed after the close, while ASST has no supplied reporting time.
• Wednesday, August 12: July CPI and real earnings are scheduled for 8:30 a.m. ET; NBIS and TE are listed before the open.
• Thursday, August 13: Initial claims and July PPI are scheduled for 8:30 a.m. ET; NU is listed with no supplied reporting time.
• Friday, August 14: Advance retail sales are scheduled for 8:30 a.m. ET, followed by business inventories and the preliminary Michigan consumer survey at 10:00 a.m. ET. The current Nasdaq pull returned no tracked-universe earnings for Friday. Calendar dates and times can change.

June job openings were little changed at 7.4 million, while second-quarter nonfarm productivity rose at a 1.4% annualized rate and unit labour costs increased 1.3%. These readings, the July employment report and next week's inflation data give context to the drop in Treasury yields, but they do not make the experience uniform across sectors or individual holdings. This recap is educational market information, not personalized financial advice or an instruction to trade.