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
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
Wall Street▲ +27% net tone today
- Wall Street is closing out a strong quarter
- Options volume in two unnamed Magnificent Seven stocks was more than 50% above its 30-day average
- MGM was reportedly exploring an offer for People Inc
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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
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%
Sleepless on Wall Street: All-night stock exchanges coming soon
- US equity exchanges will add an overnight session from 9 p.m. to 4 a.m. starting December 6
- The extended hours aim to cater to growing demand for overnight trading
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ETMarkets Smart Talk| ‘Desi to Videsi’: How GIFT City is changing the way Indians invest globally — Mustafa Pardiwala
- GIFT City offers Indian investors access to US stocks, ETFs and sectors such as AI
- Offers Indian investors another route to global diversification
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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
Wall Street Set To Open In Green? Slipping Oil Among Three Reasons Fueling US Stock Futures
- US stock futures rose, with cooling oil prices among the global cues
- The report said the cues could indicate a positive Wall Street opening
- Lower crude prices can ease costs for Indian oil importers and support broader equities
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
Nvidia’s chip financing strategy faces Wall Street scrutiny
- Nvidia’s financing plan has prompted debate over whether its chips and infrastructure can sustain the AI boom
- AI infrastructure demand affects Indian IT services and semiconductor-linked companies