WS #13638
Weak July jobs report (-23k vs +80k expected) boosts bets that Fed will hold rates in September, driving S&P 500 to record high and Nasdaq +1.3%. Datadog (DDOG) shares fell 19% despite strong quarterly results, with CEO selling shares, suggesting concerns about future growth or valuation. Cathie Wood invested $28.7M in TSMC and SpaceX while trimming Amazon, Alphabet, and Shopify, signaling rotation within tech.
Fed Rate Cut Expectations and Market Rally
Weak July jobs report (-23k vs +80k expected) boosts bets that Fed will hold rates in September, driving S&P 500 to record high and Nasdaq +1.3%.
Datadog (DDOG) shares fell 19% despite strong quarterly results, with CEO selling shares, suggesting concerns about future growth or valuation.
Cathie Wood invested $28.7M in TSMC and SpaceX while trimming Amazon, Alphabet, and Shopify, signaling rotation within tech.