WS #11242
US nonfarm payrolls for June came in at 57K vs 113K expected, driving stocks higher and bond yields lower on reduced Fed rate-hike expectations. Meta's cloud business plans lift investor sentiment, with JPMorgan seeing potential $20B annual revenue from AI compute.
Weak June Jobs Report
US nonfarm payrolls for June came in at 57K vs 113K expected, driving stocks higher and bond yields lower on reduced Fed rate-hike expectations.
Meta's cloud business plans lift investor sentiment, with JPMorgan seeing potential $20B annual revenue from AI compute.