WS #13636
July nonfarm payrolls fell 23,000 vs +83,000 expected, with downward revisions, reducing Fed hike odds and driving stocks to record highs, gold up 3%, and Treasury yields down. Alphabet plans $20-25B bond sale for AI infrastructure; Nikkei reports five tech giants' off-balance-sheet 'hidden debts' reached $1.65 trillion, raising sustainability concerns. Software stocks swung wildly: Atlassian and Twilio popped over 20% on earnings, while HubSpot and Datadog tumbled; Airtable acquired at a fraction of peak valuation. Trump Media (DJT) terminated its business combination with Crypto.com, pivoting to a marketing agreement, signaling a shift in focus and a negative for crypto integration.
Weak Jobs Report Fuels Risk-On Rally
July nonfarm payrolls fell 23,000 vs +83,000 expected, with downward revisions, reducing Fed hike odds and driving stocks to record highs, gold up 3%, and Treasury yields down.
Alphabet plans $20-25B bond sale for AI infrastructure; Nikkei reports five tech giants' off-balance-sheet 'hidden debts' reached $1.65 trillion, raising sustainability concerns.
Software stocks swung wildly: Atlassian and Twilio popped over 20% on earnings, while HubSpot and Datadog tumbled; Airtable acquired at a fraction of peak valuation.
Trump Media (DJT) terminated its business combination with Crypto.com, pivoting to a marketing agreement, signaling a shift in focus and a negative for crypto integration.