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.
Express News | After the non-farm payroll report, traders' expectations for the Federal Reserve's rate cuts in the next four meetings are less than 100 basis points.