Zacks Flags 23,000 July Job Loss as 3 AI Infrastructure Stocks Surge
Updated
Updated · TradingView · Aug 19
Zacks Flags 23,000 July Job Loss as 3 AI Infrastructure Stocks Surge
2 articles · Updated · TradingView · Aug 19
Summary
23,000 jobs were lost in July—the first negative monthly reading this year—prompting Zacks' latest Market Edge podcast to examine whether a 2026 U.S. recession is becoming more likely.
That concern comes even as AI spending nears $1 trillion and federal outlays on defense and agriculture remain strong, a mix Zacks said has still failed to produce a booming economy.
Stocks have not reflected that caution: the S&P 500 and Russell 2000 are hitting fresh highs, while the Federal Reserve left rates unchanged at its July meeting ahead of Sept. 15-16.
Zacks highlighted Arrow Electronics, MKS and SOLV Energy as AI buildout beneficiaries after strong Q2 results, with Arrow sales up 32% to $9.9 billion and SOLV backlog up 44% to $8.9 billion.