Several stocks moved in opposite directions following the July jobs report, which showed an unexpected loss of 23,000 jobs and a steady unemployment rate of 4.1%, fueling bets on a Federal Reserve interest rate cut. Quanex rose 3.1%, Titan International gained 3%, Boise Cascade added 1.9%, and ChargePoint jumped 4.8%, while ESCO fell 6.5%. The weaker-than-expected data led investors to anticipate lower rates, which particularly benefit growth companies by boosting the present value of future earnings.
