U.S. equities hovered near record highs after a record-setting week, with futures initially mixed and the cash indexes later little changed on Monday as investors assessed how weak July nonfarm payrolls could alter the Federal Reserve's rate path. Market positioning indicated a slight majority expected the Fed to keep rates unchanged next month, while traders also looked ahead to inflation data due Wednesday and Thursday and noted the central bank will still receive August jobs and inflation reports before its September meeting. Last week, the Dow Jones Industrial Average closed at 54,036, up 0.28%, the S&P 500 finished at 7,757, up 0.53%, the Nasdaq ended at 26,690, up 1.30%, and the Russell 2000 rose 1.12% to 3,035, leaving the small-cap index up more than 20% for the year. Treasury yields fell as softer labor data triggered bond buying, while Brent crude settled at $82.03 and WTI at $76.96 on reports that Iran and Oman were nearing a temporary arrangement to reopen the Strait of Hormuz, even as markets still watched for longer-lasting Persian Gulf supply risks; gold rose 2.37% to $4,339 and silver gained 3.18% to $63.60. On Monday, the S&P 500 and Dow were flat near records and the Nasdaq 100 edged lower. Meta, Microsoft and SpaceX each rose about 1% on broker comments about cloud-services demand, Intel fell more than 3% as it prepared to offer $15 billion in stock, and Apple dropped 2.5% after Jefferies downgraded the shares to underperform. The broader analyst roundup for August 10, 2026 also included upgrades for Dicks Sporting Goods, Firstcash Holdings, NetApp, SanDisk Corporation and Sezzle; downgrades for Akamai Technologies, Domino's Pizza, Doximity and Trade Desk; and new or assumed coverage on BankUnited, Kestra Medical Technologies, Standard Nuclear, Guidewire Software and UMB Financial.