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Weekly Market Snapshot: Records Everywhere as a Blowout Canadian Jobs Report Meets a Shock U.S. Loss

  August 8, 2026 A short, holiday-shortened week still managed to deliver record after record. The TSX, the S&P 500, the Nasdaq, and Europe's major indices all closed the week at or near all-time highs — even as Friday's jobs numbers told two very different stories on either side of the border. Here's everything that moved your money this week, and what to watch next. The Bottom Line The TSX capped its biggest weekly advance in about four months, closing Friday at a record 36,381.23 after Canada added a blowout 75,100 jobs in July (versus 17,800 expected). Wall Street also hit fresh records — but for the opposite reason: US employers unexpectedly cut 23,000 jobs, which markets read as reducing the odds of any further Fed rate hikes. Add in a fourth straight record close for European stocks, a wild swing in oil, and gold pushing toward US$4,400/oz, and it was a week where almost every major asset class ended up higher. 🇨🇦 Canada: TSX's Best Week Since April Canadia...
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AI Strength Lifts U.S. Futures as Earnings Season Builds Momentum

U.S. stock futures edged higher early Tuesday, signaling another upbeat session as enthusiasm around artificial intelligence helped revive appetite for tech shares. The Dow, S&P 500, and Nasdaq all pointed to early gains, extending the positive tone that began the week.

Tech sentiment improved after Palantir delivered stronger‑than‑expected quarterly results, highlighting robust demand for its AI platforms. The company’s upbeat outlook helped push its shares sharply higher in premarket trading and boosted confidence across the broader technology sector.

Major indexes reflected that optimism. Nasdaq futures led the move, supported by renewed interest in AI‑linked names. S&P 500 futures also ticked upward, while Dow futures held modest gains following Monday’s strong rally.

Investors are watching earnings closely, with a heavy slate of corporate results expected throughout the week. The flow of reports is likely to shape expectations for both economic resilience and the trajectory of interest rates.

If you want, I can expand this into a longer piece, sharpen the tone for a financial publication, or add quotes and analyst commentary.

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