10 Rate-Sensitive Stocks Rally After Weak Jobs Data: Here's Why - VanEck Gold Miners ETF (ARCA:GDX), ASE
After a weak June jobs report (57,000 jobs vs 110,000 expected; BLS cut 74,000 from prior months), markets priced down a July Fed hike (FedWatch ~20%). Treasury yields and the dollar fell, lifting rate-sensitive assets: spot gold +2.5% to ~$4,134/oz and silver +4.3% to ~$61.80; gold/silver miners also rose. Benzinga Pro Movers cited HOOD (+9% to $118.39) and ASX (+4.1% to $44.74).