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Stocks rise Friday after soft jobs data, Nvidia leads Nasdaq to intraday record
The S&P 500 rose 0.2% as traders priced in the September nonfarm payrolls report and a 72% chance the Federal Reserve holds rates, analysts said.
- On Friday, the Dow Jones Industrial Average and Nasdaq Composite finished marginally higher as investors assessed fresh labor market signals ahead of September's nonfarm payrolls report.
- Natixis CIB Americas economist Christopher Hodge expects payrolls to increase by 60k, supporting a 72% likelihood that the Federal Reserve will stand pat in October.
- Treasury yields reached multiyear highs, with the 10-year note climbing to 5.344%—its highest level since 2002—while the 30-year bond yield hit a 24-year peak.
- Brent crude futures surged more than 4% to $102.31 per barrel after The Wall Street Journal reported the U.S. is sending a third aircraft carrier strike group to the Middle East.
- Traders await September's nonfarm payrolls report with the Dow Jones consensus calling for 84,000 jobs added and unemployment holding steady at 4.1%.
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5 Articles
Equities close higher as softer jobs data quiets rate-hike expectations
US stocks advanced on 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.
·London, United Kingdom
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Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
Factuality
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