Prospect Capital is trading at $2.33 (+5.20%), with improved broader risk appetite following softer-than-expected July payrolls.
- July payrolls unexpectedly fell 23,000, increasing expectations for Federal Reserve rate cuts.
- The Nasdaq Composite rose 0.86%, supporting a global risk-on backdrop.
- No August 7 company-specific announcement was identified; Prospect Capitalβs press-release page lists recent updates but no clearly dated catalyst explaining the move.