Stock Market Today: Jobs Shock Sinks Rate-Hike Bets, S&P 500 Hits Record - Invesco QQQ Trust, Series 1 (N

The S&P 500 reached a record high after a surprising contraction in July payrolls and lower-than-expected wage growth, which significantly reduced bets on a September Fed rate hike. Software and gold mining sectors saw strong gains, while some companies like The Trade Desk and Post Holdings experienced significant declines due to missed earnings or cautious outlooks. The overall market reaction indicates increased optimism about interest rates following the weaker jobs report.