The Latest Breaking News on US Job Market Wobbles: Shock Figures Reveal Hiring Slump and Steep Revisions Spark Recession Fears

The FTSE 100 index closed down 64.23 points at 9,068.58.

The stock market sold off last week on Trump tariffs and a weak jobs report. Meta Platforms, Microsoft, Apple and Amazon were key earnings.

The dollar index (DXY00 ) today retreated from a 2-month high and is down by -1.11%. The dollar tumbled today after the Jul payroll report showed the US labor market cooled more than expected, bolstering speculation the Fed may cut interest rates as soon as next month. Losses in the...

The S&P 500 Index ($SPX ) (SPY ) today is down -1.70%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.01%. September E-mini S&P futures (ESU25 ) are down -1.75%, and September E-mini Nasdaq futures...

“September is a lock for a rate cut, and it might even be a 50-basis-point move to make up the lost time.”

Trump, meanwhile, continues to beat the drum against Fed chair Jerome Powell.

While Amazon’s near-term guidance may appear cautious, its aggressive investments in AI and logistics will secure its dominance for years to come.

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

Amazon smashed expectations on their Q2 headline numbers but still the stock sold off. Here are two ways to think about playing it over the next few weeks.