ARKK is trading at $78.69 (+3.91%) after weak jobs data lifted hopes for easier Federal Reserve policy and lower rates for growth stocks.
- The July employment report unexpectedly showed a 23,000-job decline, versus expectations for an 83,000-job gain.
- AI and innovation shares are adding support, with Palantir opening 3.78% higher after strong earnings.
- Broader technology performance is mixed, suggesting the move is concentrated in high-growth holdings rather than a uniform sector rally.