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July jobs miss flips Fed bets, sends S&P 500 and Nasdaq to weekly highs

8/7/2026

A weaker-than-expected July payrolls report reset Federal Reserve rate expectations Friday and lifted U.S.

The S&P 500 gained 0.3%, the Nasdaq Composite rose 0.9%, and the Dow Jones Industrial Average closed up 67 points, or 0.1%.

The September Fed policy meeting is the next fixed milestone for traders now repricing the path of rates.

What the print showed The economy shed 23,000 jobs in July against an 83,000 gain that economists polled by Dow Jones had forecast.

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