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Wall Street Rallies on Weak Jobs Data as Software Earnings Beat
A weak July jobs report sent stocks to a broad rally on rate-cut bets, with Atlassian and Twilio posting blowout earnings beats -- even as Bank of America's own sentiment gauge hit its most bullish reading since 2021.
DEEP DIVE
BIG TECH
Twilio Stock Soars 17% on Guidance Raise
BIG TECH+16.7% stock move
Twilio Stock Soars 17% on Guidance Raise
Twilio shares jumped as much as 16.7% after beating Q2 estimates and raising full-year revenue growth guidance from 14-15% to 18-18.5%, extending software's earnings-season divergence.
BRIEF