Stock Market News Today: July Jobs Report Smashes Expectations
The US economy added 528,000 new jobs in July, more than double the consensus economist estimate of 250,000.
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The US economy added 528,000 new jobs in July, more than double the consensus economist estimate of 250,000.
Meta CEO Mark Zuckerberg warned of an economic downturn after the Facebook parent's second-quarter revenue and earnings missed targets.
Alphabet and Microsoft posted better-than-feared earnings, but commodity prices rallied as Russia cut flows of natural gas to Europe.
Tech giants Apple, Amazon, Microsoft, and Alphabet will all release quarterly earnings reports later this week.
Of the 43 S&P 500 companies that have already reported results, about 60% beat profit and sales expectations, according to Fundstrat.