Stocks rise after soft jobs data; Nasdaq hits record led by Nvidia: Live updates
The Nasdaq reached a record high as weak US employment data reduced expectations for further interest rate hikes. US equity indexes jumped across the board after the jobs report signaled a shift in Federal Reserve policy tightening bias. This market reaction coincided with a slump in crude oil prices. Investors reacted positively to the softer labor market data, which suggests a cooling economy that may prompt the central bank to pause or reverse its current rate-hiking trajectory.
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- ✓ The Nasdaq reached a record high after soft jobs data tempered rate-hike bets.
- ✓ US equity indexes rose following a weak jobs report.
- ✓ Crude oil prices slumped following the employment data.
What changed
US equity indexes jumped and the Nasdaq hit a record high after the release of soft jobs data.
Live updates
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Nasdaq hits record high following soft US jobs data
The Nasdaq reached a record high as weak US employment data reduced expectations for further interest rate hikes. US equity indexes jumped across the board after the jobs report signaled a shift in Federal Reserve policy tightening bias. This market reaction coincided with a slump in crude oil prices. Investors reacted positively to the softer labor market data, which suggests a cooling economy that may prompt the central bank to pause or reverse its current rate-hiking trajectory.
Why it matters
Market participants closely monitor employment numbers to predict Federal Reserve actions on interest rates. Lower-than-expected jobs growth often increases the likelihood of rate cuts or pauses to prevent economic stagnation. This specific report triggered a reversal in sentiment regarding policy tightening.
What is confirmed
- The Nasdaq reached a record high after soft jobs data tempered rate-hike bets.
- US equity indexes rose following a weak jobs report.
- Crude oil prices slumped following the employment data.
What to watch next
- Federal Reserve official statements on policy tightening bias
- Subsequent economic data regarding inflation and employment
confidence 100%Sources used for this update (15)
- www.cnbc.com — Stock Market News - CNBC
- www.investors.com — Stock Market Today | Investor's Business Daily
- www.investing.com — Investing.com - Stock Market Quotes & Financial News
- www.cnn.com — Stock Market Data - US Markets, World Markets, and Stock Quotes
- finance.yahoo.com — Yahoo Finance - Stock Market Live, Quotes, Business & Finance...
- finance.yahoo.com — Most Active Stocks: US stocks with the highest trading volume ...
- www.tradingview.com — Markets Today — Quotes, Charts, and Events — TradingView
- CNBC — Stock futures are little changed as September jobs report looms: Live updates
- Bloomberg.com — Asian Stocks to Fall on Oil Rally, Bonds in Focus: Markets Wrap
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures rise ahead of key jobs report as oil steadies
- AP News — World shares mixed after global bond sell-off deepens and ahead of US jobs data
- WSJ — Jobs Report Today: Bond Market Steadies as Investors Await Employment Numbers — Live Updates
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