WS #13645
US July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds to ~42-44% and driving a record S&P close, lower yields, weaker dollar, and higher gold. Atlassian, Twilio, Natera, and Cloudflare posted strong AI-related earnings beats, driving double-digit stock gains, while Shift4 and Akamai fell on guidance cuts.
Weak July Jobs Report and Fed Dovish Repricing
US July nonfarm payrolls fell 23K vs +80K expected, with downward revisions, cutting September Fed hike odds to ~42-44% and driving a record S&P close, lower yields, weaker dollar, and higher gold.
Atlassian, Twilio, Natera, and Cloudflare posted strong AI-related earnings beats, driving double-digit stock gains, while Shift4 and Akamai fell on guidance cuts.