Global Stocks May Travel up 6% Through 2025 With the U.S. Dodging a Hard Landing: UBS
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%.
Odds of 50bp Rate Cut in November Plunge After Strong September Payrolls Report
Reaction Roundup: SA Analysts, Experts Weigh in on Jobs Report
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.