Stock Futures Rise on Negative Jobs Report, Reduced Fed Rate Hike Bets
By EC Assets · Published
US stock futures gained ground following a negative jobs report. This report lowered expectations for a Federal Reserve rate hike. US rate futures indicated reduced chances of a September rate hike after the jobs data. Stock futures extended their gains after the release of July nonfarm payrolls data. This market reaction suggests investors are processing the implications of the jobs report for monetary policy. The derivative market is also showing activity. Bullish derivative bets align with a "buy, the, dip" investor mentality. This is a factor in the rising volatility observed in memory stocks. Concerns exist within the optical stocks sector regarding China. Beijing controls a key chokepoint that Washington's current policies do not address. This article is intended for informational purposes only. It does not constitute investment advice.
Stay informed
Market commentary, firm news and research from EC Assets - direct to your inbox.