The Economy Lost Jobs, Wall Street Threw a Party: What Moved Markets This Week
US payrolls shrank by 23K in July. Here is how weak jobs data sparked gains for tech, gold, and top weekly movers.
When fewer people got jobs, investors got excited because they think the Federal Reserve (the bank bosses) might lower interest rates soon. This made tech stocks and gold go up—people were betting on what happens next, not on companies doing better right now.
Last session drawn · prints held ~15 minutes · licensed exchange data
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.