US NFP misses expectations w/ downward revisions; US u/e rate moves lower alongside drop in participation rate; US initial and continued claims little changed W/W; Money markets continue to fully price one 25bps rate hike by the Fed by year end; Fed's Daly says can't decide now on rates; US Baker Hughes rig counts rise; TSLA Q2 deliveries fail to impress; Softer-than-expected Swiss CPI.

REAR VIEW: US JOLTS top expectations; US Consumer Confidence misses; Fed's Hammack said may need to consider hikes with inflation too high; Chinese NBS PMIs beat;…

ISM mfg PMI misses; US ADP short of St. consensus; US Challenger job cuts ease in June; OPEC+ reportedly likely to raise oil output quotas for August by 188k BPD; Trump said okay…

US NFP misses expectations w/ downward revisions; US u/e rate moves lower alongside drop in participation rate; US initial and continued claims little changed W/W; Money markets…

NASDAQ-100 fell sharply after the June NFP report showed just 57,000 jobs added versus 110,000 expected. Bitcoin held near $61,000 as markets diverged.

Nasdaq was hit as the tech and communication sectors lagged, while the Dow outperformed and printed a fresh record high.