JS&P 500 Hits Record As Jobs Shock Sinks Rate-Hike Bets: Stock Market Today
U.S. payrolls fell 23,000 in July, gutting September Fed hike odds. The S&P 500 hit a record, while gold jumped to a seven-week high.
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Why It Matters
Fewer new jobs were created than expected, which makes it less likely the Federal Reserve will raise interest rates soon. That good news helped stock prices jump to all-time highs.
This read is generated by AI from raw market data and is for education only. It is not financial advice, not a signal, and not a recommendation to buy or sell.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.
