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● +11% 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
332 Oct
43 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
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 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
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
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
US yields rise, reversing initial reaction to weak jobs report
- US yields rose, reversing their initial reaction to the weak jobs report
‘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
Data●
US economy adds just 29,000 jobs in September as hiring slows sharply
- The US economy added 29,000 jobs in September, as hiring slowed sharply
- US hiring weakness may affect Indian IT firms through client spending and Fed-rate expectations
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