WS #13655
July nonfarm payrolls -23,000 vs +83,000 expected; S&P 500 record close, Nasdaq +1.3%; Fed expected to hold rates, but internal dissent grows. Apple hits $10B India sales but faces rising memory costs and supply constraints; Phillip Securities downgrades to Reduce. Amazon finances 7.65GW gas-fired plant in Texas for data centers, highlighting AI-driven energy demand.
Dovish Fed Narrative Reinforced by Soft Jobs Data
July nonfarm payrolls -23,000 vs +83,000 expected; S&P 500 record close, Nasdaq +1.3%; Fed expected to hold rates, but internal dissent grows.
Apple hits $10B India sales but faces rising memory costs and supply constraints; Phillip Securities downgrades to Reduce.
Amazon finances 7.65GW gas-fired plant in Texas for data centers, highlighting AI-driven energy demand.