WS #13644
US July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds to ~44% and driving stocks, gold, and Treasuries higher. Twilio +24.9%, Atlassian +35.2%, Natera +21.3%, and SpaceX +8.98% on strong earnings, while TTD -21.8% on weak guidance.
Weak July Jobs Report and Fed Rate Expectations
US July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds to ~44% and driving stocks, gold, and Treasuries higher.
Twilio +24.9%, Atlassian +35.2%, Natera +21.3%, and SpaceX +8.98% on strong earnings, while TTD -21.8% on weak guidance.