Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
Topic
Global markets▲ +26% net tone today
- Indian equities may remain volatile short term, while the medium-term Nifty 50 outlook is positive
- Japanese bond yields hovered near multi-decade highs as inflation concerns persisted
- Prediction markets expanded into US stocks, indexes and corporate events, raising oversight concerns
Stories per day
2827 Sept
12328 Sept
10029 Sept
6230 Sept
611 Oct
442 Oct
113 Oct
Nasdaq Leads Stocks Higher as Hiring Softens
- Nasdaq led stocks higher as hiring softened
- Bond yields turned higher and oil fell as the G-7 agreed to release diesel and crude
- Lower crude prices can ease costs for Indian oil-marketers, airlines and other fuel-intensive sectors
Rising bond yields, US midterms and earnings challenge stocks’ usual fourth-quarter strength
- US stocks typically perform well in the fourth quarter
- Rising bond yields, midterms and earnings pose challenges
Data▲
The Underwhelming Jobs Data That Sparked a Stock Rally
- September jobs data eased fears of further rate increases, sending the Nasdaq to an intraday high
5 world market themes for the week ahead
- Global markets are grappling with soaring borrowing costs
- France faces political volatility over budget decisions
