GARY is trading 1.56% higher as weaker July employment data lowered Treasury yields and supported technology shares.
- July nonfarm payrolls unexpectedly fell by 23,000, while unemployment declined to 4.1%, reducing expectations for near-term Fed tightening.
- The Nasdaq is outperforming broader indexes; strong Atlassian and Coherent gains are outweighing Trade Desk weakness.
- The move is primarily macro- and sector-driven, with GARYβs 47.7% information-technology exposure benefiting from easing yields and renewed risk appetite.