WS #13643
July nonfarm payrolls fell 23,000 vs +80,000 expected, cutting September Fed hike odds to ~44% and driving stocks to record highs, Treasury yields lower, and gold to a seven-week high. Airbnb surged 15.1% on raised revenue outlook, Trade Desk fell 21.8% on weak guidance, Palantir continued its post-earnings rally (+9%), and Take-Two rose 5% on GTA 6 reaffirmation.
Weak Jobs Data and Fed Rate Expectations
July nonfarm payrolls fell 23,000 vs +80,000 expected, cutting September Fed hike odds to ~44% and driving stocks to record highs, Treasury yields lower, and gold to a seven-week high.
Airbnb surged 15.1% on raised revenue outlook, Trade Desk fell 21.8% on weak guidance, Palantir continued its post-earnings rally (+9%), and Take-Two rose 5% on GTA 6 reaffirmation.