WS #13608
US July nonfarm payrolls fell 23K vs +83K expected, with downward revisions, cutting Fed hike odds and boosting equities, especially tech. Airbnb, Atlassian, Datadog, and Microchip rally on strong results and AI demand, while Damodaran warns of AI overinvestment. Meta hit with $942M judgment in New Mexico over minor protection, which it will appeal; stock slightly lower.
Dovish Fed repricing after weak jobs report
US July nonfarm payrolls fell 23K vs +83K expected, with downward revisions, cutting Fed hike odds and boosting equities, especially tech.
Airbnb, Atlassian, Datadog, and Microchip rally on strong results and AI demand, while Damodaran warns of AI overinvestment.
Meta hit with $942M judgment in New Mexico over minor protection, which it will appeal; stock slightly lower.