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
Wall Street▲ +25% net tone today
- September jobs data eased fears of further rate increases, sending the Nasdaq to an intraday high
- Nasdaq Composite hit a record high after disappointing US jobs data
- US equity exchanges will add an overnight session from 9 p.m. to 4 a.m. starting December 6
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291 Oct
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How AI is redefining Wall Street jobs — and boosting demand for this new 'hottest skill' by 1,721%
- Banks are ramping up hiring for AI engineers skilled in coordinating teams of specialized agents
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
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
