# US Stocks: S&P Hits Record High as Soft Jobs Report Eases Rate Hike Concerns Unemployment figures and corporate profits pushed the S&P to a historic peak. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-08-07 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/923b6d04-9641-475b-81e5-daa69bd2f615 ## S&P Reaches Historic High The S&P 500 index hit a historic peak on August 8, 2026. This rise was supported by an unexpected increase in unemployment figures, which reduced expectations of a Federal Reserve interest rate hike. Strong corporate earnings also contributed to the index's upward movement. ## Impact of Unemployment Figures The rise in unemployment figures in the US increased concerns about an economic slowdown. However, this development lowered the likelihood of a Federal Reserve rate hike in September. Market participants viewed this positively, driving investments into the stock market. ## Corporate Earnings Boosted the Market Second-quarter earnings reports painted a positive picture for the market. Companies in the technology and finance sectors, in particular, outperformed expectations, significantly contributing to the rise in indices. ## Decline in Oil Prices A drop in oil prices eased inflation concerns. Progress in peace talks reduced uncertainties about oil supply, leading to lower prices. This had a positive impact on consumer spending and corporate costs. ## AI-Related Spending Massive spending by AI-related companies had raised concerns in the market. However, strong earnings reports alleviated these worries. Companies' investments beginning to bear fruit was seen as a positive signal for the market. ## Weekly Gains in Indices The S&P 500, Dow Jones, and Nasdaq indices recorded their biggest weekly gains since mid-April. This rise was driven by unemployment figures, corporate earnings, and the decline in oil prices. ## Market Participants' Sentiment Market participants viewed the reduced expectations of a Federal Reserve rate hike positively. This increased demand for stocks, driving indices higher. Investors continue to focus on upcoming economic data. ## Future Expectations The upward trend in US stock markets may continue depending on economic data and corporate performance. The Federal Reserve's future policies and global economic developments will be key factors shaping the market's direction. ## Sources covering this story - https://economictimes.indiatimes.com/markets/us-stocks/news/us-stocks-sp-closes-at-record-high-as-soft-jobs-report-eases-rate-hike-concerns/articleshow/133041941.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._