US stock market today: Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy

Aug 7, 2026 - 21:30
US stock market today: Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy

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Large-cap technology companies provided much of the market's upward momentum, reflecting their significant influence on the broader indexes. Nvidia rose 1.3%, while Broadcom added 1.1%.

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