US Stock Market Barometer
Strong non-farm data exceeds expectations, US three major indices hit new highs again, rate cut timing may be delayed
2026-08-02 01:13:36
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US July non-farm payrolls report unexpectedly strong, with new jobs far exceeding market expectations, unemployment rate falling to historic low, and wage growth accelerating. The strong labor market reduces the possibility of Fed interest rate cuts in the short term, but the three major US stock indices still hit new highs supported by economic resilience and corporate profit prospects. This article analyzes the impact of the data on the US stock market outlook and discusses sector rotation and
