Finance

The June nonfarm payrolls report revealed a significant slowdown in job growth, with only 57,000 positions added against a projected 113,000. This weaker-than-expected data has led market participants to push back expectations for a Federal Reserve interest rate hike, with many now looking toward December for any potential policy shift.

Despite a strong first half of the year, chipmakers experienced substantial losses recently, with the PHLX Semiconductor Index dropping over 5% in a single session. Major industry players including Nvidia, Micron, and Broadcom saw retreats as investors re-evaluated the high costs and profitability sustainability of current AI infrastructure spending.

Bitcoin recently reclaimed levels above $61,000 as the digital asset market showed signs of a rebound following a period of heavy correction. The recovery is being supported by five consecutive days of spot ETF inflows and shifting sentiment as macro pressures from hawkish central bank signals begin to ease.