rises on Wall Street; Monday jumps by about 6% and the Israeli jumps

4:30 p.m

Trading on Wall Street opened with gains: the Dow Jones rose by about 0.1%, the S&P 500 rose by about 0.3% and the Nasdaq rose by about 0.8%.

Israelis on Wall Street: after the doubling of CEO salaries was approved – Maniyat monday jumps by about 6%. stock Jay Prog Jumping more than 7.5% after the reports were published last night.

stock Spice X jumps by about 4%. Also coming up: SanDisk , Nvidia , Oracle , Microsoft , Marvel , Tesla , Intel , Amazon andBroadcom .

stock Chevron Loses about 1.5%. More coming down: Alphabetical (Google) andapple .

15:30

The American labor market is surprising: 23 thousand jobs were cut from the labor market in July, while the expectation was for the addition of about 80 thousand new jobs. The unemployment rate decreased slightly, and now stands at 4.1%, while the expectation was that it would rise to 4.3%.

Wall Street contracts are reacting with increases on the expectation that the weak employment data may prevent the Fed from raising interest rates in the upcoming decision in September.

According to Ronan Menachem, Chief Market Economist at Mizrachi Tefahot, “The labor market in the United States is deceptive as usual.

“This time – the downward direction. Instead of an addition of 80,000 jobs, in July, 23,000 jobs were subtracted, and 37,000 jobs were subtracted from the original figure for June. The increase for the month of May was also revised downwards to 63 thousand jobs and in total the revised increase for these two months is 103 thousand less than previously published. In total, only 23 thousand jobs were added to the US economy in the last three months.

“This month, the employment weakness was well expressed in the private sector, which added only 30,000 jobs instead of an additional 78,000 jobs.

“One of the explanations was that the employment data would show an improvement, precisely, against the background of the World Cup held this month in the United States, but the expectations were disappointed. This time the weakness was also expressed in the hourly wage line, which rose only 0.1%, a third of the market estimates and a third of the previous month’s increase.

“As a result, wages rose 3.2% in the last 12 months, instead of 3.5% according to market estimates and 0.2% less than the (revised) increase rate of June.

“The rate of the unemployed decreased slightly from 4.2% to 4.1%, but this figure comes against the background of a slight decrease in the rate of participation in the civilian workforce, so this is not really good news.

“It should be noted that the weak figure joins the figure on the consumer price index for the month of June, which also indicated a moderation from 4.2% to 3.5%.

“In a closed article, it is possible that the actual weakening is less surprising since the preliminary figure for the business sector (ADP report) published on Wednesday was also significantly lower than estimated.

“It should be noted that relying on a single month’s data is problematic, what’s more, employment data is quite volatile and is often revised significantly in retrospect. However, looking at the past three months as a single piece does point to the possibility of more sustained weakness.

“In any case, the market is not waiting and reacts accordingly. We see a sharp decline in the yield curve to maturity, with an emphasis on the shorter bonds, which indicates that this is a figure that may delay the interest rate hikes that we identified earlier. However, the maturity yields on the 10-year government bonds are also falling, which shows that the market estimates that the figure may moderate the interest rate path in the future as well.

“The capital market does now embody a 60% probability that the interest rate will remain the same next month, compared to only 33% a week ago.

“Similarly, you can see the positive effect of the data on the stock market, while contracts are currently rising, with an emphasis on the indices of the smaller stocks – the more local – and the technology stocks, which are likely to benefit from milder interest rate scenarios.

“The dollar loses 0.45% against the euro and 0.85% in relation to the representative rate of the shekel, while the latter falls below three shekels again.

“This is a first reaction that may turn out to be an overreaction, especially when the Fed under Kevin Warsh emphasizes first and foremost the determination to achieve the 2% inflation target. But we will have to wait, as the developments surrounding the contacts surrounding the conflict in the Middle East also continue to leave their mark.”

15:15

stock Jay Prog The Israeli company jumps by about 17% in pre-trade after surpassing Wall’s expectations in the line of profit and in the line of revenues in the second quarter of the year. The software company posted a profit of $0.27 per share on revenues of $163.8 million, compared to analysts’ estimates of $0.24 per share and revenues of $155.49 million. This is a 29% jump in revenues compared to the corresponding period. Revenues from the cloud sector jumped by 53% and amounted to 87 million dollars.

Monday’s stock jumps 5% in pre-trade. This is after the shareholders approved the doubling of the compensation package of the joint CEOs Roi Man and Eran Zinman, a few weeks after the dismissal of about 620 employees about two weeks ago, and after Monday’s stock lost about 38% of its value since the beginning of the year.

14:35

Trading on Wall Street is expected to open higher. Nasdaq contracts are up about 0.5%, the S&P 500 is expected to rise about 0.2% and the Dow Jones by 0.1%. Trading in Europe is going up at this time. Dax climbs 0.9%, Kac rises 0.4% and Putsy adds 0.7%. Stoxx 600 strengthens by 0.6%.

Trading in the US will open after the publication of this week’s important figure – the monthly employment report, when economists estimate that it will indicate a continued healthy increase in the number of jobs, against the background of the continued support of private consumption in economic activity.

