Capital Markets #us stock market#wall street
Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy
Wall Street traded higher on Friday after US employers unexpectedly cut 23,000 jobs, boosting expectations that the Federal Reserve may have more room before raising interest rates. The S&P 500 rose 0.4%, the Dow gained 114 points, and the Nasdaq climbed 1%, while Treasury yields declined and Brent crude slipped to $82.07 a barrel.
Aug 7, 2026 1 source