As of Sunday, August 2, 2026, the S&P 500 sits at 7,489.72 — Friday's close — after a five-session week that delivered a +1.03% Monday-to-Friday gain and a +1.05% week-over-week gain from the prior Friday's 7,411.98 close. The week's defining pattern was a sharp Wednesday midweek selloff (SPX -1.52% to 7,316.15 on the Warsh Fed's hawkish hold with three dissents) followed by a Thursday mega-cap tech re-rate (SPX +1.66%) on Microsoft's +15.5% post-earnings surge and a Friday extension (SPX +0.70%) on Amazon's Q2 AWS beat (+37% YoY). The VIX collapsed from a Wednesday intraday high of 20.88 to a Friday close of 15.99. Weekend headlines (per the ISW Aug 1 report, CNN, and AP's July 31 wrap): Iran suspended Strait of Hormuz transit permits, Trump called off planned Saturday strikes, and new tariff escalations landed. The week ahead is dominated by Friday's July jobs report (8:30 AM ET) and Alphabet's Q2 print Tuesday after market, with the 10-year yield at 4.74% the key macro variable.