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Market Impact: 0.42
Stock Market Midday, Oct. 2: Stocks Rally as Weak Jobs Data Cools Fed Rate Hike Bets
Source: Nasdaq
Economic DataInterest Rates & YieldsMarket Technicals & FlowsInvestor Sentiment & PositioningTechnology & Innovation
The Nasdaq Composite rose 1.18% to a record 27,191 by 11:38 a.m. ET as soft labor data lifted technology shares. The S&P 500 gained 0.70% to 7,720, while the Dow Jones Industrial Average added 0.35%, reflecting a broad but tech-led risk-on response to data that may support easier monetary policy expectations.
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mildly positive
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