Wall Street set for best week since April as payrolls surprise eases rate-hike jitters - The Korea Times

Wall Street hits record highs as July payrolls ease rate fears

July payrolls dropped 23,000 vs 80,000 forecast; Fed rate-hike odds fell to 42%; all stock indexes hit all-time highs. Reduced rate-hike expectations ease M&A funding and support AI capex commitments—August inflation report carries power to reverse this dovish scenario.