US Stocks Rise Toward Their Record After the Latest Jobs Report Calms the Rattled Bond Market
The Dow rose 357 points and the Nasdaq gained 1.2% after employers added 29,000 jobs, easing fears of faster Federal Reserve tightening.
- On Friday, U.S. stocks rose as a weaker-than-expected September jobs report eased bond yield pressure, helping markets recover toward all-time highs.
- Ballooning bond yields had pressured stock markets, with the 10-year Treasury yield reaching 5.34% on Thursday, the highest level recorded in years.
- Government data showed employers added 29,000 jobs last month, badly missing expectations for around 90,000, while the 10-year Treasury yield eased to 5.20%.
- European indices rallied in response, with Britain's FTSE 100 climbing 0.3%, France's CAC 40 rising 0.6%, and Germany's DAX up 1.2%.
- Brent crude fell 2.4% to below $100 a barrel on Friday, though President Donald Trump threatened to "blow them up" regarding Iran on Wednesday.
22 Articles
22 Articles
US stocks rise near their record after the latest jobs report calms the rattled bond market
U.S. stocks are rising near their record after the latest jobs report cooled worries that a potentially hot U.S economy could make inflation much worse. The S&P 500 climbed 0.9% Friday and pulled within 0.8% of its all-time high. The…
Reformatorisch Dagblad
welingelichtekringen.nlNew York stock exchanges opened with gains on Friday following the release of the important US government jobs report. Job growth in the United States in September was significantly weaker than expected. Sports brand Nike was among the losers on Wall Street due to disappointing quarterly figures and outlook.
Stocks and bonds rise as jobs ease Fed-hike wagers: Markets wrap
By Rita Nazareth (Bloomberg) — A sharp slowdown in the U.S. jobs market drove stocks higher as bond yields fell on speculation the Federal Reserve won’t be forced to raise interest rates any time soon. Those bets revived the appetite for riskier corners of the market, with the S&P 500 paring most of its weekly …
US stocks rise toward their record after the latest jobs report calms the rattled bond market
NEW YORK (AP) — Some relief is returning to the rattled U.S. bond market after the latest jobs report cooled worries that a potentially hot economy could make inflation worse. The resulting drop in bond yields early Friday helped stocks jump back toward their all-time high. The S&P 500 rallied 0.9%. The Dow Jones Industrial Average rose 357 points, and the Nasdaq composite climbed 1.2%. All of Wall Street got a jolt after the government said emp…
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