Stocks
US Stocks Rally Ahead of Nonfarm Payroll Data
The US stock market has begun trading on Friday, August 7, 2026, with a focus on nonfarm payroll data. This highly anticipated economic indicator will provide further clarity on the stance of the US Federal Reserve's upcoming monetary policy.
Market expectations are for a 25 basis points rate hike in September 2026. In the previous session, Wall Street witnessed sharp selling pressure, with the Dow Jones index dropping by 464.02 points or 0.9% to close at 53,885.10.
Nasdaq 100 futures have outperformed DJIA and S&P 500 futures, soaring by 174 points or 0.6% to trade around 29,662.25.