Weak Jobs Report Lifts Nvidia, Nasdaq 100 to Record Highs: Stock Market Today
A weak September payrolls print pared bets on more Fed tightening, lifting both the Nasdaq 100 and Nvidia stock to record highs.
Economy · News reference
Economist Justin Wolfers warns of a 'pink collar' economy as the U.S. sheds 23,000 jobs in July, with only the healthcare sector hiring.
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A weak September payrolls print pared bets on more Fed tightening, lifting both the Nasdaq 100 and Nvidia stock to record highs.
Friday's regular session has eight sectors higher and three lower, with growth sectors holding two of the top three positions. The leaders are clustered, with less than a quarter-point separating the top three sectors.
U.S. stocks edged higher, but CNN’s Fear & Greed Index fell to 27, remaining in fear. Accenture surged 16%, Micron gained 3%, while yields eased.
S&P 500 to open higher? Polymarket odds reach 70% as Wall Street digests September jobs, 24-year high Treasury yields, and Iran sanctions.
Jobs Report Shocker Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows
The stock market rally is expected to continue through year-end, driven by strong earnings growth, positive seasonal trends, post-midterm election relief, and massive AI infrastructure spending. S&P 500 earnings are projected to grow 23.9% year-over-year in Q3, while historical data shows an 89% success rate for gains from September through December when the index is up more than 10% through August. Rising bond yields reflect economic strength rather than inflation concerns, and Q4 holiday retail sales are projected to exceed $1 trillion for the first time.