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Tech stocks rally premarket as weak jobs report fuels rate cut hopes

Technical Signals
07 Aug 2026
FXEmpire
View Source
Bullish
Tech stocks rally premarket as weak jobs report fuels rate cut hopes

Major tech stocks Tesla, Nvidia, and Amazon are set to open higher following a weaker-than-expected jobs report that has investors anticipating interest rate cuts. Tesla shows potential to fill a price gap near $340, while Nvidia benefits from recent momentum and a SpaceX partnership announcement. Amazon continues its upward trend, supported by strong technical indicators. This rally reflects a "bad news is good news" sentiment as markets react to the possibility of looser monetary policy ahead.

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