🚨📈 S&P 500 ROARS, WEAK LABOR DATA SPARKS WALL STREET RALLY 🔥
The S&P 500 index climbed 0.52%, adding 44 points to finish Friday's session at 7,750. The shocking U.S. labor contraction (23,000 jobs lost in July) weakened the Dollar Index (DXY dropped to 99.41) and slashed the probability of a Fed rate hike in September down to 46.3%. Less pressure from the Fed translation into instant stock market euphoria.
Top Gainers:
Airbnb ($ABNB): Rocketed +16.78% to $177.19, hitting highs not seen since April 2022 after smashing expectations with $3.61 billion in revenue and an EPS of $1.37.
Coherent Corp. ($COHR): Surged +12.43% to $391.37, stringing together its 7th consecutive green daily candle.
Next Catalyst:
All eyes now shift to next week’s critical U.S. Consumer Price Index (CPI) report, with consensus forecasting a slight dip to 3.4%. Technically, the index is targeting major resistance up at the 8,100 mark.
$COHR
#BinanceSquare #SP500 #WallStreet #Airbnb #MacroEconomy
The S&P 500 index climbed 0.52%, adding 44 points to finish Friday's session at 7,750. The shocking U.S. labor contraction (23,000 jobs lost in July) weakened the Dollar Index (DXY dropped to 99.41) and slashed the probability of a Fed rate hike in September down to 46.3%. Less pressure from the Fed translation into instant stock market euphoria.
Top Gainers:
Airbnb ($ABNB): Rocketed +16.78% to $177.19, hitting highs not seen since April 2022 after smashing expectations with $3.61 billion in revenue and an EPS of $1.37.
Coherent Corp. ($COHR): Surged +12.43% to $391.37, stringing together its 7th consecutive green daily candle.
Next Catalyst:
All eyes now shift to next week’s critical U.S. Consumer Price Index (CPI) report, with consensus forecasting a slight dip to 3.4%. Technically, the index is targeting major resistance up at the 8,100 mark.
$COHR
#BinanceSquare #SP500 #WallStreet #Airbnb #MacroEconomy