WS #13617
July payrolls fell 23K vs +80K expected with 103K downward revisions, crushing September rate-hike odds and fueling a record S&P 500 rally. Airbnb, Cloudflare, Twilio, Atlassian, Instacart beat-and-raise on AI adoption, while The Trade Desk and Under Armour disappointed.
US Labor Market Shock
July payrolls fell 23K vs +80K expected with 103K downward revisions, crushing September rate-hike odds and fueling a record S&P 500 rally.
Airbnb, Cloudflare, Twilio, Atlassian, Instacart beat-and-raise on AI adoption, while The Trade Desk and Under Armour disappointed.