Market Overview - The U.S. stock indices experienced their largest gains since May 27, with the Dow Jones rising by 585.06 points (1.34%) to 44,173.64, the Nasdaq increasing by 1.95% to 21,053.58, and the S&P 500 up by 1.47% to 6,329.94, as over 7,700 stocks in the market rose [2] - The market's positive movement was influenced by lower-than-expected employment data, leading to speculation about a potential interest rate cut in September [7] Technology Sector Performance - Major tech stocks saw significant gains, with Nvidia up 3.6%, Meta up 3.5%, Google up 3.1%, Microsoft up 2.2%, and Apple up 0.5%. However, Amazon fell by 1.4%, while Tesla rose by 2.2% after granting CEO Elon Musk a stock award valued at approximately $29 billion [5] Employment Data Impact - The U.S. Labor Department reported that non-farm payrolls increased by only 73,000 in July, significantly below the expected 115,000, with the unemployment rate rising to 4.2%. Previous months' data were also revised downwards, showing a total reduction of 258,000 jobs over May and June [7][8] - The weak labor market data has led to increased bets on a rate cut by the Federal Reserve, with the probability of a September cut now at approximately 84% [8] Economic Indicators - U.S. factory orders fell sharply by 4.8% in June, driven by a significant drop in commercial aircraft orders [8] - The yield on the benchmark 10-year Treasury note decreased by 2.8 basis points to 4.19%, while the 2-year yield fell by 2.7 basis points to 3.68%, indicating a shift in interest rate expectations [7] Commodity Market Movements - International oil prices declined, with WTI crude oil down 1.54% to $66.29 per barrel and Brent crude down 1.31% to $67.76 per barrel, amid increased supply pressure from OPEC+ [9] - Gold prices rebounded, with COMEX gold futures for August delivery rising by 0.80% to $3,374.40 per ounce [9]

Core Viewpoint - Spotify plans to increase its monthly subscription fee for premium personal services in select markets starting September, aiming to improve profit margins after facing financial challenges [1] Group 1: Subscription Price Increase - Spotify is raising its subscription price from €10.99 to €11.99 (approximately $13.86) [1] - The price adjustment will affect markets including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region [1] Group 2: Financial Performance - The company's stock price rose over 5% prior to the announcement of the price increase [1] - Spotify's stock was previously impacted by a lower-than-expected Q3 guidance and disappointing key financial metrics in its Q2 earnings report [1] - Costs related to personnel, professional services, and marketing increased significantly, leading to a more than sixfold rise in financial costs year-over-year, reaching €447 million [1]

Core Viewpoint - Spotify plans to increase its premium subscription price in several markets starting in September, aiming to improve profit margins after facing financial challenges [1] Group 1: Subscription Price Increase - Spotify is raising its subscription price from €10.99 to €11.99 (approximately $13.86) [1] - The price adjustment will affect markets including South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region [1] Group 2: Financial Performance - Spotify's stock price rose over 5% prior to the announcement of the price increase [1] - The company experienced a significant drop in stock price last month due to lower-than-expected Q3 guidance and disappointing key financial metrics in Q2 [1] - Costs related to personnel, professional services, and marketing increased, leading to a more than sixfold rise in financial costs year-on-year, reaching €447 million [1]