S&P 500 Shoots Upward As Strong Earnings Shift Investors' Time Horizon

The S&P 500 shot up by nearly 3.6% over its closing value in the previous week, reaching a new record high closing value of 7,757.46 by the end of the trading week ending on Friday, 7 August 2026. On Friday, 7 August 2026, an unexpectedly negative jobs report changed the expected timing of when the Federal Reserve will change short-term interest rates in the U.S. The CME Group's FedWatch Tool's outlook changed substantially with the unexpectedly sour employment situation report for July 2026.