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How Soft Jobs Data Sparked Meta's 6% Rally and Eased Fed Rate Hike Worries — Market Wrap Jul 11, 2026
Today's AI insights from 7horns.ai reveal a market rally led by tech giants after softer-than-expected June jobs data eased fears of a Federal Reserve rate hike. The S&P 500 rose 1.2% and the Nasdaq gained 1.7%, while the Dow and Russell 2000 slipped slightly. Meta Platforms surged nearly 6% on plans to sell surplus AI computing power, and Nvidia climbed 4% benefiting from a compressed valuation and its lowest forward P/E since 2019. The June jobs report showed only 57,000 new jobs added versus 110,000 expected, pushing the probability of a July Fed rate hike down from 29% to 18%. This relief…
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