US EditionUS stocks rise and recover roughly half of Friday's wipeout
- U.S. stocks rose on August 4, 2025, recovering roughly half of Friday's sharp losses as markets opened amid ongoing economic concerns.
- The recovery followed a stunningly weak July jobs report showing payroll growth of only 73,000, raising expectations of a Federal Reserve rate cut in September.
- Investors also respond to President Trump's firing of the BLS commissioner over jobs data revisions and his continued criticism of the Fed amid worries that tariffs are hurting the economy.
- Key data included the S&P 500 gaining 0.8% in early trading, Dow Jones rising 310 points, Wayfair jumping 12.3%, and the unemployment rate worsening to 4.2%.
- These developments imply growing pressure on monetary policy to support growth, with Fed watchers expecting Chairman Powell to possibly cut rates at the upcoming September meeting.
115 Articles
115 Articles
The indices erased Friday's big losses - Dow jumps nearly 600 points - Nasdaq again above 21,000 - Boosted by corporate results and improved forecasts for a rate cut in September
The AEX closed 0.4 percent higher at 888.75 points. Markets across the rest of Europe also closed mostly in the green, except in Switzerland. Because the country hadn't reached an agreement with Donald Trump, it was imposed high import tariffs. Wall Street also rose: the Dow Jones rose 1.3 percent, recovering from Friday's losses.
Wall Street rallies as weak jobs data fuels Fed rate cut hopes | Honolulu Star-Advertiser
Wall Street’s main indexes bounced back today after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report.
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