S&P 500 gains 0.62% as July payrolls drop 23,000 and rate-hike odds fall to 44%
AI Market Summary
A weaker US July payrolls print and softer wage growth pushed Treasury yields lower and reduced implied odds of a September Fed hike (to ~44% from ~58%), supporting risk assets. US equities finished higher (S&P 500 +0.62%, Nasdaq 100 +1.19%) alongside broadly strong earnings momentum, especially in software, cybersecurity, and semiconductors. Macro-driven duration bid and upbeat profit guidance improved near-term equity risk appetite.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.25%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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A weaker U.S. July jobs report cooled expectations for further Federal Reserve tightening, with the implied chance of a rate hike at next month’s FOMC meeting falling to 44% from 58%. U.S. stocks ended Friday higher, with the S&P 500 up 0.62%, the Dow up 0.28%, and the Nasdaq 100 up 1.19%. The 10-year Treasury yield slipped 3 bp to 4.65%. Atlassian jumped more than 36% after issuing a stronger-than-expected Q1 revenue outlook, while Cloudflare rose 4% after reporting better-than-expected earnings.
