Friday saw a little increase in the S&P 500 as investors began to ponder what the future holds for interest rates following an unexpected negative jobs report.
If the Nasdaq Composite increased by 0.8%, the broad index increased by 0.4%. With the session highs seeing a surge of over 300 points, the Dow Jones Industrial Average gained 47 points, or 0.2%.
First, the report indicated that nonfarm payrolls increased by 254,000 jobs in September, significantly exceeding the 150,000 increase predicted by Dow Jones’ panel of experts. Although it was expected to remain stable at 4.2%, the jobless rate decreased slightly to 4.1%.
Source (CNBC)
