Softer jobs data quiets Wall St rate-hike expectations
The Labor Department said payrolls rose by 29,000, while CME FedWatch cut the odds of a 25-basis-point hike to 22.7%.
- New York stocks advanced on Friday, with the Dow Jones Industrial Average rising 250 points, as weaker-than-expected jobs data dampened expectations for a Federal Reserve interest rate hike this month.
- The Labor Department reported nonfarm payrolls increased by 29,000 jobs last month, well below the 90,000 estimate from economists polled by Reuters, pulling down rate-hike odds to 22.7 per cent.
- Mega-Cap stocks led gains, with Tesla gaining 4.7 per cent and Nvidia up 1.3 per cent, while Nike stumbled 3.6 per cent and data storage providers Western Digital and Seagate Technology tumbled about 10 per cent.
- Robert Bernstone, head of trading at SummitTX Capital in New York, said, "Today's news was OK insofar as it means the economy isn't roaring," reflecting cautious optimism among traders.
- Despite Friday gains, the Dow fell 1.26 per cent for the week while the Nasdaq rose 0.45 per cent, as investors brace for potential market squeezes through year-end.
15 Articles
15 Articles
U.S. stock indices ended on Friday, as the lower-than-anticipated US labour market data reduced the likelihood of a rapid increase in the Federal Reserve (FRF) core rate.
Tulsa World
The Billings GazetteEquities close higher, rate-hike expectations down
NEW YORK — Stocks advanced Friday to close out the trading week after weaker-than-expected jobs data dampened expectations for a rate hike from the Federal Reserve at its policy meeting this month.
Copper Jumps As Weak Us Jobs Data Signals Fed Easing
NoSmokeSport - Sports News & Latest Trending World News NoSmokeSport - Sports News & Latest Trending World News - Better Sport News Copper prices surged after weaker-than-expected US jobs data in September 2026, signaling potential relief from Federal Reserve interest rate hikes and softe... The post copper jumps as weak us jobs data signals fed easing first appeared on NoSmokeSport - Sports News & Latest Trending World News and is written by Je…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
