{"id":5860,"date":"2026-10-03T15:15:34","date_gmt":"2026-10-03T15:15:34","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5860"},"modified":"2026-10-03T15:15:34","modified_gmt":"2026-10-03T15:15:34","slug":"dow-rises-260-points-as-weak-jobs-data-lifts-us-stocks","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5860","title":{"rendered":"Dow rises 260 points as weak jobs data lifts US stocks"},"content":{"rendered":"
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US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. <\/p>\n

The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%.<\/p>\n

The Nasdaq briefly reached an all-time high during the session before retreating from its peak as Treasury yields rebounded. <\/p>\n

Despite Friday\u2019s gains, the Dow and S&P 500 posted weekly declines, while the Nasdaq extended its recent run of gains.<\/p>\n

Weak jobs data lifts stocks<\/h2>\n

The US economy added 29,000 jobs in September, well below the 84,000 increase expected in the Dow Jones consensus and the 90,000 estimate in a Reuters poll. <\/p>\n

The unemployment rate rose to 4.2% from 4.1%.<\/p>\n

Payroll figures for the previous two months were also revised lower, adding to evidence of weaker labour-market conditions. <\/p>\n

The data prompted traders to reduce expectations for an October rate increase.<\/p>\n

According to CME FedWatch data cited in the reports, the probability of the Fed leaving interest rates unchanged at its October meeting rose to 77% from around 76% a day earlier. <\/p>\n

Reuters data showed that expectations for at least a 25-basis-point rate hike fell to 22.7%, from 24.4% in the previous session and 64.2% a week earlier.<\/p>\n

Treasury yields initially declined following the jobs report but later recovered, limiting the gains in equities.<\/p>\n

Tech stocks lead market gains<\/h2>\n

Technology stocks were among the strongest performers as investors increased exposure to risk-sensitive assets.<\/p>\n

Nvidia shares reached an all-time high for the first time since May. <\/p>\n

CrowdStrike, Palo Alto Networks and AMD <\/a>also reached record levels. <\/p>\n

Megacap stocks including Nvidia and Tesla <\/a>provided significant support to the S&P 500. <\/p>\n

Tesla\u2019s gains helped lift the consumer discretionary sector, which was the best-performing of the 11 major S&P sectors.<\/p>\n

Rate-sensitive stocks also advanced. The S&P 500 real estate index gained about 1%, while the small-cap Russell 2000 rose around 1% for its biggest daily gain in a month.<\/p>\n

Recent economic data showing resilient activity and slower-than-expected inflation, along with comments from Federal Reserve policymakers cautioning against another rate increase, had already reduced expectations for an October hike earlier in the week.<\/p>\n

Weekly losses persist<\/h2>\n

Despite Friday\u2019s advance, the Dow fell about 1.3% for the week, while the S&P 500 declined around 0.2%. <\/p>\n

The Nasdaq gained roughly 0.5% over the week and recorded its third consecutive daily gain.<\/p>\n

The Dow and S&P 500 both recorded their fourth weekly decline in the past five weeks, while the Nasdaq posted its fifth weekly gain in the last six weeks.<\/p>\n

Outside the technology sector, Nike shares fell after the sportswear company forecast a sharp decline in annual revenue, citing weakness in China. <\/p>\n

The company also announced job cuts and changes to its global business divisions.<\/p>\n

Data storage stocks also declined. Western Digital and Seagate Technology<\/a> were among the weakest performers in the S&P 500 technology index. <\/p>\n

The declines followed a report that Toshiba plans to double production capacity for hard disk drives used in AI data centres within fiscal 2027.<\/p>\n

Oil prices also pulled back after reports that European countries were considering releasing strategic fuel reserves, providing additional support to equities.<\/p>\n

The post Dow rises 260 points as weak jobs data lifts US stocks<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stocks ended higher on Friday after weaker-than-expected September jobs data reduced expectations for a Federal Reserve rate hike later this month. The Dow Jones Industrial Average rose 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%.The Nasdaq briefly reached an all-time high during the session before retreating…<\/p>\n","protected":false},"author":1,"featured_media":5861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5860","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\/5860","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=5860"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5860\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5861"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}