WS #13605
July nonfarm payrolls fell 23,000 vs +83,000 expected, with downward revisions, cutting September rate hike odds to 44% and boosting stocks while lowering yields. SpaceX (SPCX) surged 11% on Argus upgrade to Buy; Cloudflare (NET) gapped up on multiple PT raises after strong Q2 results.
Weak July Jobs Report and Fed Dovish Repricing
July nonfarm payrolls fell 23,000 vs +83,000 expected, with downward revisions, cutting September rate hike odds to 44% and boosting stocks while lowering yields.
SpaceX (SPCX) surged 11% on Argus upgrade to Buy; Cloudflare (NET) gapped up on multiple PT raises after strong Q2 results.