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How Soft Jobs Report and Trump’s India Tariffs Drove Nasdaq +1.28% Rally — Market Wrap Aug 8, 2026
Today's AI insights from 7horns.ai reveal a market rally sparked by an unexpected loss of 23,000 US jobs in July and a dovish Fed outlook. The S&P 500 hit a new record, closing up 0.59% at 7,756, while the Nasdaq surged 1.28% to 26,686. President Trump's announcement of a 25% tariff on Indian goods added geopolitical tension, alongside Brazil's WTO consultation over US tariffs. Notable stock movers included Natera, soaring 21.12% on strong Q2 revenue, Airbnb rising 16.78% after an earnings beat, and Oklo up 14.22%. Conversely, nLIGHT plunged 24.55% due to supply-chain issues in China. Asian…
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