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● LIVE Updated 1h ago · 14 sources tracked

Stock Market Today: Nasdaq Leads Charge On Rate Hopes; Nvidia Hits Highs

The Nasdaq-100 reached a record high and Nvidia hit new peaks as investors bet the Federal Reserve will skip an October rate hike. This optimism follows a weak September jobs report showing nonfarm payrolls increased by only 29,000, missing expectations. While tech strength drove the rally, major averages face a losing week overall due to pressure from rising Treasury yields. Investors are now balancing cooling labor market data against bond market weakness as they prepare for the upcoming earnings season.

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  • ✓ U.S. nonfarm payrolls increased by 29,000 in September.
  • ✓ The unemployment rate rose to 4.2%.
  • ✓ The Nasdaq-100 reached a record high.
🛡️ Source Corroboration: 14 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

September employment data showed a significant hiring slowdown and a rise in unemployment to 4.2%.

Live updates

  1. Nasdaq and Nvidia Hit Record Highs Amid Soft September Jobs Data

    The Nasdaq-100 reached a record high and Nvidia hit new peaks as investors bet the Federal Reserve will skip an October rate hike. This optimism follows a weak September jobs report showing nonfarm payrolls increased by only 29,000, missing expectations. While tech strength drove the rally, major averages face a losing week overall due to pressure from rising Treasury yields. Investors are now balancing cooling labor market data against bond market weakness as they prepare for the upcoming earnings season.

    Why it matters

    The Federal Reserve typically adjusts interest rates based on inflation and employment data. A cooling job market often increases the likelihood of a rate hold or cut to support economic growth. This tension between labor data and bond yields creates volatility for equity markets.

    What is confirmed

    • U.S. nonfarm payrolls increased by 29,000 in September.
    • The unemployment rate rose to 4.2%.
    • The Nasdaq-100 reached a record high.
    • Nvidia reached new highs.
    • September job growth was lower than expected.

    Still unconfirmed

    • The Federal Reserve will skip the October rate hike.
    • Treasury yields reversed an early drop on Friday.

    What to watch next

    • The Federal Reserve's decision on the October rate hike.
    • Upcoming corporate earnings season reports.
    • Further shifts in Treasury yields.
    Sources used for this update (15)
    1. www.gulf-times.com — tag - Gulf Times
    2. www.cnbc.com — Stock market today: Live updates - CNBC
    3. cnbc.com — U.S. nonfarm payrolls increase by 29,000 in September, less than expected; unemployment rises to 4.2%
    4. Reuters — Fed seen skipping October rate hike as job market cools
    5. Yahoo Finance — US posts weak job growth data in September
    6. The New York Times — Soft Jobs Report Boosts Market Bets Fed Will Skip October Rate Increase
    7. pro.thestreet.com — Bad News Was Good News Friday — for Stocks, Not Bonds
    8. AP News — US hiring slows and unemployment ticks higher with a month remaining before Americans head to polls
    9. PBS — What a hiring slowdown signals about the state of the U.S. economy
    10. Investor's Business Daily — Stock Market Today: Nasdaq Leads Charge On Rate Hopes; Nvidia Hits Highs
    11. CNBC — Labor market faltered in September as jobs increased by just 29,000, unemployment rate rose to 4.2%
    12. WSJ — Opinion | A Burst of New Workers in September
    confidence 95%
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