WS #13622
July nonfarm payrolls fell 23,000 vs +80,000 expected, with downward revisions, cutting September Fed hike odds to 44% and boosting rate-sensitive assets. Twilio surged 31% on earnings beat, Airbnb +15% on AI-driven growth, Celsius +11% on activist stake, while AppLovin tanked 19% on revenue miss. First post-IPO lockup expires with 911M shares unlocking, adding supply pressure to a stock already 50% off highs.
US Labor Market Weakness and Fed Rate Expectations
July nonfarm payrolls fell 23,000 vs +80,000 expected, with downward revisions, cutting September Fed hike odds to 44% and boosting rate-sensitive assets.
Twilio surged 31% on earnings beat, Airbnb +15% on AI-driven growth, Celsius +11% on activist stake, while AppLovin tanked 19% on revenue miss.
First post-IPO lockup expires with 911M shares unlocking, adding supply pressure to a stock already 50% off highs.