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Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast

1 source · first seen 21:18 2 Oct · updated 21:18 2 Oct

The brief

Written from 1 report · check the source before you trade
  • Nasdaq hit a record high after disappointing US jobs data
  • Lower Treasury yields and declining oil prices accompanied the rise in US stocks
  • Lower US yields and oil prices may support Indian equities and import-sensitive sectors

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Wall Street29 todayUS jobs data30 todayBond yields72 todayCrude oil61 todayGlobal markets45 today

Linked by the tag US jobs data

57 stories this week
  1. 2 Oct‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expectedData · 1 source · US employers added 29,000 jobs in September, far below economists’ 90,000 expectation
  2. 2 OctBets on an October Fed rate hike fall as US job market coolsPolicy · 2 sources · The US added 29,000 jobs last month, below economists’ forecast of 90,000
  3. 2 OctLabor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%Data · 2 sources · US nonfarm payrolls rose by 29,000 in September, versus 84,000 expected
  4. 2 OctAsian shares fall as US jobs data looms after Treasury yield hits 24-year highMarket move · 1 source · Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
  5. 2 OctUS adds 29,000 jobs in September as unemployment rises to 4.2%Data · 4 sources · Hiring fell from a revised 133,000 in August to 29,000 in September
All US jobs data stories →

Read the reports

1 report · earliest 21:18
Economic TimesWhy US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast21:18