U.S. Stocks Close Modestly Higher Following Choppy Trading Day
A softer-than-expected U.S. jobs report lowered rate-hike expectations, with futures pricing an 86% chance the Federal Reserve holds rates steady, according to CME FedWatch.
- On Friday, October 2, 2026, the Dow Jones Industrial Average and Nasdaq Composite opened higher as a softer-than-expected jobs report deepened prospects of an unchanged Federal Reserve rate this month.
- The economy added only 29,000 jobs in September, well below the 84,000-85,000 expected by economists, while the unemployment rate rose to 4.2% from 4.1% according to the Labor Department.
- Treasury yields dropped, with the 10-year yield falling more than 5 basis points to 5.176%, as CME FedWatch data showed an 86% probability the Fed will keep rates unchanged in October.
- Technology stocks led gains, as the Nasdaq climbed 1.3% and shares of Nvidia, AMD, CrowdStrike, and Palo Alto Networks moved higher amid lower oil prices.
- Despite Friday's gains, the Dow and Nasdaq remain on track for weekly losses following a sharp rise in global bond yields earlier in the week.
38 Articles
38 Articles
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.
Coverage Details
Bias Distribution
- 64% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
