A surprisingly strong U.S. jobs report is fueling expectations of a Federal Reserve interest rate hike by December. In corporate news, Lululemon slashed its annual forecast, sending its stock plunging, while Alphabet is raising $85 billion to fund its massive AI expansion. Broader market trends show speculative small-cap stocks outperforming giants, and analysts are projecting a multi-billion dollar economic boost from the upcoming FIFA World Cup.

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