Latest / US News Today | 2 Min News | The Daily News Now!
Jobs Report Shapes Fed Rate Outlook | US News
Futures surged as traders braced for the pivotal July jobs report, with tech stocks leading the charge—Microchip and Atlassian smashed earnings forecasts, fueling AI-driven gains across the Nasdaq. Cloudflare’s upbeat revenue outlook added to the momentum, while new U.S. trade policies targeting polysilicon imports aim to wrestle back semiconductor and solar supply chains from China, lifting related stocks. With economists predicting 80K new jobs and steady wages, the Fed’s next move hangs in the balance—any hint of tightening could send yields higher and oil prices climbing, keeping…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.