Stocks rise as weak jobs data eases Fed rate hike fears

Macro
โดย Barchart·US·Read original
Summary · why it matters

US stock indices advanced after an unexpected decline in July nonfarm payrolls and softer wage growth eased concerns about imminent Federal Reserve rate hikes. The S&P 500 gained 0.61%, the Dow added 0.25%, and the Nasdaq 100 rose 1.00%, while the 10-year Treasury yield fell 4 basis points to 4.64%. Software stocks surged, led by Atlassian’s more than 34% jump on a strong revenue forecast, and cybersecurity stocks rallied, led by an 8% jump in Cloudflare after its better-than-expected quarterly earnings. Chipmakers also gained, with Microchip Technology up more than 12% on an upbeat sales outlook, and Airbnb climbed more than 15% after reporting revenue above estimates and raising its full-year growth forecast.

Impact on stocks 43

Cloud & Digital Infrastructure▲ · 13 stocks
Cloudflare Inc
NET
▲ PositiveCapitalrelevance

Cloudflare reported better-than-expected quarterly earnings, boosting investor confidence.

Atlassian Corp Plc
TEAM
▲ PositiveCapitalrelevance

Atlassian's strong revenue forecast led to a surge in its stock price.

Semiconductors▲ · 7 stocks
Microchip Technology Inc
MCHP
▲ PositiveDemandrelevance

Microchip Technology provided an upbeat sales outlook, suggesting strong demand for its semiconductor products.

Critical Materials & Supply Chain▲ · 7 stocks
Cybersecurity & Digital Trust▲ · 6 stocks
Artificial Intelligence▲ · 3 stocks
Consumer Discretionary▲ · 2 stocks
Airbnb Inc
ABNB
▲ PositiveDemandrelevance

Airbnb reported revenue above estimates and raised its full-year growth forecast, indicating strong demand for its services.

Digital Finance & Tokenization▲ · 1 stocks
Biotech & Genomic Medicine▲ · 1 stocks
Communication Services▲ · 1 stocks
Robotics & Physical AI▲ · 1 stocks
Others▲ · 1 stocks

Theme Impact 3

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