**The stock market is having a strong day — a broad rally with stocks up and oil prices plunging.** As of today (Monday, August 3, 2026), here's where the major U.S. indexes stand (live data from Yahoo Finance): | Index | Level | Change | % | |---|---|---|---| | **S&P 500** | 7,572.30 | +82.58 | **+1.10%** | | **Dow Jones Industrial Average** | 53,077.99 | +592.96 | **+1.13%** | | **Nasdaq Composite** | 25,773.96 | +400.10 | **+1.58%** | | **Russell 2000** | 2,973.95 | +42.61 | **+1.45%** | | VIX (fear gauge) | 15.83 | −0.16 | −1.00% | Source: [Yahoo Finance Markets overview](https://finance.yahoo.com/markets/) **What's driving the move** (per Charles Schwab's market update published this morning): - **Weak oil prices** — WTI crude was down about 6.6% to ~$79/barrel. Oil has since extended losses, now around $79.12 (−6.55%), with Brent at $83.24 (−5.33%). Falling oil eases inflation concerns and supports stocks. - **Geopolitical easing** — President Trump posted that he had called off an attack on Iran due to progress in negotiations, which pressured crude lower. - **Falling bond yields** — The 10-year Treasury yield slipped to ~4.68%, helped by a rare joint U.S.–Japan intervention to support the yen and cheaper oil. - The rally is being led by **software and consumer names** rather than chip stocks; Palantir (PLTR) was up ~2.6% ahead of its earnings after the close. Amazon jumped >15% on Friday on cloud strength. Sources: [Charles Schwab Market Update (Aug 3, 2026)](https://www.schwab.com/learn/story/stock-market-update-open), [Yahoo Finance Markets](https://finance.yahoo.com/markets/) **Elsewhere globally:** Europe was mostly higher (DAX +1.61%, CAC 40 +1.44%) while Asia was mixed — the Nikkei fell 0.94% and South Korea's KOSPI dropped 5.12%, but Hong Kong's Hang Seng gained 0.48%. **Today's calendar:** The July ISM Manufacturing PMI is due, and Palantir reports earnings after the close. Later this week: July nonfarm payrolls (Friday) plus earnings from SpaceX, AMD, and SanDisk. One caveat: Yahoo Finance data is real-time/15-min delayed snapshot data, and markets move throughout the day — check a live quote source for the very latest prices.