Markets closed mixed Thursday as the Dow broke a five-day winning streak on rising Treasury yields and oil prices, while tech showed resilience. Earnings momentum remained strong with Airbnb and Cloudflare surging post-market, though SpaceX's lockup expiry weighed on the semiconductor complex.
→ Jobs report tomorrow (Friday, August 7)—June nonfarm payrolls, hourly earnings, and unemployment rate will set tone for Fed rate expectations
→ Energy sector reaction: oil prices climbing on geopolitical concerns while market awaits clarity on Strait of Hormuz negotiations
→ Tech earnings calendar: ConocoPhillips, Cloudflare, and Airbnb results overnight; monitor if earnings momentum sustains into next week