US Stock Market Today: S&P 500 Futures Edge Higher On Firm Services And Yield Jitters

The Morning Bull – US Market Morning Update Friday, Aug, 7 2026

US stock futures are pointing slightly higher this morning, with E mini S&P 500 contracts up about 0.2%. The backdrop is a mix of stronger US services data and easing pressure in global bond markets. The ISM Services PMI came in at 54.1, which signals steady growth in service industries that touch everyday life like healthcare, travel and finance, although companies reported rising costs. At the same time, the US 10 year Treasury yield sits near 4.6%, which affects everything from mortgage rates to credit card interest. The key question for investors is whether resilient services and firmer prices keep rate sensitive areas such as growth stocks and real estate under pressure, while more economically linked cyclical sectors stay in focus.

With services strength and higher yields squeezing rate sensitive areas, focus on 78 resilient stocks with low risk scores today.

Top Movers

Insmed (INSM) jumped 33.86% after a strong Q2 beat and a higher Jefferies price target.
MACOM Technology Solutions Holdings (MTSI) gained 14.49% following record Q3 results, raised guidance and an Evercore ISI target increase.
Venture Global (VG) rose 9.25%.

Is MACOM Technology Solutions Holdings still a smart investment or just hype? Read our most popular narrative and get all the answers you need.

Top Losers

Honeywell Aerospace (HONA) fell 23.16% after multiple price target cuts following a disappointing first quarter as a standalone company.
AppLovin (APP) declined 19.66% after underwhelming Q2 results, a downgrade and several price target reductions.
Datadog (DDOG) dropped 19.03% as Q3 and 2026 guidance trailed some analyst expectations despite a higher price target.

For readers looking to balance drawdowns like these with more defensive positioning, it can help to focus on companies with steadier profiles and lower historical volatility using tools such as 78 resilient stocks with low risk scores.

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

On The Radar

The next few sessions center on Berkshire Hathaway earnings and fresh global inflation signals that could shape rate expectations.

Berkshire Hathaway (BRK) reports Q2 results on Saturday. Investors may focus on insurance and investment income trends.
Vistra (VST) posts Q2 earnings on Friday. Cash flow and hedging decisions are key for views on US power markets.
Take Two Interactive (TTWO) shares Q1 2027 results on Friday. Bookings and pipeline updates help frame the gaming demand picture.
China Inflation with CPI and PPI for July on Sunday. These readings help frame global goods pricing and demand conditions.
Bank of Japan Summary of Opinions on Sunday. Any rate path hints can influence global bond yields and currency moves.

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Find Stocks Poised To Move

Go beyond the usual headlines and get a closer look at stocks that may hold up better when volatility picks up by checking out solid balance sheet and fundamentals stocks screener (49 results).

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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.