WS #13601
July nonfarm payrolls unexpectedly fell by 23,000 (vs +80k expected), with downward revisions, reducing September rate-hike odds and boosting equities, gold, and bonds while weakening the dollar. Cloudflare and Airbnb surged on strong earnings and raised guidance, while The Trade Desk plunged on a downgrade, highlighting divergent tech performance driven by AI demand and execution.
US Jobs Report and Fed Rate Expectations
July nonfarm payrolls unexpectedly fell by 23,000 (vs +80k expected), with downward revisions, reducing September rate-hike odds and boosting equities, gold, and bonds while weakening the dollar.
Cloudflare and Airbnb surged on strong earnings and raised guidance, while The Trade Desk plunged on a downgrade, highlighting divergent tech performance driven by AI demand and execution.