WS #13598
US July nonfarm payrolls fell 23K vs +83K expected, with downward revisions, driving Treasury yields lower, gold to $4,407/oz, and stock futures higher on reduced Fed hike odds. Doximity surged on AI margin comments, Atlassian and Cloudflare raised guidance, while Trade Desk and DoubleVerify were downgraded, driving idiosyncratic moves in tech stocks. Meta ordered to pay $567M in New Mexico child-safety case, adding to regulatory overhang on the company.
Weak US Jobs Report and Fed Dovish Repricing
US July nonfarm payrolls fell 23K vs +83K expected, with downward revisions, driving Treasury yields lower, gold to $4,407/oz, and stock futures higher on reduced Fed hike odds.
Doximity surged on AI margin comments, Atlassian and Cloudflare raised guidance, while Trade Desk and DoubleVerify were downgraded, driving idiosyncratic moves in tech stocks.
Meta ordered to pay $567M in New Mexico child-safety case, adding to regulatory overhang on the company.