Global markets experienced a downturn last week, with the S&P 500, Dow Jones, and Nasdaq falling due to weak jobs data, new US tariffs, and mixed corporate earnings. The July jobs report showed significantly fewer jobs added than expected, leading to the firing of the Bureau of Labor Statistics Commissioner. New tariffs imposed by the US on various countries add to global trade concerns. While some companies like SoFi and Microsoft reported strong earnings, others like Amazon and PayPal disappointed investors. Upcoming economic reports and corporate earnings, along with ongoing trade negotiations with China, will shape market movements this week.

Prepared by Christopher Adams and reviewed by editorial team.