WS #13599
US employers unexpectedly cut 23K jobs in July (vs +80K expected) with -103K revisions to prior months; traders scale back Fed hike odds, Treasury yields fall, equities rally to records. Doximity surges >100% on AI margin commentary; Trade Desk collapses ~26% on downgrade; Airbnb gaps up on Wedbush upgrade; multiple analyst PT raises (Cloudflare, Atlassian, Unity). Alphabet's 13F shows SpaceX position worth ~$94B on June 30, now ~$66B (-30% since filing), a MAG7-specific signal diverging from the broad tech rally.
US July Jobs Miss and Dovish Fed Repricing
US employers unexpectedly cut 23K jobs in July (vs +80K expected) with -103K revisions to prior months; traders scale back Fed hike odds, Treasury yields fall, equities rally to records.
Doximity surges >100% on AI margin commentary; Trade Desk collapses ~26% on downgrade; Airbnb gaps up on Wedbush upgrade; multiple analyst PT raises (Cloudflare, Atlassian, Unity).
Alphabet's 13F shows SpaceX position worth ~$94B on June 30, now ~$66B (-30% since filing), a MAG7-specific signal diverging from the broad tech rally.