US Stock Market Today Live, August 7: Nasdaq Soars 350 Pts, DJIA Gains After US Nonfarm Payroll Falls To 23K

The US stock market traded higher on Friday despite sharp decline in the nonfarm payroll data, which was released on Friday, August 7, 2026. Apart from jobs data, the unemployment rate which is also pivotal, stood at 4.1% in July 2026. Despite the unemployment rate missing estimates, Dow Jones surged nearly 120 points and Nasdaq outperformed with up to a 350-point gain. These economic data will provide further clarity on the stance of the US Federal Reserve's upcoming monetary policy. As of now, market is expecting a 25 basis points rate hike in the September 2026 policy.

Ahead of jobs data, US stock futures are trading with sharp upside. The Dow Jones futures are up 71 points and the S&P 500 futures gained 21.25 points, but Nasdaq 100 futures have outperformed with over 168 points respectively.

Notably, Wall Street witnessed sharp selling pressure in the previous session. The Dow Jones index dropped by 464.02 points or 0.9% to close at 53,885.10, taking the worst hit compared to other counterparts. Additionally, the Nasdaq Composite index dipped mildly by 15.09 points to end at 26,348.35. Also, the S&P 500 slipped by 13.59 points or 0.2% to finish at 7,709.96 on August 6th.

Investors awaited the closely watched July jobs report for fresh signals on labor market conditions and the potential path of Federal Reserve monetary policy, as per Trading Economics.

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Aug 07, 2026, 9:29 pm IST

US Stock Market Live Updates: Unemployment Rate Major Group-Wise

Among the major worker groups, the unemployment rates for teenagers (12.1 percent) and people who are Hispanic (4.6 percent) declined in July. The jobless rates for adult men (3.9 percent), adult women (3.7 percent), and people who are White (3.6 percent), Black (6.3 percent), or Asian (4.0 percent) showed little or no change over the month.

Aug 07, 2026, 9:29 pm IST

US Stock Market Live Updates: US Unemployment Rate Rises To 4.1%

The US unemployment rate stood at 4.1% in July compared to estimate of 4.3%. Data of US Bureau Of Labor Statistics said, both the unemployment rate, at 4.1 percent, and the number of unemployed people, at 6.9 million, changed little in July. These measures also changed little over the year.

Aug 07, 2026, 9:26 pm IST

US Stock Market Live Updates: US Nonfarm Payrolls Missed Estimates Unexpectedly Steep

The US economy recorded nonfarm payroll of -23,000 in July 2026. This is lower than revised 20K gain in June and compared to forecasts of an 80K increase. Employment figures for May and June were also revised lower, with the combined revisions showing that employment was 103K lower than previously reported. In July, employment in local government education declined by 50K and retail trade decreased by 19K, mostly warehouse clubs, supercenters, and other general merchandise retailers (-21K) and in gasoline stations and fuel dealers (-5K). Employment also declined in financial activities (-14K) and showed little change in mining, quarrying, and oil and gas extraction; construction; wholesale trade; transportation and warehousing; information; professional and business services; social assistance; leisure and hospitality; and other services. In contrast, the health care sector added 22K jobs, as per Trading Economics.

Aug 07, 2026, 5:56 pm IST

US Stock Market Live: Nasdaq 100 Futures Outperform

Nasdaq 100 futures outperformed DJIA and S&P 500 futures on Friday, as it soared by 174 points or 0.6% to trade around 29,662.25, which is also close to intraday high of 29,675.75.

Aug 07, 2026, 5:56 pm IST

US Stock Market Live: S&P 500 Futures Gain Too

S&P 500 futures surged by 19 points or 0.25% to trade around 7,753.75, which is near its intraday high of 7,756.75.

Aug 07, 2026, 5:56 pm IST

US Stock Market Live: Dow Jones Futures Up

US Dow Jones futures traded higher by 58 points or 0.11% to 54,071. It touched an intraday high of 54,096.00.

Aug 07, 2026, 5:56 pm IST

US Stock Market Live: Barclay Recommends SELL On Wall Street

Barclays says the "Sell America" trade has resurfaced in global markets, with investors becoming more cautious about U.S. assets due to a combination of Federal Reserve uncertainty and growing risks surrounding Japan's currency.

Aug 07, 2026, 5:38 pm IST

US Stock Market Live Updates: US Nonfarm Payroll Prediction At 70,000+

"We forecast nonfarm payrolls at +70k, the unemployment rate unchanged at 4.2%, and average hourly earnings at +0.3% m/m s.a. Most leading data still point towards solid labour market conditions, although weak labour supply growth also weighs on the employment growth outlook. The unemployment rate remains the Fed's primary focus. The Fed's Barkin (non-voter, neutral) will be on the wires after the release," said a report of Danske Bank.

Aug 07, 2026, 5:38 pm IST

US Stock Market Live Updates: US Nonfarm Payroll Prediction At 90,000+

Capital Economics analysts also expect US non-farm payrolls data to come around 90,000 in July, but the risks lie in the unemployment rate ticking back up to 4.3%.

Aug 07, 2026, 5:38 pm IST

US Stock Market Live Updates: US Unemployment Rate Pivotal

Economists at ING in a note said, "Our macro team's call is 70k for July's payrolls today, a tad below the 80k consensus. We expect a modest rise in unemployment to 4.3% on a higher participation rate (consensus is 4.2%). This scenario could result in a slightly softer dollar, but should not drastically change markets' conviction levels about the September FOMC. A decisive break in the dollar may have to wait for next week's CPI release."

Aug 07, 2026, 5:38 pm IST

US Stock Market Live Updates: Wall Street Performance On August 6

Wall Street witnessed sharp selling pressure in the previous session. The Dow Jones index dropped by 464.02 points or 0.9% to close at 53,885.10, taking the worst hit compared to other counterparts. Additionally, the Nasdaq Composite index dipped mildly by 15.09 points to end at 26,348.35. Also, the S&P 500 slipped by 13.59 points or 0.2% to finish at 7,709.96 on August 6th.