macro
Wall Street weighs surprise July jobs contraction as stocks rally on fading rate-hike odds
The July employment report showed the economy lost 23,000 jobs with unemployment at 4.1%, and Wall Street economists called the details weak — 'very little to like', per Ameriprise's chief economist — even as equities rallied on bets the print takes a Fed rate hike off the table.
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'Very little to like': Wall Street assesses surprise July jobs report as stocks jump Ines Ferré · Senior Business Reporter Sun, August 9, 2026 at 9:35 PM GMT+10 2 min read ^GSPC ^IXIC ^DJI NVDA MSFT Wall Street is increasingly betting the latest jobs report will take a Fed rate hike off the table and give stocks room to climb. The Bureau of Labor Statistics' July labor market report showed the economy lost 23,000 jobs, far short of expectations. The unemployment rate fell to 4.1% as labor force participation dropped to a near-pandemic low. More from Yahoo Scout What are analysts' stock market…
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