Shares of Corning, Sunrun, Coinbase, Builders FirstSource, and Blue Bird surged in afternoon trading after the July jobs report showed an unexpected loss of 23,000 jobs, signaling a cooling labor market. Economists had forecast a gain of around 80,000 nonfarm payrolls, while the unemployment rate held steady at 4.1%. The weaker-than-expected data led investors to bet on a potential Federal Reserve interest rate cut, boosting growth stocks. Corning jumped 6.4%, Sunrun jumped 8.4%, Coinbase jumped 5.2%, Builders FirstSource jumped 2.6%, and Blue Bird jumped 2%.
