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US markets today: Dow, S&P 500, Nasdaq futures indicate positive open; payroll shows 23,000 US job losses in July

Anubhav Mukherjee
By Anubhav Mukherjee

3 min read | Updated on August 07, 2026, 19:20 IST

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SUMMARY

US futures indicate a positive opening on Friday, August 7, as investors focus on the reduction in the unemployment rate in the US economy. Key things investors need to know ahead of opening bell.

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Friday, August 7. | Image: Shutterstock.

Dow Jones, S&P 500 and Nasdaq futures indicate a positive open ahead of the opening bell on Friday, August 7. | Image: Shutterstock.

US markets today: Equity futures on Wall Street indicate a gap-up opening on Friday, August 7, as investors focused on the reducing unemployment rate in the US economy despite payroll losses in July 2026.
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Key focus of investors was also towards monitoring global market cues, stock-specific action and June quarter earnings season.

Dow Jones futures were trading 0.26% higher at 54,148 points ahead of the opening bell on Thursday, indicating a more than 260-point higher opening on August 7, according to Investing.com data.

The S&P 500 index futures were trading 0.46% higher at 7,770 points before the market opening on August 6, indicating around a 60-point higher open on Friday’s US market session.

The tech-heavy Nasdaq 100 futures were trading 1.08% lower at 29,809 points ahead of the Wall Street open, indicating a over 400-point higher opening during the trading session on August 7, when compared to the previous US market close levels.

Key things to watch before US market opens

US markets recap

The equity market indices on Wall Street declined to end lower after Thursday’s trading session, as investors focused on a rebound price of crude oil above $80/barrel, amid the June quarter earnings and key economic data release.

The Dow Jones Industrial Average closed 0.85% lower at 53,885.10 points after the trading session on Thursday, in comparison to 54,349.12 points at the previous stock market close, according to MarketWatch data.

The S&P 500 index ended 0.18% lower at 7,709.96 points after the trading session on August 6, compared to 7,723.55 points at the previous equity market close, as per the exchange data.

The tech-heavy Nasdaq 100 index closed 0.39% lower at 29,373.33 points after Wednesday’s trading session, compared to 29,487.79 points at the previous Wall Street close.

US stocks to watch on August 7

Under Armour: Under Armour shares were trading 6.5% lower during the pre-market session ahead of the opening bell, as investors focused on the company’s June quarter earnings set to be released during the day.
Vistra Corp.: Vistra Corp were shares were trading 0.6% lower on pre-market NYSE as investors focused on the company’s June quarter results release.
Key earnings stocks: Other stocks like Take-Two Interactive, PPL Corp., Oklo, Mobility Global, Essent Group, Construction Partners, and Wendy’s Co., are among other companies which are set to announce their April to June quarter results on August 7, 2026.
Tech stocks: Tech sector stocks like SK Hynix ADR, Nvidia, Broadcom, AMD, Qualcomm, Taiwan Semiconductor (TSMC), Texas Instruments, ASML Holdings, and Oracle are set to be in focus on Thursday’s market session, amid the earnings season and the momentum from Asian markets.

US jobs report in focus

US Bureau of Labour Statistics data released on August 7 showed that nonfarm payroll employment declined by 23,000 jobs in the month of July 2026, due to the drop in local government education and retail trade in the period.

In contrast, the Labour Bureau data also showed that the US unemployment rate declined to 4.1% in the 12-month period ended July 2026, down from the 4.2% level in the 12-month period ended in June 2026.

“Among the unemployed, the number of people on temporary layoff increased by 153,000 to 921,000 in July. The number of permanent job losers changed little at 1.7 million,” as per the official release.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.

About The Author

Anubhav Mukherjee
Anubhav Mukherjee is a business journalist with experience at leading financial news platforms. He writes on a wide range of topics, including equity markets, corporate developments, company earnings and commodities. He holds a Post-Graduate Diploma in Business & Financial Journalism by Bloomberg from the Asian College of Journalism.

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