RONB is trading 5.62% higher after the July employment report unexpectedly showed a loss of 23,000 jobs versus roughly 80,000 expected, reducing fears of a September Fed rate hike.
- This is primarily a broad growth-market and risk-sentiment rally, not company-specific; RONB's significant Tesla and SpaceX exposure may amplify lower-rate expectations.
- Nasdaq up about 0.69% shortly after open; strong Microchip Technology and Atlassian forecasts lifted chip/software sentiment; neither is identified as a dominant RONB holding.