Surprise! U.S. nonfarm payrolls unexpectedly declined by 23,000 in July, with previous two months' figures revised down by a total of 103,000, dampening expectations for further rate hikes.

Expected to rise by 80,000 but plunged by 23,000 instead! The latest U.S. nonfarm payroll data unexpectedly cooled significantly—has a September rate hike become nothing more than wishful thinking?

wallstreetcnAug 7 21:04

The U.S. July nonfarm payroll data presents a mixed picture: employment declined while unemployment fell—how do Wall Street analysts interpret this?

The U.S. July nonfarm payrolls report has been released, with mixed signals in the data leaving investors uncertain about the true state of the labor market.

Zhitong FinanceAug 8 14:25

Top 20 by Trading Volume | SpaceX surges another 16%, up 23% over two days since lock-up expiration; AI infrastructure provider Lumentum rises over 6%, set to report latest earnings after market close next Tuesday; memory stocks extend losses, with SanDis

SpaceX, which ranked first in trading volume among U.S. stocks on Friday, rose 15.83%, with a trading value of USD 30.212 billion. According to reports, SpaceX plans to build its own power generation facilities to supply electricity to the large semiconductor manufacturing plant it is jointly developing with Tesla in Texas, USA.

Global Markets UpdateAug 8 06:28

U.S. Markets Close | Weak Jobs Report Dampens Rate Hike Expectations; S&P 500 Hits New Record High. Software Stocks Surge, with Atlassian Jumping 35% Post-Earnings and Palantir Rising Over 10%. Gold Rebounds Strongly Above $4,300.

The S&P 500 rose 0.59% to close at 7,755.61, the Nasdaq Composite gained 1.28% to 26,686.48, and the Dow Jones Industrial Average advanced 0.28% to 54,036.93. All three major U.S. equity indices recorded their largest weekly gains since mid-April this week. Spot gold surged 2.3% to $4,336 per ounce. WTI crude traded at approximately $77.5 per barrel, while Brent crude was around $82.5 per barrel. The yield on the 10-year U.S. Treasury note stood at 4.65%.

wallstreetcnAug 8 06:23

The schedule shows that Worshe never had any phone calls with Trump in June.

Waller’s first full month as Federal Reserve Chair included no meetings or calls with Trump listed on his schedule. The schedule shows that Waller held calls or meetings with members of Congress, White House officials, and private-sector economists, including three breakfast meetings with U.S. Treasury Secretary Bessent.

wallstreetcnAug 8 06:05

The U.S. Treasury Department's revised stance has sparked market speculation that the U.S. may reduce long-term bond supply to steer long-end interest rates lower.

The U.S. Department of the Treasury has made a minor adjustment to its quarterly debt issuance policy statement, changing the reference to "potential future increases" in coupon securities auctions to "potential future changes." Some dealers speculate that officials may be considering reducing the auction size of the longest-dated debt and concentrating any future issuance increases on shorter- and medium-term instruments, which carry lower costs, potentially boosting sentiment toward longer-dated bonds.

wallstreetcnAug 8 05:58