Overview
- The S&P 500 climbed 1.5%, the Dow rose roughly 585 points (1.3%) and the Nasdaq jumped 2% on Monday, reclaiming most of last week’s declines.
- July payrolls added just 73,000 jobs and prior months were revised down by 258,000 positions, intensifying bets on a September interest rate cut.
- President Trump fired the Bureau of Labor Statistics Commissioner in response to the weak jobs report, fuelling concerns over political interference in economic data.
- Idexx Laboratories soared about 27% and Tyson Foods gained 2.4% after both companies delivered stronger-than-expected quarterly profits.
- Tech giants Nvidia and Meta Platforms each rose at least 3.5% as dip buyers returned to the market despite persistent tariff uncertainties.