U.S. Stocks Close Modestly Higher Following Choppy Trading Day
- On Friday, Oct 2, 2026, main indexes opened higher as a softer-than-expected jobs report deepened prospects of an unchanged Federal Reserve interest rate this month.
- The economy added only 29,000 jobs in September, well below the 84,000 expected, while the unemployment rate rose to 4.2% from 4.1%, according to the Labor Department.
- Trading in federal funds futures showed an 86% probability the Fed will keep rates unchanged in October, while Treasury yields declined, with the 10-year yield dropping to 5.176%.
- The Nasdaq Composite climbed 1.3% at the opening bell, while the Dow Jones Industrial Average rose 0.7%, led by gains in technology stocks.
- Despite Friday's gains, the Dow Jones Industrial Average remains on track for weekly losses, even as lower oil prices provided support to sentiment.
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Key indicators in Wall Street rose at the opening on Friday, after a report that showed slower jobs than expected to keep United States interest rates unchanged this month, leading to a greater decline in treasury bonds returns, while oil prices falling contributed to improved morale.
The New York Stock Exchange, which received the US employment report in September, began trading on an upward trend. At 9:38 a.m. on the 2nd (local time), the Dow Jones 30 Industrial Average showed a level of 501280.04, which was 353.48 points (0.69%) higher than the previous trading day. The Standard & Poor's (S&P) 500 Index rose 67.61 points (0.88%) to 7734.06, the Nasdaq Composite Index
Nasdaq leads Wall Street higher after weak US jobs data; Dow gains 200 points
Indices on Wall Street jumped on Friday, as yields dropped from their highs after a surprisingly weak jobs report raised hopes the Federal Reserve will hold rates steady in October. The Dow Jones Industrial Average rose 194 points, or 0.6%. The S&P 500 gained 0.7%, while the Nasdaq Composite climbed 1.3%.
The New York Stock Exchange is satisfied with the employment figures. The New York Stock Exchange opened up in sharp progress on Friday, satisfied with the latest...
Wall Street opens higher as softer payrolls data, lower yields lift sentiment
WALL Street’s main indexes opened higher on Friday (Oct 2), as a softer-than-expected jobs report deepened prospects of an unchanged US rate this month, leading to a bigger drop in Treasury yields, wh... Read more at The Business Times.
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