US Stock Market Daily Report — 2026-08-03

Big Picture

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Index Performance

Index	Price	Change	%
SPY	$747.03	+5.34	+0.72%
QQQ	$687.99	+4.44	+0.65%
DIA	$524.32	+2.81	+0.54%
IWM	$291.20	-1.39	-0.48%

Sector ETF Tracker

Sector	Price	Change	%
XLK	$175.35	-0.38	-0.22%
XLF	$56.94	-0.06	-0.11%
XLE	$59.55	+0.59	+1.00%
XLV	$162.55	-0.97	-0.59%
XLY	$116.09	+3.70	+3.29%
XLP	$85.05	-0.42	-0.49%

Top Market News

Story	Summary
Oil drops over 4% after Trump calls off planned strike on Iran	[Full article at CNBC](https://www.cnbc.com/2026/08/03/oil-prices-today-wti-brent-hormuz-trump-iran.
AstraZeneca in talks with Bristol Myers Squibb on $400 billion megadeal, FT reports	[Full article at CNBC](https://www.cnbc.com/2026/08/02/astrazeneca-and-bristol-myers-squibb-mull-400
Stock futures rally as investors gear up for jobs report, key earnings: Live updates	Full article at CNBC
Why people are dropping out of the workforce and not looking for new jobs: 'The market wore me down'	[Full article at CNBC](https://www.cnbc.com/2026/08/02/why-people-are-dropping-out-of-the-workforce-
Japan to vow coordination with the U.S. on weak yen in historic battle	[Full article at CNBC](https://www.cnbc.com/2026/08/02/japan-to-announce-tokyo-washington-took-joint
The Nasdaq-100 just had its worst month since March 2025. These stocks held up and are expected to outperform ahead	[Full article at CNBC](https://www.cnbc.com/2026/08/02/nasdaq-100-just-had-worst-month-since-march-2
AMD and Sandisk are two of the big chip stocks with earnings momentum in the new week	[Full article at CNBC](https://www.cnbc.com/2026/08/02/amd-sandisk-are-two-of-the-big-chip-stocks-wi

Key Market Themes

Energy leads: XLE +1.00% as oil stabilized after Trump's Iran strike reversal
Consumer surge: XLY +3.29% — largest sector gain, likely driven by megacap consumer discretionary
Tech underpressure: XLK -0.22% and QQQ +0.65% (mixed signals in Semiconductors ahead of AMD/Sandisk earnings)
Small-caps lag: IWM -0.48%, breaking a multi-week rally streak
Bitcoin reels: BTC -2.86% to $27.81 — risk-off in digital assets amid macro uncertainty

Looking Ahead

Investors are bracing for the upcoming jobs report and key earnings (AMD, Sandisk on deck). Markets will closely watch labor market data for signals on Fed policy direction. Energy stocks may continue to outperform if oil sustains current levels.

Data sources: Yahoo Finance, CNBC. Report generated 2026-08-03.