Overview
- U.S. equities on August 4 recaptured most of their late-July losses, with the S&P 500 rising 1.5% and the Dow Jones adding over 500 points
- Weak July payroll growth and steep revisions to prior months pushed CME FedWatch odds for a September rate cut to about 94%
- Upbeat second-quarter earnings from Idexx Laboratories and Tyson Foods supported the broader market rebound
- Asian shares climbed for a second session as South Korea’s KOSPI and Japan’s Nikkei led gains on renewed dip-buying
- India’s Sensex and Nifty slipped roughly 0.3% after President Trump threatened higher tariffs over New Delhi’s Russian oil imports