This Week in Money (August 7, 2026)
Here are a few of the stories in money you may have missed this past week.
U.S. stocks closed higher Friday:
S&P 500 rose 0.6% (+47.68 points) to hit a new record closing high of 7,757.64.
Nasdaq composite climbed 1.3% (+342.26 points) to finish at a record 26,690.62.
Dow Jones Industrial Average gained 0.3% (+151.83 points) to end at 54,036.93.
Investors welcomed a weaker-than-expected July jobs report showing employers cut 23,000 jobs, fueling expectations the Federal Reserve may have more time before raising interest rates. Treasury yields fell following the report, while technology stocks led the rally, with Nvidia and Broadcom posting solid gains, helping all three major indexes finish the week higher for a second straight week.
A divorce can leave adult children needing both emotional and financial support but helping doesn’t have to mean putting your own retirement on hold. This Moneywise article explores how parents can support an adult child through a difficult transition while still protecting their own financial and emotional well-being. (And I’m proud to say I was quoted throughout😊).
One of the biggest takeaways? Support doesn’t have to mean shared housing. If moving in isn’t the right fit, parents can still provide meaningful help by assisting with apartment deposits, legal fees, childcare, or navigating the next steps.
Wall Street is no longer just on Wall Street.
This article highlights a major shift in the financial industry! Wall Street may still be the financial capital of the U.S., but Texas is making a serious play for a bigger piece of the pie. Goldman Sachs is investing $700 million in a massive new Dallas campus that will eventually house more than 5,000 employees, underscoring the city’s growing reputation as “Y’all Street.”
If you’re looking for exposure to the biggest names in tech, both QQQ and QQQM track the Nasdaq-100 and hold virtually the same portfolio, including giants like Nvidia, Apple, Microsoft, Amazon, and Alphabet.
This article discusses how their performance is nearly identical, but a few subtle differences make each fund better suited to different types of investors. The article also notes that while tech-focused ETFs have delivered impressive long-term returns, they can also experience steeper declines during market downturns, making diversification just as important as growth potential.
This article highlights how a record number of Americans are turning to debt consolidation as rising prices, high credit card interest rates, and years of inflation continue to strain household budgets.
In the first half of 2026, nearly 15,000 people enrolled in debt management plans through one major nonprofit, carrying an average of about $40,000 in unsecured debt, while financial counseling requests also reached record highs up 143% since 2021.
According to the article, younger adults, especially Gen Z and millennials, are driving much of the increase.
This article explains why a lender’s mortgage approval isn’t the same as true affordability.
While guidelines like the 28% and 28/36 rules can be helpful starting points, the real test is whether your mortgage still leaves room for savings, emergencies, home maintenance, and other financial goals based on your take-home pay, not just your gross income. Before buying a home, it’s worth stress-testing your budget to ensure your mortgage supports your long-term financial well-being.
This article examines an unexpected slowdown in the U.S. labor market after employers cut 23,000 jobs in July. The report also highlights how labor shortages, inflation, AI, and economic uncertainty are reshaping hiring, making it harder for many job seekers to find work despite relatively low layoff rates (by historical standards).
“Economists have used the term “no hire, no fire’’ to describe the unusual job market conditions.”
✨For a more in depth breakdown check out Professor Justin Wolfers’ YouTube video, The July Jobs Report Should Worry You:
Until next week - stay informed, stay intentional. ✨
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