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Yahoo Finance Daily

Stocks muted in run-up to tech results, jobs report: Stock Market News Today

Tue Aug 01 2023
StocksJob GrowthHome PricesToy EconomyStock UpdatesLinkedIn Jobs


Stocks were muted on Monday as investors prepared for earnings from mega-cap tech companies and the July Jobs Report. Job growth is expected to be resilient, raising optimism about inflation targets. Home prices are forecasted to hold steady in 2023 before edging lower in 2024. The toy economy is thriving, with Barbie dominating the box office. Hasbro stock was upgraded, and several other stocks saw significant gains. LinkedIn jobs offers a platform to find qualified candidates for small businesses.


Job Growth Resilience

Despite moderating job growth, there is optimism that the Fed can bring down inflation without triggering a recession.

Home Prices Forecast

Morgan Stanley predicts home prices to remain steady in 2023 before declining in 2024 due to affordability adjustments.

Toy Economy Boom

Barbie's success at the box office reflects a broader trend of growth in the toy economy.

Stock Updates

Hasbro stock was upgraded, and other stocks like SoFi, Palantir, Adobe, and Nikola saw significant gains.

LinkedIn Jobs

LinkedIn jobs provides a platform for small businesses to find qualified candidates quickly and for free.


  1. Market Watch
  2. Job Growth and Home Prices
  3. Toy Economy and Stock Updates
  4. LinkedIn Jobs

Market Watch

00:01 - 00:42

  • Stocks were muted on Monday during midday trading as investors prepared for earnings from two more mega-cap tax and for the July Jobs Report to land later this week.
  • The S&P 500 ticked up above the flat line while the Dow Jones Industrial Out (buzzer)
  • The tech-heavy NASDAQ composite added about 0.1%.
  • Second quarter results from Apple and Amazon take center stage after Metas and Alphabet's release Wild Wall Street last week.
  • Eyes are on what the iPhone maker says about its vision pro headset and what the Facebook parent reveals about its cloud.

Job Growth and Home Prices

00:42 - 02:12

  • The countdown is also on to the monthly non-farm payroll to report to Friday, which is expected to show that job growth is still moderating but resilient.
  • That's raising optimism. The Fed can bring inflation down to its target without triggering a recession.
  • Morgan's Stanley Housing Analysts expect home prices to hold steady year over year in 2023 before edging lower next year.
  • We forecast House prices in 2023 to finish the year flat, versus 2022, before falling 2 percent in 2024, as affordability continues to adjust slowly back to long-run averages.
  • And inventories begin a slow climb off multi-decade lows," wrote the firm's Housing Research team.
  • This comes as home prices clocked in their fourth consecutive monthly increase in May, climbing 0.7 percent from the previous month, the S&P Core Logic Case Shiller Index showed on Tuesday amid constrained inventory.
  • At the same time, the index also showed that home prices declined 0.5 percent year over year.
  • Meanwhile, data from Zillow revealed that the average U.S. home value was $348,853 as of July 28,2023, up 1.2% from the prior year.

Toy Economy and Stock Updates

02:12 - 03:02

  • In business news, Barbie is dominating the box office and it seems the broader toy economy is having a moment.
  • On Monday analysts said Bank of America Global Research upgraded shares of Hasbro to buy Buy from neutral and put an $85 price target on shares.
  • The stock was up as much as 3% on Monday to trade just below $64 per share.
  • Hasbro is set to report earnings this coming Thursday, August 3.
  • And here were some of the stocks leading Yahoo! Finance's trending tickers page on Monday.
  • Shares of SoFi surged nearly 20% after better than expected earnings amid shifting loan conditions with new personal loans on the rise.
  • Palantir climbed 8% after a web bush analyst, Dan Ives, initiated coverage of the data analytics company with a price target of $25, hailing it as the messy of AI while comparing the business to the star footballer.
  • Adobe advanced its stellar run this year, rising another 3% as Morgan Stanley analyst Keith Weiss forecasts the stock could add another 25% over the next year.
  • And, Nikola Stock rose 18% following an announcement that the company will sell 13 electric trucks to JB Hunt Transport, one of the largest transport and logistics providers in North America.

LinkedIn Jobs

03:33 - 04:08

  • These days, every new potential hire can feel like a high stakes wager for your small business.
  • You want to be 100% certain that you have access to the best qualified candidates available.
  • That's why you have to check out LinkedIn jobs.
  • LinkedIn jobs helps find the right people for your team faster and for free.
  • Post your job for free at