U.S. stocks rose on the first trading day of August as President Trump announced upcoming negotiations with Iran regarding a deal related to the Strait of Hormuz. This positive momentum followed a difficult July for the market, marked by declines in tech stocks and rising oil prices stemming from tensions with Iran. On August 2, 2026, the S&P 500 was up 0.6% while the Dow Jones gained 1.2%. With the start of new negotiations, oil prices dropped by about 6%. Meanwhile, tech stocks showed signs of recovery, buoyed by recent favorable earnings reports from major companies like Amazon and Microsoft. The focus for the week includes additional earnings reports and a pivotal nonfarm payrolls release that could influence Federal Reserve policy on interest rates.

Wall Street kicks off August on a positive note as Trump touts Iran negotiations

Author Ambar Warrick

Stock Markets

Published08/02/2026, 09:25 PM

Updated08/03/2026, 09:36 AM

View all comments (58)58

Wall Street kicks off August on a positive note as Trump touts Iran negotiations

View all comments (58)58

In this article:

Investing.com -- U.S. stocks kicked off August on a high note, advancing at the opening bell on Monday after President Donald Trump said negotiations with Iran were set to begin this week, while technology stocks eyed an ongoing recovery following bruising losses in July.

Wall Street is coming off a negative July, largely driven by a combination of a slump in the high-flying artificial intelligence trade and a resurgence in oil prices due to the breakdown of an interim peace deal between the U.S. and Iran.

At 09:33 ET (13:33 GMT), the benchmark S&P 500 index climbed 0.6% to 7,532.25 points, while the blue-chip Dow Jones Industrial Average surged 1.2% to 53,135.23 points. The NASDAQ Composite added 0.5% to 25,504.26 points. The tech-heavy gauge led July losses, falling more than 3% as chip stocks saw their worst month since the financial crisis. Get top stock picks, earnings previews, and key technical insights by subscribing to InvestingPro - now 55% off

The main averages on Wall Street gained in the prior session on Friday, buoyed by an extended rebound in technology stocks. While some jitters remain around the sustainability of massive spending on artificial intelligence infrastructure by mega-cap companies, solid quarterly returns from e-commerce giant Amazon helped to soothe these fears.

Trump says Iran negotiations scheduled for Monday

Trump told reporters on Sunday evening that negotiations with Iran were set to begin on Monday afternoon, and that a deal involving the Strait of Hormuz was “imminent.”

His comments came a day after the president canceled a major planned attack on Iran following discussions with regional mediators.

Trump’s comments, and the canceled attack, raised hopes for some de-escalation in the U.S.-Iran conflict, especially after the two sides engaged in a series of bitter tit-for-tat attacks since mid-July.

Oil prices slid about 6% early-Monday following Trump’s comments, with lower crude prices also driving up hopes for lower energy-driven inflation in the coming months.

Tech recovery, more earnings in focus

Tech stocks were seen recovering in the past week from deep losses through July, with some upbeat second-quarter earnings– especially from Microsoft and Amazon– also providing support.

But losses in the sector weighed heavily on Wall Street through July, with the Nasdaq down 3.2% last month. The S&P and Dow logged a middling performance.

Focus this week is on more upcoming second-quarter earnings, with software giant Palantir Technologies Inc (NASDAQ:PLTR) set to report later in the day. AMD (NASDAQ:AMD) will report on Tuesday, as will SpaceX (NASDAQ:SPCX) in its first ever publicly released quarterly earnings.

Other majors including Caterpillar Inc (NYSE:CAT), Merck & Company Inc (NYSE:MRK), and McDonald’s Corporation (NYSE:MCD) are also set to report this week.

Beyond earnings, focus this week is also on a closely watched nonfarm payrolls print for July, due on Friday. The print is expected to show a pick-up in employment growth.

Strength in the labor market gives the Federal Reserve more headroom to raise interest rates. The central bank’s July meeting held last week showed more policymakers in support of raising rates to quell sticky inflation.

(Scott Kanowsky and Anuron Mitra contributed reporting)

Wall Street kicks off August on a positive note as Trump touts Iran negotiations

View all comments (58)58

Latest comments

Post

Comment Guidelines

pro badge

August positives notes....ba ha ha. The wall street vampires will thrash that account. I'm only scalping right now.

