Welcome to Markets Desk, here's what's moving right now.
The dollar is under pressure after June payrolls came in weaker than expected, sending the dollar index to a two-week low, off roughly half a percent on the session. The soft labor data effectively takes near-term Fed tightening off the table, and currency traders moved quickly on that read.
Crude caught a modest bid off the dollar's weakness, with August West Texas Intermediate recovering from a four-and-a-quarter-month low to close fractionally higher. It wasn't a conviction rally — short covering drove most of the move — and RBOB gasoline actually finished lower on the day, so the energy picture remains mixed heading into the weekend.
And in a story that says something about where consumer tech is heading, a Columbus gamer traded in one thousand dollars worth of physical game discs at GameStop just days after Sony announced it is ending the disc era entirely. It's a small human moment that lands against a much larger backdrop — the accelerating shift away from physical media and what that means for retailers still built around it.
That's the tape. Markets Desk, signing off the floor.
