{"id":5854,"date":"2026-10-02T15:18:26","date_gmt":"2026-10-02T15:18:26","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5854"},"modified":"2026-10-02T15:18:26","modified_gmt":"2026-10-02T15:18:26","slug":"dow-jumps-324-points-as-weak-jobs-data-cools-october-fed-hike-bets","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5854","title":{"rendered":"Dow jumps 324 points as weak jobs data cools October Fed hike bets"},"content":{"rendered":"
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US stocks rose sharply on Friday after a weaker-than-expected September jobs report increased expectations that the Federal Reserve will leave interest rates unchanged at its October meeting.<\/p>\n

The Dow Jones Industrial Average rose 324 points, while the S&P 500 gained 0.79%. The Nasdaq Composite advanced 1.21%.<\/p>\n

The Labor Department’s employment report showed that the US economy added just 29,000 jobs<\/a> in September, down from a downwardly revised increase of 133,000 in August. <\/p>\n

Economists polled by Reuters had expected payrolls to rise by 90,000. <\/p>\n

Unemployment also increased to 4.2%, compared with expectations for it to remain at 4.1%.<\/p>\n

The report added to a series of recent economic indicators that have influenced expectations for the Fed’s next policy move.<\/p>\n

Treasury yields fall as October hike bets weaken<\/h2>\n

Treasury yields declined following the jobs data, with the 10-year yield falling more than four basis points to 5.20%. <\/p>\n

The two-year Treasury yield, which is closely linked to expectations for the Federal Reserve’s interest-rate policy, also declined for a second consecutive session.<\/p>\n

Markets were pricing in a 16% probability of a 25-basis-point rate hike in October, down from 26% before the employment report. <\/p>\n

CME FedWatch data indicated an 86% likelihood that the central bank would leave rates unchanged this month, compared with roughly 76% a day earlier.<\/p>\n

Expectations for an October hike had already weakened after recent data showed a slower-than-expected increase in inflation and comments from Federal Reserve policymakers suggested that the central bank could wait before raising rates again.<\/p>\n

The decline in Treasury yields also followed a rebound in the bond market on Thursday. <\/p>\n

The recovery came after a selloff earlier in the week pushed the benchmark 10-year yield to multi-decade highs.<\/p>\n

Despite Friday’s gains, the S&P 500 was on track for a weekly decline of about 1%, while the Dow was heading for a 1.7% weekly loss.<\/p>\n

Chip stocks lead gains as oil prices fall<\/h2>\n

Technology and semiconductor stocks led gains. Nvidia shares rose 2.15%, while Broadcom and Advanced Micro Devices gained about 1.56% and 3%, respectively. Amazon and Tesla each advanced more than 1.8% and 3.8% respectively.<\/p>\n

The broader market also received support from lower oil prices. <\/p>\n

Brent crude fell below $100 a barrel after reports that European countries discussed releasing additional diesel and crude stockpiles. <\/p>\n

Oil prices had previously risen amid concerns over fuel supplies and tensions surrounding the Middle East conflict.<\/p>\n

Lower oil prices could ease some of the inflation pressure that has complicated the Federal Reserve’s policy outlook.<\/p>\n

Other stocks moved sharply in trading. <\/p>\n

Nike shares fell 6.3%<\/a> after the company forecast a significant annual revenue decline, citing weakness in China, while also announcing job cuts and changes to its global business structure.<\/p>\n

Fair Isaac dropped 5.8% following a report that the US Federal Housing Finance Agency plans to ease mortgage credit data requirements for Fannie Mae and Freddie Mac.<\/p>\n

Bitcoin rose 4%, while Coinbase and Strategy gained about 5% each, reflecting the broader improvement in risk sentiment.<\/p>\n<\/p>\n

The post Dow jumps 324 points as weak jobs data cools October Fed hike bets<\/a> appeared first on Invezz<\/a><\/p>\n

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US stocks rose sharply on Friday after a weaker-than-expected September jobs report increased expectations that the Federal Reserve will leave interest rates unchanged at its October meeting.The Dow Jones Industrial Average rose 324 points, while the S&P 500 gained 0.79%. The Nasdaq Composite advanced 1.21%.The Labor Department’s employment report showed that the US economy added…<\/p>\n","protected":false},"author":1,"featured_media":5855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5854"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5855"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}