The Nasdaq composite ended July at 25,374. Will it close above 25,600 on Aug 7?
50% of users predicted YES — the community got this one right. 2 predictions cast.
The Nasdaq Composite closed at 26,690.62 on August 7, 2026, up 1.3% on the day and well above both the 25,600 threshold and its July 31 close of 25,374, resolving the question yes. The index posted its strongest week since April, gaining roughly 4.9% over the five trading days ending August 7. The rally accelerated after the Bureau of Labor Statistics reported the U.S. economy lost 23,000 jobs in July, a sharp miss against expectations of roughly 80,000 in gains, which traders read as reducing the likelihood of further Federal Reserve rate hikes. Large technology and consumer-tech names, including Apple, Airbnb and SpaceX, all posted notable gains around the same period, helping lift the tech-heavy index well past the 25,600 mark set as the question's threshold. The community was evenly split at 50% ahead of resolution, reflecting uncertainty over whether the index could clear the bar by more than 200 points within a week. In the event, the Nasdaq cleared the threshold by more than 1,000 points, a larger move than the even odds implied.