Jobs Report Today: Dow Opens Higher, Yields Fall as Hiring Softens
United States stocks climbed toward record levels following the release of the September jobs report, which showed softening hiring and helped calm a rattled bond market. Stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq rose ahead of the employment numbers as oil prices steadied. Earlier in the week, financial markets faced downward pressure from rising bond yields and geopolitical tensions involving Iran, alongside an announcement from OpenAI halting the development of certain advanced artificial intelligence models. The subsequent jobs data provided relief to equity investors worried about persistent economic overheating.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ U.S. stock futures for the Dow, S&P 500, and Nasdaq rose ahead of the September jobs report as oil steadied.
- ✓ The latest jobs report calmed the rattled bond market and helped U.S. stocks rise toward their records.
- ✓ Stock markets tumbled on Monday in international trading, with India's Sensex plunging 1,124.02 points, or 1.52 per cent, to 72,771.72.
What changed
Stock futures rose and bond yields retreated after the September jobs report indicated that hiring had softened.
Live updates
-
Stocks Rise and Bond Yields Fall After September Jobs Report
United States stocks climbed toward record levels following the release of the September jobs report, which showed softening hiring and helped calm a rattled bond market. Stock futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq rose ahead of the employment numbers as oil prices steadied. Earlier in the week, financial markets faced downward pressure from rising bond yields and geopolitical tensions involving Iran, alongside an announcement from OpenAI halting the development of certain advanced artificial intelligence models. The subsequent jobs data provided relief to equity investors worried about persistent economic overheating.
Why it matters
Prior to the jobs report release, major indexes experienced turbulence driven by shifting expectations around inflation and monetary policy. A cooler-than-expected core personal consumption expenditures inflation reading had previously offered temporary support, but surging yields ultimately triggered broad market stumbles toward the end of the month. International markets also saw sharp declines, highlighted by a steep drop in India's Sensex and Nifty 50 indices. The September employment figures served as a crucial turning point for investor sentiment regarding the health of the labor market.
What is confirmed
- U.S. stock futures for the Dow, S&P 500, and Nasdaq rose ahead of the September jobs report as oil steadied.
- The latest jobs report calmed the rattled bond market and helped U.S. stocks rise toward their records.
- Stock markets tumbled on Monday in international trading, with India's Sensex plunging 1,124.02 points, or 1.52 per cent, to 72,771.72.
Still unconfirmed
- OpenAI halted development of some advanced artificial intelligence models, adding to technology sector weakness.
What to watch next
- Federal Reserve policy decisions responding to the softening hiring data
- Further movements in bond yields and stock market indices toward record highs
confidence 90%Sources used for this update (10)
- finance.yahoo.com — U.S. stock futures dip as markets parse Iran tensions, OpenAI training halt
- www.thehindubusinessline.com — Stock Market Highlights, Sept 28: Sensex tanks 1,124 points, Nifty ends below 22,800 - The HinduBusinessL....
- pro.thestreet.com — Cool Inflation Print Overshadowed by Rising Yields as Stocks Stumble Into Quarter-End
- CNBC — Stock futures are little changed as September jobs report looms: Live updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise ahead of key jobs report as oil steadies
- WSJ — Jobs Report Today: Bond Market Steadies as Investors Await Employment Numbers — Live Updates
- Pioneer Press — US stocks rise toward their record after the latest jobs report calms the rattled bond market
- Barron's — Stocks Roar Back in Face of Bond Yield Retreat
- www.conference-board.org — US Consumer Confidence
- finance.yahoo.com — Stock market today: Dow, S&P 500, Nasdaq futures rise ahead of key jobs report as oil steadies
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community