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S&P closes at record high as soft jobs report eases rate-hike concerns
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The Business Times
The Labour Department said nonfarm payrolls decreased by 23,000 jobs in July, well below the estimate of economists polled by Reuters that called for an increase of 80,000 jobs.
Elon Musk’s SpaceX surged a day after the expiry of the first of several share lockup restrictions following its record public offering in June.
Collaboration software maker Atlassian shot up while chip company Microchip Tech jumped after both forecast quarterly revenue above estimates.
Among other movers, vacation rental company Airbnb rose as the best performer on the S&P 500 after beating second quarter revenue estimates.
In contrast, Trade Desk plummeted as the worst performer on the benchmark index after the ad-tech firm forecast third quarter revenue below expectations.