Daily US Stock Market Report

Daily US Stock Market Report — 2026-08-04

Big Picture: U.S. markets rallied broadly on Monday as coordinated yen intervention between the U.S. and Japan calmed currency volatility and boosted sentiment. The S&P 500 (SPY) gained +1.42%, the Nasdaq (QQQ) rose +1.76%, and the Dow (DIA) added +1.32%. Small-caps (IWM) outperformed with a +1.72% gain. Palantir surged +12% after beating Q2 estimates, while AstraZeneca fell on merger talk headlines. The energy sector (XLE -1.28%) was the notable laggard as oil prices retreated.

Index Performance

Index	Price	Change	%	52W High	52W Low
S&P 500 SPY	$757.67	+10.64	+1.42%	$760.40	$625.58
Nasdaq 100 QQQ	$700.07	+12.08	+1.76%	$748.65	$555.60
Dow Jones DIA	$531.22	+6.90	+1.32%	$532.54	$437.59
Russell 2000 IWM	$296.22	+5.02	+1.72%	$302.72	$216.08

Sector ETF Tracker

Sector ETF	Price	Change	%	52W High	52W Low
Technology XLK	$178.04	+2.69	+1.53%	$198.73	$126.68
Financials XLF	$57.38	+0.44	+0.77%	$57.60	$47.67
Energy XLE	$58.79	-0.76	-1.28%	$63.46	$42.05
Healthcare XLV	$162.24	-0.31	-0.19%	$168.53	$127.96
Consumer Disc. XLY	$118.21	+2.12	+1.83%	$125.01	$105.19
Consumer Staples XLP	$84.86	-0.19	-0.22%	$90.14	$75.16

Crypto

BTC: $28.23 (+1.51%) — 52W Range: $25.65–$55.96

Top Market News

• Manufacturing survey shows inflation worries 'worse than pandemic era,' adding to Fed pressure
Full article at CNBC → • Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
Full article at CNBC → • What the market is saying about the U.S. intervention to prop up the yen
Full article at CNBC → • U.S., Japan confirm coordinated yen intervention, signal readiness for more
Full article at CNBC → • Trump says Exxon and Chevron made 'too much money' off high oil prices during Iran conflict: 'I don't like it'
Full article at CNBC → • Trump sours on Pirro over Reflecting Pool case, won't say her job is safe
Full article at CNBC → • Palantir soars 12% on blowout quarter, with U.S. commercial revenue soaring nearly 150%
Full article at CNBC → • Twenty five states sue Trump administration over latest global tariffs
Full article at CNBC → • Worried about AI jitters? Deutsche Bank says this tech subsector may offer some protection
Full article at CNBC → • AstraZeneca slides after reports of Bristol Myers merger talks leave analysts 'perplexed'
Full article at CNBC →

Key Market Themes

Yen Intervention Boost: U.S. and Japan confirmed coordinated yen intervention, signaling readiness for further action. This calmed currency markets and supported global risk sentiment.
Palantir Blasts Off: Palantir (PLTR) surged 12% after posting blowout Q2 results with U.S. commercial revenue soaring — the AI/data analytics play continues to attract institutional interest.
Merger Buzz: AstraZeneca shares slid following reports of Bristol-Myers Squibb merger discussions, with analysts divided on deal terms.
Energy Lags: The energy sector (XLE -1.28%) was the notable drag as crude retreated amid easing Middle East supply concerns.
Tariff Headwinds: 25 states sued the Trump administration over the latest round of global tariffs, keeping trade-policy uncertainty front and center.
AI Sector Resilience: Deutsche Bank flagged AI infrastructure as a downside protection play amid broader tech volatility.

Looking Ahead

Markets enter the week with currency intervention themes, tariff litigation, and the Fed's next moves in focus. Palantir's blowout quarter may catalyze further AI/tech strength, while energy and healthcare sectors face cross-currents from policy and M&A headlines. Watch for Q2 earnings momentum to continue testing AI-adjacent names.

Data: Yahoo Finance (indices/crypto), CNBC (news). Report generated 2026-08-04.