Stocks Shrug Off Jobs, Friday's Losses, Open Week with Massive Gains as Earnings Come into Focus

After stocks swooned Friday on the poor July jobs figure of 73,000 and massive revisions to May and June, stocks started off the new week Monday with massive gains.

Makes perfect sense in an imperfect world.

Here's Julia Louis-Dreyfus explaining Non-Farm Payrolls, GDP estimates, mainstream media, and politicians in general.

It being the height of earnings season, Wall Street actually could care less if people have jobs, are losing jobs, need jobs, or don't do their jobs. Profits matter and this week will see more than 100 of the S&P 500 post second quarter results.

There are simply too many reporting to adequately cover them all, but here are a few highlights from companies reporting after the close Monday and before the open Tuesday.

Palantir (PLTR), a Wall Street darling, set a revenue record, boosted guidance and is ahead by more than seven percent pre-market.

Pfizer (PFE) boosted its outlook based on cutting payroll and a strong second quarter. The stock is up two percent in early trading.

Dow component, Caterpillar (CAT) missed on the bottom line and suggested a $1.5 billion hit on tariff issues. Shares are lower, but only by less than one percent.

British Petroleum (BP) beat estimates and BP made its biggest oil and gas discovery in 25 years off coast of Brazil, sending shares up about one percent. At $32 per share, BP may be turning things around.

Chemical giant, Dupont (DD) exceeded estimates and is trading more than five percent higher before the opening bell.

Hotelier Marriott (MAR) posted net income of $2.78 per share. Earnings, adjusted for non-recurring gains, came to $2.65 per share, beating estimates by a penny. Investors are unsatisfied with soft guidance and have sent shares down by one percent.

Stock futures are modestly higher across the board. Gold is recovering from an early-morning setback, but trading around $3,420. Silver is up 21 cents at $37.54.

At the Close, Monday, August 4, 2025:
Dow: 44,173.64, +585.06 (+1.34%)
NASDAQ: 21,053.58, +403.45 (+1.95%)
S&P 500: 6,329.94, +91.93 (+1.47%)
NYSE Composite: 20,488.86, +221.17 (+1.09%)