US Macro Daily(Beta Mode)
Equities Advance Ahead of ISM PMI Print
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| S&P 500 | 7,489.72 | +0.70% |
| Nasdaq 100 | 28,274.20 | +0.60% |
| Dow Jones | 52,485.03 | +0.53% |
| Russell 2000 | 2,931.34 | -0.50% |
| USD/JPY | 156.77 | -2.13% |
| EUR/USD | 1.15 | +0.03% |
| GBP/USD | 1.35 | +0.01% |
| Gold | 4,103.70 | +1.35% |
| WTI Crude | 79.45 | -6.17% |
| Bitcoin | 62,617.61 | -1.36% |
| US 2Y Treasury | 4.23% | +0.24% |
| US 10Y Treasury | 4.68% | +0.21% |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
10-Year Treasury Yield | Type: macro_line | Percent: 4.68 (2026-07-30) | Range: 1.19–4.98 | Trend(6pt): 1.19,4.07,3.99,4.17,4.67,4.68
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| ISM Manufacturing PMI Index | 53.30 | 54 | 06:00 |
| ISM Manufacturing Employment Level | 49.70 | - | 06:00 |
| Tuesday (2026-08-04) | |||
| Exports Level | 317,700m | - | 04:30 |
| Imports Level | 395,300m | - | 04:30 |
| Trade Balance | -77,600m | -73,000m | 04:30 |
| JOLTs Job Openings Level | 7.6m | 7.5m | 06:00 |
| Factory Orders Month-over-Month | -1.30 | 0.20 | 06:00 |
| API Weekly Crude Oil Stocks | 3.3m | - | 12:30 |
| Wednesday (2026-08-05) | |||
- S&P 500 rises 0.70% to 7,489.72 as Treasury yields climb
- USD/JPY drops 2.13% on reported US-Japan yen intervention
- ISM Manufacturing PMI and JOLTs data set to test labor resilience
Yesterday's Recap
US equity benchmarks closed higher on August 2 despite thin economic data releases. The S&P 500 gained 0.70% to 7,489.72 while the Nasdaq 100 added 0.60%. The Dow Jones rose 0.53% but the Russell 2000 fell 0.50%.
Treasury yields increased with the 2-year note at 4.23% and the 10-year at 4.68%. Gold advanced 1.35% to 4,103.70 while WTI crude fell 6.17% to 79.45. USD/JPY declined sharply by 2.13% to 156.77 amid reports of coordinated intervention.
Bitcoin slipped 1.36% to 62,617.61. The moves occurred against a backdrop of stable currency trading in Nigeria and continued attention to global trade tensions.
The Day Ahead
Markets will focus on the 6:00 a.m. ISM Manufacturing PMI release, with consensus at 54.0 after the prior 53.3 print. ISM Manufacturing Employment will also be watched for signs of hiring trends.
Tomorrow brings JOLTs Job Openings at 6:00 a.m. with consensus at 7.45 million and Factory Orders expected to rebound 0.2% month-over-month. ADP Employment Change at 4:15 a.m.
on Wednesday carries medium impact ahead of the full payrolls report. Services Sector PMI follows at 6:00 a.m. Wednesday with consensus at 54.5.
Fed Governor Cook is scheduled to speak at 12:05 p.m. Wednesday. Trade balance figures and crude inventory data will supply additional context on external demand and energy markets.
Other Economic Notes
US GDP expanded at a 1.50% annualized rate in the first quarter while year-over-year growth stood at 2.10%. Retail sales rose 6.72% year-over-year through June, supporting consumer resilience. Unemployment held at 4.20% in June, near recent lows.
CPI inflation measured 3.46% year-over-year in June, above the Fed’s 2% target. These readings indicate moderate growth with persistent price pressures that limit near-term policy easing. The combination of steady consumer spending and above-target inflation continues to shape the outlook for both labor-market indicators and manufacturing surveys due this week.
