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
US jobs data▲ +37% net tone today
- U.S. stocks rose as slowing jobs growth tempered expectations of another Fed rate hike this month
- U.S. yields rose, reversing their initial reaction to the weak jobs report
- The U.S. economy added 29,000 jobs in September as hiring slowed sharply
Stories per day
527 Sept
728 Sept
529 Sept
430 Sept
41 Oct
342 Oct
53 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
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
Bets on an October Fed rate hike fall as US job market cools
- The US added 29,000 jobs last month, below economists’ forecast of 90,000
- The unemployment rate rose to 4.2%
US yields rise, reversing initial reaction to weak jobs report
- US yields rose, reversing their initial reaction to the weak jobs report
Data●
Traders now see little chance of a Fed rate hike in October after weak jobs report
- Odds of an October Fed rate hike tumbled after a report showed a soft labor market
- More traders lowered the chance of a rate increase this month
U.S. Stocks Rise as Jobs Report Tempers Rate Outlook
- U.S. stocks rose after slowing jobs growth tempered expectations of another Fed rate hike this month
Why bond investors quickly lost their enthusiasm for weak labor figures
- Weak U.S. jobs data briefly revived demand for Treasuries as a safe haven
