ASX Set to Rise After Jobs Report Boosts Wall Street; Sunrise Energy in Focus After Pentagon Deal The US jobs report has sent shockwaves through Wall Street, sparking a rally in stocks and sending yields on Treasury bonds tumbling.
The unexpected 23,000 job cut in July may have provided a welcome reprieve for investors, but it also raises questions about the health of the economy.
Major indices, including the S&P 500, which topped its all time high, are performing strongly, with the Dow Jones Industrial Average experiencing a modest gain and the Nasdaq composite jumping 1. 3%.