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Markets Rally on Weak Jobs Report | Closing Bell
Bloomberg Television· 2026-08-07 20:23
And right now we are two minutes away from the end of the trading day. Romaine Bostick taking you through to that closing bell. It's a global simulcast.Carol Massar Tim Sandvik they join us now. Welcome to our audiences across all of our Bloomberg platforms, television and radio, our partnership with YouTube, with the S&P 500 set to close out the week at another record high. And then I, you know, is looking at the weekly numbers up, what, 3.5% on the S&P 500 I like almost couldn't believe it.Um, because it ...
Market Open: Stocks Higher After Weak Jobs Report, Lyft & Airbnb Rise After Earnings 8-7-2026
CNBC Television· 2026-08-07 14:07
I'm Peter Shaknau, CNBC. Stocks have opened higher after a weaker thanex expected July jobs report. The Dow up 20 points at 53,920.The S&P 500 adding a third of a percent or 26 points. The Nasdaq Composite is up by 226 points or 9/10en of 1%. The US economy lost 23,000 jobs last month compared to the 83,000 job additions that economists were expecting.In Sarah Malik's view, that makes it less likely that the Fed will raise interest rates at its next meeting in September. She's chief investment strategist at ...
The July jobs report unexpectedly missed expectations, with a loss of 23,000 jobs.
Yahoo Finance· 2026-08-07 13:18
a drop of 23,000 jobs in the month of July. And average hourly earnings ticking up less than estimated, only by a tenth of 1%. Average hourly earnings on a year-over-year basis up 3.2%.And the labor force participation rate going down, not up to 61.4%. The unemployment rate coming in also ticking down, perhaps because we've got that decrease in labor force participation, 4.1%. That is a tenth of a percent better than estimated and a tenth of a percent lower than the prior. ...
X @CNN
CNN· 2026-08-07 12:51
The US economy unexpectedly lost 23,000 jobs last month.https://t.co/w2pJtUI3ee https://t.co/47TtzDrYdJ ...
🚨 BREAKING 🚨 July jobs report misses expectations.
Yahoo Finance· 2026-08-07 12:50
of 23,000 a drop of 23,000 jobs in the month of July. And not only that, the prior month, the month of June, being revised lower to 20,000 from 57,000. So that two-month payroll net revision down by 103,000.Uh manufacturing payroll is actually growing more than expected by 5,000 versus the 4,000 that was expected and uh actually being revised higher in June to 11,000 from 3,000. So strong manufacturing picture, not strong um ex manufacturing. Average hourly earnings ticking up less than estimated only by a ...