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Tech stocks rally as weak July jobs report boosts SpaceX, Palantir, and Cloudflare shares.

Market News
07 Aug 2026
Forbes
View Source
Bullish
pluang ai news

Major tech stocks surged following a weaker-than-expected jobs report for July, which showed a drop in payrolls. SpaceX shares jumped 11% from a recent low, despite being down 16% since their June debut. Palantir rose 8.4%, continuing a strong weekly gain of 35%, while Cloudflare's stock climbed 6% after surpassing revenue expectations. This rally reflects investor optimism in tech despite broader economic concerns.

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