--- title: "Record Highs Pile Up Over Volatile Week on Wall Street" type: "News" locale: "en" url: "https://longbridge.com/en/news/295268766.md" description: "Wall Street major indexes recorded second consecutive weekly gains amid volatility driven by earnings, July nonfarm payrolls, and U.S.-Iran developments. The Dow Jones, S&P 500, and Russell 2000 hit record highs, with Amazon surpassing $3 trillion market cap. Earnings reports showed mixed results: ON Semiconductor, Shopify, Eli Lilly, and Doximity beat expectations, while Trade Desk missed. Analysts highlight Workday and Palo Alto Networks as buys for August, advising caution on Dollar Tree." datetime: "2026-08-07T19:06:45.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295268766.md) - [en](https://longbridge.com/en/news/295268766.md) - [zh-HK](https://longbridge.com/zh-HK/news/295268766.md) generator: "portal-rs" --- # Record Highs Pile Up Over Volatile Week on Wall Street Another week of **big-name earnings**, a highly anticipated **July nonfarm payrolls report**, and **U.S.-Iran developments** made for a volatile week on Wall Street, though all three major indexes were on track for a second straight weekly win by Friday. Before investors **cashed in their profits** on Thursday, easing **Middle East tensions** pushed the Dow Jones Industrial Average (DJI) to its **fifth daily win** and a fresh record high on Wednesday. The S&P 500 Index (SPX) and **Russell 2000 Index (RUT)** both notched record highs on Tuesday as well. Even **Magnificent Seven name** Amazon.com (AMZN) enjoyed a surge, tapping a record high and surpassing the $3 trillion market capitalization milestone. ## More Earnings Rolled In The earnings rotation continued, with ON Semiconductor (ON) **citing AI demand** for its quarterly beat and **Shopify (SHOP)** dominating the charts after its own Q2 pop. Eli Lilly (LLY) also enjoyed a post-earnings surge, giving credit for its beat-and-raise to **GLP-1 demand**, while online platform Doximity (DOCS) saw its fiscal first-quarter miss overshadowed by a **blowout revenue beat**. **Trade Desk (TTD)** wasn't so lucky, suffering downgrades and a bear gap after sharing a quarterly miss. Some pre-earnings action was in focus as well, with **Roku (ROKU)** eyeing three-year highs, and **AST SpaceMobile (ASTS)** testing a key trendline. ## Historic Signals Say Watch These Names ## One of the **best stocks to own** in August is Workday (WDAY), while cybersecurity name **Palo Alto Networks (PANW)** could jump 5.5% by the end of the month. Plus, after its post-earnings pop, SHOP began **flashing a bull signal** you shouldn't ignore. On the flip side, one **name to avoid** right now is discount retailer Dollar Tree (DLTR). ## Next Week Brings More Earnings to Eye ## **Next week** brings another busy slate of earnings, including from big names Applied Materials (AMAT), ASTS, Lumentum (LITE), Rocket Lab (RKLB), and more. Don't forget to see how **shifting sentiment** could favor S&P 500 bulls and **what happens** when implied volatility (IV) outpaces the SPDR S&P 500 ETF (SPY). ### Related Stocks - [SHOP.US](https://longbridge.com/en/quote/SHOP.US.md) - [DLTR.US](https://longbridge.com/en/quote/DLTR.US.md) - [ON.US](https://longbridge.com/en/quote/ON.US.md) - [TTD.US](https://longbridge.com/en/quote/TTD.US.md) - [DOCS.US](https://longbridge.com/en/quote/DOCS.US.md) - [LLY.US](https://longbridge.com/en/quote/LLY.US.md) - [WDAY.US](https://longbridge.com/en/quote/WDAY.US.md) - [ELIL.US](https://longbridge.com/en/quote/ELIL.US.md) - [TTDU.US](https://longbridge.com/en/quote/TTDU.US.md) - [SHPD.US](https://longbridge.com/en/quote/SHPD.US.md) - [SHPU.US](https://longbridge.com/en/quote/SHPU.US.md) - [ELIS.US](https://longbridge.com/en/quote/ELIS.US.md) - [LLYZ.US](https://longbridge.com/en/quote/LLYZ.US.md) - [LLYX.US](https://longbridge.com/en/quote/LLYX.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [ONX.US](https://longbridge.com/en/quote/ONX.US.md) - [ONG.US](https://longbridge.com/en/quote/ONG.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [ROKU.US](https://longbridge.com/en/quote/ROKU.US.md) - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [PANW.US](https://longbridge.com/en/quote/PANW.US.md) - [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md) - [LITE.US](https://longbridge.com/en/quote/LITE.US.md) - [RKLB.US](https://longbridge.com/en/quote/RKLB.US.md) ## Related News & Research - [Why Is Omniab Stock Rallying After Eli Lilly Deal?](https://longbridge.com/en/news/296113651.md) - [Deutsche Bank Just Downgraded Workday Stock. Here's Why.](https://longbridge.com/en/news/296245093.md) - [How Eli Lilly’s Global Vault CRM Rollout At Veeva Systems (VEEV) Has Changed Its Investment Story](https://longbridge.com/en/news/296430987.md) - [Workday stock is downgraded after buyout report as growth expectations are 'too optimistic'](https://longbridge.com/en/news/296104750.md) - [Eli Lilly EVP, international president Patrik Jonsson disposes of 6,500 shares worth $7.64 million](https://longbridge.com/en/news/296266483.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**