US Stock Market Today: S&P 500 Futures Rise As Earnings Optimism Outweighs Rate Jitters

The Morning Bull – US Market Morning Update Monday, Aug, 3 2026

US stock futures are pointing higher this morning, with S&P 500 contracts up around 0.6%. The move comes as US 10 year Treasury yields hover near 4.7% to 4.8%, which keeps borrowing costs for mortgages, credit cards and corporate debt relatively expensive as the Federal Reserve talks tough on inflation. At the same time, a key consumer confidence survey from Michigan sits at 55.2 for July, a five month high, and one year inflation expectations are at 4.2%, suggesting households feel a bit better but still squeezed. The big question now is how higher for longer rates might affect interest sensitive areas like banks, real estate and smaller US companies that rely more on loans.

With rates staying expensive, many investors are focusing on companies with healthier finances, so start by zeroing in on solid balance sheet and fundamentals stocks screener (45 results).

Top Movers

• Amazon.com (AMZN) jumped 15.32% after a strong Q2 earnings report and higher analyst price targets.
• DexCom (DXCM) gained 11.95% following Q2 results and raised full year revenue guidance.
• Arxis (ARXS) climbed 10.86% after Q2 results and higher full year revenue guidance and targets.

Is Amazon.com still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

• Roblox (RBLX) fell 26.85% after multiple downgrades and sharply weaker bookings and guidance.
• Reddit (RDDT) declined 20.99% as analysts cut price targets following user growth and SEO concerns.
• MasTec (MTZ) dropped 18.91% after a lower price target despite in line Q2 results and guidance.

Big one day drops like these often reflect rapid shifts in analyst expectations rather than changes to the underlying business overnight. Treat them as a starting point for deeper research instead of a conclusion.

If you want to see how other companies with recent drawdowns stack up on earnings quality, balance sheets and cash generation, run a quick filter using Our stock screener.

Look past the noise – uncover the top narrative that explains what truly matters for Roblox’s long-term success.

On The Radar

Earnings take the spotlight over the next few days, with a heavy focus on US tech, energy, travel and healthcare stocks.

• US healthcare earnings: Pfizer (PFE) reports on Tuesday. Watch revenue mix and any updated product pipeline commentary.
• US mega biotech: Amgen (AMGN) reports on Tuesday. Margin trends and guidance will shape sentiment on large cap pharma.
• Global consumer and travel: McDonald’s (MCD) and Booking Holdings (BKNG) report on Tuesday. Results will help frame discretionary spending strength.
• Semiconductor focus: Advanced Micro Devices (AMD) reports on Tuesday. The market will study Q2 data center and PC demand signals.
• Payments and commerce: Block (SQ) and Shopify (SHOP) report on Wednesday. Transaction trends will highlight online and offline spending patterns.

Use our Portfolio or Watchlist features to track market-moving events like these and get alerts for the companies you own, free!

How To Find Stocks That Fit Your Strategy

Look past today’s headlines and focus on quality that can hold up when borrowing costs stay high, because these setups do not tend to linger. Our research team has built 81 resilient stocks with low risk scores so you can focus on companies with resilient profiles that may better handle elevated rate pressure.

Ready to take control of your own stock ideas? Our stock screener lets you run custom searches that fit your style and set timely alerts so you never miss fresh opportunities.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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