🟢 Tech ETF (QTUM) is trading 2.55% up on August 7, 2026, as weak jobs data boosts rate-cut hopes

QTUM is trading at $152.81 (+2.55%) as the weak July employment report renewed expectations for easier Federal Reserve policy.

• July employment showed an unexpected loss of 23,000 jobs, versus expectations for roughly 80,000–83,000 additions, while unemployment fell to 4.1%.
• The data lowered Treasury yields and supported growth-oriented technology shares. The broader Nasdaq is also higher, confirming a sector-wide move.
• Stronger forecasts from Microchip Technology and Atlassian added support to semiconductor and software stocks, reinforcing technology-sector momentum.