🟢 Large Growth ETF (XOVR) is trading 4.15% up today after weak July payrolls boosted Fed easing hopes

XOVR is trading 4.15% higher as unexpectedly weak July payrolls increased expectations for a more accommodative Federal Reserve, pushing Treasury yields lower and improving the appeal of long-duration growth stocks.

• Nasdaq futures initially gained roughly 0.8% following the jobs miss.
• Upbeat guidance from Atlassian, Cloudflare, and Microchip Technology strengthened software, semiconductor, and AI-related shares.
• The move counters August 6 concerns about AI spending returns.