Bullish
Nasdaq 100 rises 1.3% to 26,690.62 as weaker job data fuels rate hike delay hopes.
The Nasdaq 100 surged 1.3% to 26,690.62 on August 7, 2026, following a report that employers unexpectedly cut 23,000 jobs in the previous month. This weaker-than-expected job data raised hopes that the Federal Reserve might delay further interest rate hikes, boosting investor confidence. Technology stocks, particularly Nvidia and Broadcom, led the rally.
Key points
- Unexpected job cuts of 23,000 in July 2026 raise hopes for delayed rate hikes.
- S&P 500 hits new all-time high, indicating strong market performance.
- Technology stocks, including Nvidia and Broadcom, lead the market rally.
- Brent crude oil prices rise 1.3%, but impact on Nasdaq 100 remains limited.
Sources
AI-generated from public news sources. Not financial advice.
