Fed rate pause hopes propel S&P 500 and Europe to record highs

Macro
โดย Dow Jones·USEU·Read original
Summary · why it matters

The S&P 500 and European stock markets closed at record highs, buoyed by weaker-than-expected US jobs data that reduced the likelihood of a Federal Reserve rate hike in September. The S&P 500 ended at 7,757.64, up 47.68 points or 0.62%, while Europe's STOXX 600 closed at 660.25, gaining 2.06 points or 0.31%, marking its fourth consecutive record close. The US Labor Department reported that nonfarm payrolls fell by 23,000 in July, against expectations of an 80,000 increase. Among individual stocks, SpaceX surged 15.8% after the expiration of its first post-IPO lock-up period, and Atlassian soared 35.3%, its biggest one-day gain on record.

Impact on stocks 2

Space Economy▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Atlassian Corp Plc
TEAM
▲ PositiveCapitalrelevance

Atlassian soared 35.3%, its biggest one-day gain on record, likely due to earnings or other capital news.

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