Bank of America estimates that the employment report for the month of July will indicate a stable labor market, with the addition of approximately 80,000 jobs and a slight increase in the unemployment rate to 4.3% due to an increase in labor force participation – data that they say do not indicate a weakening of the economy. In the bank’s estimation, along with inflation that remains stubborn, the strong labor market strengthens the forecast for three more interest rate hikes by the Federal Reserve this year, and may even make it easier to make a decision to raise interest rates already in September. Accordingly, the bank recommends continuing to prefer investing in short-term US government bonds, and estimates that any stronger-than-expected employment figure will lead to a further increase in bond yields and more aggressive pricing of interest rate increases.

Yesterday, the number of initial claims for unemployment benefits in the US remained at a low level, indicating continued strength in the labor market. According to the US Department of Labor, new claims totaled 199,000 in the week ending August 1 – only a slight increase compared to the previous week. This is the third consecutive week in which the number of claims has remained below the 200,000 mark, a streak not seen since 1969 (57 years) a period when such low levels of unemployment were More common and the US labor market was significantly smaller.The four-week moving average, which neutralizes weekly volatility, also fell to its lowest level since September 2022.

petroleum

Developments in the Strait of Hormuz affected oil prices last night – the escalation in the Middle East and uncertainty surrounding the agreement to open the Strait of Hormuz pushed the price of Brent oil above $82 per barrel, a jump of 4%. Iran’s state news agency published a draft plan that includes restrictive conditions for vessel traffic in the Strait of Hormuz. However, now Brent oil is trading slightly lower around $82. WTI oil weakened slightly to $77 per barrel.

According to the draft plan, apparently, Iran will prohibit American and Israeli ships from passing through the Straits. Other countries that have harmed Iran will not be allowed to pass through the strait until they pay reparations, according to the draft. Tehran will impose fines on violators at a rate equal to 20% of the value of the cargo on board the ship.

stock Airbnb Jumps 7% in early trading, after the vacation rental company beat top and bottom line forecasts. Airbnb reported a 17% increase in revenue to $3.1 billion compared to the previous year. The net profit grew to 816 million dollars, compared to 642 million dollars in the corresponding period.

stock Cloudflare Jumping 16% in early trading, after the cloud cyber security company issued a strong forecast for the full year and the current quarter.

Nasdaq closed yesterday (Thursday) with a slight decrease against a background of weakness in chip stocks and storage memories, in which SanDisk andWestern Digital . Both companies posted strong results, but investors expected more. The S&P 500 fell 0.2%, and the Dow Jones halted after six days of gains and fell 0.8%, weighed down by declines in stocks Salesforce , Boeing andUnited Health .

Almost all sectors in the S&P 500 traded lower, with only two of the 11 sectors in positive territory. The energy sector (XLE) led the increases with a jump of more than 1%, while the communication sector (XLC) with a minimal increase. Among the energy stocks stood out Exxon Mobile andChevron . The increases in energy stocks come against the background of the surge in oil prices. Earlier this week, President Donald Trump said ExxonMobil and Chevron were “making too much money” from the spike in oil prices caused by tensions in the Middle East.

Alphabetical Examining the raising of up to 25 billion dollars in the American bond market, during which it examines the appetite of investors for the debt of technology companies after the wave of sales in the bond market in July.

stock SpaceX was in the spotlight yesterday, when for the first time since the IPO interested parties and early investors could sell their shares. But contrary to forecasts the stock recovered after the release of the shares to the market. It rises after falling to a new low. Investors seem to have absorbed the initial wave of supply.

Israeli women on Wall Street

The shareholders’ meeting of monday confirmed the doubling of the compensation package of the joint CEOs Roi Man and Eran Zinman, a few weeks after the dismissal of about 620 employees about two weeks ago, and after Monday’s stock lost about 38% of its value since the beginning of the year. The value of the salary package for each of them is expected to gradually increase from $7.3 million to $14.6 million by 2029. Yesterday, before the approval, the company published an explanation of the move to its employees following the criticism of the closeness between the raise request and the layoffs. “Completely separate processes, with timetables independent of each other,” it said. The stock is up about 4% in early trading.

The gaming company Playtics fell sharply even though it returned to profit in the second quarter of 2026, after ending the previous quarter with a loss.

Amdox Zinka jumped after reporting a quarterly profit of $1.84 per share, in line with analysts’ forecasts, compared to a profit of $1.72 per share in the corresponding period last year.

Asian stock exchanges

Asian stock markets closed this morning in a mixed trend. Nikkei fell 0.1% and Kospi lost 0.6%, Shanghai jumped about 1% and Hang Seng Hsu, 0.4%.

China’s export figures were published this morning, which grew more than expected in July, although growth slowed compared to the dizzying pace of June, with global demand for high-tech components helping to absorb the country’s goods. Exports increased by 23% (in dollar terms) in July compared to last year, official data from the Chinese customs showed, thus surpassing the forecasts of analysts who expected growth of 22.2%. This figure marks a slowdown from the 27% jump in June, which was the fastest pace since October 2021. Imports rose 27.5% last month, slightly less than analysts’ estimates of 27.9%, and a slowdown from the 36% jump in June – which was the fastest in five years.