Tutor Perini, AAON, Onterris, Quest Resource, and Blink Charging shares surge after weak jobs report

Macro
·US
Summary · why it matters

Shares of Tutor Perini, AAON, Onterris, Quest Resource, and Blink Charging jumped in after-market trading following a July jobs report that 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 stocks. Tutor Perini rose 2.9%, AAON gained 5.1%, Onterris surged 14.4%, Quest Resource climbed 9.9%, and Blink Charging advanced 11.9%. Onterris shares are down 30.1% year-to-date and trade 44% below their 52-week high of $31.06.

Impact on stocks 0