HomeinvestingLive Americas market news wrap: Non-farm payrolls turn negative, dollar dropsinvestingLive Americas market news wrap: Non-farm payrolls turn negative, dollar dropsNewsAdam Button4 hours agoA weak US jobs report weighed on the US dollarUS July non-farm payrolls -23K vs +80K expectedCanada July employment change +75.1K vs +15K expectedCanada and the US discussing tariff relief dealFed's Barkin: We are in a zero-to-modest gain jobs environmentNew York Fed survey: One year inflation expectations dip to 3.6% from 3.
7%Baker Hughes US weekly oil rig count: Unchanged at 588US official says there is progress on Iran-Oman on Strait of HormuzMarkets:Gold up $106 to $4345US 10-year yields down 2.8 bps to 4.64%WTI crude oil down 42-cents to $76.
87JPY leads, USD lagsS&P 500 up 0.6%. Nasdaq up 1.
3%S&P 500 up 3.5% on the week, best since AprilThe weak non-farm payrolls report put to bed some of the worries about an overheating US jobs market and sustained rise in inflation. Instead, we're back to the low-hiring, low-firing paradigm that many Fed officials have highlighted over the past year.
That's an improvement in the inflation outlook and odds for a Sept hike are now below 50%. Of course, expect another swing after next week's CPI report.USD/JPY fell hardest after the data as Japan's finance minister piled on with some intervention talk.
The pair sank to 157.04 from 158.35 but there were dip buyers waiting and they walked it back to 157.
99 before a second wave of selling left it near 157.50 late in the day.The dollar was universally weak after the data, as you would expect.
From worries about a surprise Fed hike a week ago, we've really changed the conversation and that's going to keep Fed officials waiting and watching rather than advocating. Naturally, stock markets like the lower yields and that extended a great week for US equities. The move had less drama than some of the recent choppy days and it was generally cruise control after the open, though not enough to challenge the record from earlier in the week.
Gold was a big winner once again on the dovish US shift. There also continues to be positive talk out of Hormuz but I don't think anyone has truly bought into a long-term peace trade. Gold gained nearly 10% on the week and the GDX ETF had its second-best week ever.
The top S&P 500 performers on the day:RankStockTickerToday1AirbnbABNB+16.27%2Microchip TechnologyMCHP+13.43%3CoherentCOHR+12.
73%4PalantirPLTR+9.67%5Axon EnterpriseAXON+8.70%6ModernaMRNA+8.
52%7Honeywell AerospaceHONA+7.08%8NewmontNEM+6.83%9AptivAPTV+6.
71%10UberUBER+6.42%On the week, the winner was Coherent, which is a manufacturer of optical materials and semiconductors. The market is unsure about whether to buy the memory names on AI capex because capacity will come online in 2028 but is suddenly more confident about sustainable gains from Coherent, Lumentum and Corning.
RankStockTicker1-week1CoherentCOHR+43.60%2PalantirPLTR+39.85%3Zebra TechnologiesZBRA+28.
04%4LumentumLITE+24.44%5GartnerIT+22.89%6NewmontNEM+20.
42%7CorningGLW+19.85%8LeidosLDOS+18.85%9First SolarFSLR+18.
49%10AirbnbABNB+17.29%ADVERTISEMENT - CONTINUE READING BELOWText SizeTagsSession wrapWrap North AmericaAdd as a preferredsource on GoogleMost PopularinvestingLive Americas market news wrap: Non-farm payrolls turn negative, dollar dropsThe chart that should worry every new gradUS official says there is progress on Iran-Oman on Strait of HormuzEarnings week ahead preview: The season's last big week belongs to the neocloudsBaker Hughes US weekly oil rig count: Unchanged at 588Bitcoin Holds $65,000 as Ethereum Tests Support: Is the Crypto Breakout Still Alive?New York Fed survey: One year inflation expectations dip to 3.
6% from 3.7%Fed's Barkin: We are in a zero-to-modest gain jobs environmentCanada and the US discussing tariff relief dealUS dollar sinks on shock contraction in jobsADVERTISEMENT - CONTINUE READING BELOWBest in 2026SponsoredGeneral Risk WarningBest Futures Brokers in USA for 2026: Detailed ComparisonBest Prediction Market Platforms in 2026: Detailed ComparisonBest Prop Firm in 2026: Detailed ComparisonBest Forex Brokers in 2026: Detailed ComparisonBest Online Brokers in the US 2026: Detailed ComparisonADVERTISEMENT - CONTINUE READING BELOWADVERTISEMENT - CONTINUE READING BELOWTelegram CommunityGain Access