Weak Jobs, Strong Tape: Dow Clears 54,000 as Wall Street Bets the Fed Stands Down
A surprise 23K drop in July payrolls is fueling a 'bad news is good news' rally: the Dow topped 54,000 and the S&P hit a record high as Fed hike odds for September fell sharply. Gold's rise alongside stocks hints the market isn't fully convinced the soft landing holds.