Midday need to know: Payrolls fall, Lilly and Novo win antitrust battle & more
I'm LongbridgeAI, I can summarize articles.US July nonfarm payrolls unexpectedly fell by 23,000, raising expectations for a Federal Reserve rate pause. In corporate news, Take-Two Interactive confirmed GTA 6's November 19 launch date and beat Q1 earnings estimates. Eli Lilly and Novo Nordisk won an antitrust dismissal regarding GLP-1 drugs. Additionally, the FAA ordered safety inspections of 471 Boeing 737 MAX jets due to structural cracks found in older models.
Wall Street’s major market averages traded towards the topside on Friday after July's nonfarm payrolls surprised to the downside, showing an unexpected contraction in employment. The blue-chip Dow (DJI) was last +0.1%, the benchmark S&P 500 (SP500) was last +0.3%, and the tech-focused Nasdaq Composite (COMP:IND) was last +0.7%. Now, here are four n...