US Markets Highlights — Aug 2, 2026 | Aivina
August 2, 2026
US markets saw robust performance, with the S&P 500 and NASDAQ reaching new highs, primarily fueled by strong corporate earnings and continued optimism around AI. Economic data showed a mixed picture, with moderating inflation and softer retail sales, though the manufacturing sector expanded and the labor market remained tight. The Federal Reserve maintains a patient, data-dependent stance, signaling that interest rate cuts are not imminent despite market expectations.
Highlights
- S&P 500 hits new records; strong tech earnings fuel rally; rate cut hopes provide tailwind.
- NASDAQ index posts solid gains; AI enthusiasm drives tech stocks; investor sentiment remains positive.
- Softer retail sales reported; manufacturing PMI shows expansion; jobless claims stay historically low.
Macro Overview
Inflation
Recent CPI data indicates inflation is moderating slowly, still above the Fed's 2% target.
Interest Rate Outlook
Fed officials maintain a cautious stance, emphasizing data dependency; rate cuts not imminent.
Risk Sentiment
bullish
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