WS #13647
July nonfarm payrolls fell 23k vs +80k expected, cutting September rate-hike odds to ~42-44% and driving stocks to records, gold to $4,340, and oil down 7% on the week. Atlassian and Cloudflare surged on strong results, while Akamai, Trade Desk, and Shift4 fell on weak guidance/downgrades, showing stock-specific dispersion within tech.
Dovish Fed repricing after weak jobs data
July nonfarm payrolls fell 23k vs +80k expected, cutting September rate-hike odds to ~42-44% and driving stocks to records, gold to $4,340, and oil down 7% on the week.
Atlassian and Cloudflare surged on strong results, while Akamai, Trade Desk, and Shift4 fell on weak guidance/downgrades, showing stock-specific dispersion within tech.