Crypto

Jobs Report Spurts Interest Rate Cut Bets, Stocks Soar

Guavy AI Editorial Team Published August 8, 2026

The stock market reacted to the July jobs report, which showed an unexpected loss of 23,000 jobs. This weaker-than-expected data led investors to bet on a potential interest rate cut by the Federal Reserve.

A number of stocks jumped in response, including Corning (GLW), Sunrun (RUN), Coinbase (COIN), Builders FirstSource (BLDR), and Blue Bird (BLBD).

Corning's stock price increased 6.4%, while Sunrun saw a surge of 8.4%. Coinbase rose 5.2%.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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