Reply00

The US government is burning through over 10 times the total amount it spends on maintenance of all roads in the US on the war in Iran. To put it in perspective the US could have provided housing and food for every single homeless person in this country for less than the amount they are spending on this war.

Reply00

Show all comments

Trade With A Regulated Broker

Indices

Commodities

Bonds

Stocks

US 30

53,095.40

+609.7

+1.16%

US 500

7,574.50

+84.7

+1.13%

Dow Jones

53,091.52

+606.49

+1.16%

S&P 500

7,574.75

+84.95

+1.13%

Nasdaq

25,784.61

+410.76

+1.62%

S&P 500 VIX

15.70

-0.29

-1.81%

Dollar Index

99.73

-0.059

-0.06%

Crude Oil WTI Futures

79.45

-5.22

-6.17%

Brent Oil Futures

83.49

-4.44

-5.05%

Natural Gas Futures

2.763

+0.016

+0.58%

Gold Futures

4,089.65

-17.35

-0.42%

Silver Futures

57.325

-0.461

-0.80%

Copper Futures

6.483

+0.0175

+0.27%

US Soybeans Futures

1,184.13

-1.88

-0.16%

U.S. 10Y

4.686

-0.059

-1.24%

U.S. 30Y

5.223

-0.052

-0.99%

U.S. 5Y

4.403

-0.057

-1.28%

U.S. 3M

3.782

+0.005

+0.13%

US 10Y T-Note Futures

108.42

+0.42

+0.39%

Euro Bund Futures

124.86

+0.50

+0.40%

10-2 Yield Spread

31.32

+4.15

+15.27%

AAPL

305.37

-3.55

-1.15%

NVDA

206.13

+5.38

+2.68%

GOOGL

367.88

+11.75

+3.30%

TSLA

318.80

+7.59

+2.44%

AMZN

285.21

+13.63

+5.02%

NFLX

72.62

+0.91

+1.27%

Name	Last	Chg. %	Vol.
FSLR	240.03	+13.74%	1.63M
CRWV	80.26	+11.83%	14.02M
NBIS	208.88	+9.70%	9.39M
BLDR	71.58	+7.73%	581.90K
UAL	129.51	+6.74%	1.51M
MHK	131.39	+6.73%	320.90K
GDDY	88.17	+6.56%	1.35M

Name	Last	Chg. %	Vol.
FICO	1,050.19	-6.48%	139.60K
MPWR	1,331.34	-6.64%	361.91K
MAR	351.78	-5.65%	1.21M
STX	820.87	-4.12%	1.46M
CBOE	295.49	-4.75%	195.91K
WDC	523.42	-3.93%	2.26M
LVS	46.81	-4.25%	1.23M

Trending Stocks

Name	Last	Chg. %	Vol.
MU	820.00	-0.37%	16.21M
SPCX	111.65	+3.02%	22.45M
NVDA	206.13	+2.68%	37.77M
AMZN	285.21	+5.02%	38.38M
SNDK	1,258.05	+3.56%	5.79M

ProPicks AI

AI-powered stock picks with a proven track record to beat the S&P 500.

Tech Titans

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Top Value Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best of Buffett

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Energy Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Financial Fortresses

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Quality Compounders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Small-Cap Sprinters

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Healthcare Heroes

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Beat the S&P 500

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Dominate the Dow

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mid-Cap Movers

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Mexican Stock Exchange Leaders

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Best Brazilian Stocks

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Italian Market Elite

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Alpha Germany Select

Stocks in this Strategy

aaaa aaaaa aaaa a

Unlock Strategy

Comments

Post

Comment Guidelines

Tools

Calendars

Economic Calendar Earnings Calendar Holiday Calendar

US Economy

Fed Rate Monitor Tool US Treasury Yield Curve

More Tools

Stock Screener Currency Converter

Markets

Ask WarrenAI New

Stocks Picked by AI

Watchlist

Alerts

Top Brokers New

Breaking News

Tools

Install Our AppScan QR code to install app

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.

Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.

Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Read Original at Investing.com →

Wall Street kicks off August on a positive note as Trump touts Iran negotiations By Investing.com

Wall Street kicks off August on a positive note as Trump touts Iran negotiations

Trump says Iran negotiations scheduled for Monday

Tech recovery, more earnings in focus

Latest comments

Trending Stocks