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
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Topic
US jobs data● +8% 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
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US adds 29,000 jobs in September as unemployment rises to 4.2%
- Hiring fell from a revised 133,000 in August to 29,000 in September
- Unemployment rose to 4.2% from 4.1% in August
- US demand signals matter to Indian IT services companies reliant on American clients
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 Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Nasdaq Composite advanced 1.24%
- S&P 500 surged 0.82%, while the Dow Jones Industrial Average rose 0.61%
Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
- US nonfarm payrolls rose by 29,000 in September, versus 84,000 expected
- Unemployment rose to 4.2%, from 4.1% expected
- A softer US jobs market may affect Indian IT exporters through client demand and global rate expectations
‘Workers growing increasingly anxious’: US adds 29k jobs, far below 90k expected
- US employers added 29,000 jobs in September, far below economists’ 90,000 expectation
- The unemployment rate rose to 4.2%
- Weaker US demand may weigh on Indian IT exporters’ growth prospects
Asian shares fall amid bond and FX swings ahead of US jobs data
- Asian stock markets dipped amid turbulence in bond and currency markets
- Elevated oil prices were driven by military strains in the region
- Higher crude prices pressure Indian oil importers and fuel retailers
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors