August 7 market wrap: Nasdaq-100 gains as VIX eases

Stocks finished Friday with a broad advance

U.S. stocks closed higher on Friday, August 7, 2026. The S&P 500 ended at 7,757.64, up 47.68 points, or 0.62%. The Nasdaq-100 gained 349.00 points, or 1.19%, to 29,722.30, while the Dow Jones Industrial Average added 152 points, or 0.28%, to 54,037. Official Cboe delayed feeds supplied each closing level, previous close and regular-session move; every change and percentage was independently recomputed before publication.

Volatility and Treasury yields both moved lower

The Cboe VIX closed at 14.90, down 0.25 point, or 1.65%, from 15.15 on August 6. The U.S. Treasury’s official daily curve put the 2-year par yield at 4.19%, six basis points below 4.25%, while the 10-year fell to 4.65% from 4.69%, a four-basis-point decline. Lower index volatility and lower benchmark yields provide dated market context; neither reading guarantees a calmer next session or describes the risk of every individual option underlying.

Wheel watch: Credo and Enphase outpaced the indexes

Within YieldCove’s live watchlist, Credo Technology closed at $249.89, up $19.46, or 8.45%, from $230.43. Enphase Energy closed at $41.87, up $2.20, or 5.55%, from $39.67. Cboe’s official delayed quote feed and Nasdaq’s official stock screener matched on both regular-session closes and dollar moves. This wrap does not assign a catalyst because price feeds verify what traded, not why market participants acted.

Large share-price gains can change option moneyness, collateral requirements and the distance between a covered-call strike and the stock. They can also coincide with wider spreads or event risk that a closing stock quote cannot reveal. Option premiums are quoted per share, one standard contract normally represents 100 shares, and the complete obligation matters more than the headline percentage. Rebuild every option quote in a broker before using the close as context.