U.S. stock market morning session | September non-farm payroll data far exceeded expectations, with the three major indices opening higher before falling back slightly; most technology stocks rose, with AMD, tesla, and amazon up more than 2%.
As of press time, the Dow rose by 0.63%, the Nasdaq rose by 1.03%, and the s&p 500 index rose by 0.68%.
Major Indexes Are Trading Higher Following a Strong September Unemployment Rate and Nonfarm Payrolls Data.
Non-farm payrolls surged by 0.254 million people, with the unemployment rate unexpectedly falling. Has the US economy successfully achieved a "soft landing"?
USA companies exceeded all economists' expectations in recruiting numbers in September, with the unemployment rate falling unexpectedly to 4.1%; non-farm employment rose by 0.254 million people in September, the highest in six months.
S&P 500 Nears Record Highs On Hot Jobs Data: Dollar, Treasury Yields Surge As Aggressive Interest Rate Cut Hopes Fade
Express News | Traders wiped out the bet on a 50 basis point rate cut by the Federal Reserve in November.
Nearly doubled compared to expectations! September non-farm payrolls 'exceeded expectations', is the Fed slowing down rate cuts a 'foregone conclusion'?
Powell "saves" face, and traders are now lowering their expectations for the Fed's future interest rate cuts at the next four meetings to less than 100 basis points.