WS #13630
July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, flipping Fed hike odds to a hold and boosting rate-sensitive growth stocks and gold. SpaceX surges on AI contracts, Palantir best week since 2024, Marvell and other AI names rise, indicating strong AI demand.
US Labor Market Contraction
July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, flipping Fed hike odds to a hold and boosting rate-sensitive growth stocks and gold.
SpaceX surges on AI contracts, Palantir best week since 2024, Marvell and other AI names rise, indicating strong AI demand.