Stocks Settle Higher as Weak Jobs Report Eases Rate Hike Fears

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

Stocks settled higher on Friday as a weaker-than-expected US jobs report reduced fears of imminent Federal Reserve rate hikes. The S&P 500 rose 0.62%, the Dow Jones Industrial Average added 0.28%, and the Nasdaq 100 gained 1.19%. US July nonfarm payrolls unexpectedly fell by 23,000, the first decline in five months, while average hourly earnings rose just 0.1% month-over-month, below forecasts. The report lowered the probability of a rate hike at the September FOMC meeting to 44% from 58% before the data. Corporate earnings also supported the market, with Atlassian surging more than 35% after forecasting stronger-than-expected Q1 revenue, and Microchip Technology rallying over 13% on an upbeat net sales outlook.

Impact on stocks 43

Cloud & Digital Infrastructure · 10 stocks
Atlassian Corp Plc
TEAM
▲ PositiveCapitalrelevance

Atlassian surged more than 35% after forecasting stronger-than-expected Q1 revenue.

Semiconductors · 7 stocks
Artificial Intelligence · 6 stocks
Cybersecurity & Digital Trust · 5 stocks
Consumer Discretionary · 2 stocks
Digital Finance & Tokenization · 1 stocks
Consumer Staples · 1 stocks
Biotech & Genomic Medicine · 1 stocks
Defense & Geopolitical Fragmentation · 1 stocks
Communication Services · 1 stocks
Robotics & Physical AI · 1 stocks