Bullish
Nasdaq 100 hits record high as September jobs report eases rate hike fears
The Nasdaq 100 reached a record high following a weaker-than-expected U.S. jobs report for September, which reduced expectations for an imminent Federal Reserve interest rate hike. The Labor Department reported a net gain of 29,000 jobs, significantly below economists' expectations of 84,000. This slowdown in hiring alleviated concerns about rising inflation, leading investors to push the Nasdaq 100 higher.
Key points
- Nasdaq 100 closes at record high after softer jobs data cuts rate-hike bets
- Moderna to replace Warner Bros. Discovery on Nasdaq 100
- G7 nations announce release of 100 million barrels of oil to stabilize prices
Sources
AI-generated from public news sources. Not financial advice.
