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Market move● Neutral for Indian equities
Wall St set to open higher as jobs data dampens rate hike odds, yields fall
- US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Jim Cramer's top 10 things to watch in the stock market Friday
- I’m even more bullish about stocks than a year ago
- Soft September jobs report sends markets higher
- Wall St futures extend gains after non-farm payrolls data
US rate hike expectations ease
Softer-than-expected US inflation weakened the dollar and pulled Treasury yields lower, prompting traders to reduce expectations for Fed rate hikes. Goldman Sachs shifted its forecast for the next hike from October to December; subsequent reports cited cooling jobs data as further reducing October hike odds.
Friday, 2 October
- Wall St set to open higher as jobs data dampens rate hike odds, yields fall