U.S. Stock Market Rally: Nasdaq Surges 2% as Investors React to Jobs Data and Fed Rate Cut Expectations
U.S. stock markets rallied sharply as the Nasdaq surged 2%, driven by investor optimism following weaker-than-expected July jobs data and rising expectations for a Federal Reserve rate cut. Major technology stocks, including Nvidia, Alphabet, Meta Platforms, Microsoft, and Tesla, led the gains, alongside strong performances in chipmakers like Broadcom and AMD. The labor market slowdown signaled by lower job additions and downward revisions has increased speculation that the Fed may ease monetary policy as soon as September. This shift triggered bond rallies and boosted market confidence, reversing earlier volatility and pushing key indices higher.


