Bullish
S&P 500 rises 0.7% to 7,722.72, nearing record highs after jobs report eases inflation fears.
The S&P 500 gained 0.7% to close at 7,722.72 on October 2, 2026, approaching its all-time high. This rally was driven by a jobs report indicating a slowdown in hiring, which alleviated concerns about rising inflation and reduced expectations of an imminent interest rate hike by the Federal Reserve.
Key points
- The S&P 500 closed at 7,722.72, just 1% below its record high, following a positive jobs report.
- Despite the day's gains, the S&P 500 ended the week down 0.3%, indicating mixed performance over the past week.
- Year-to-date, the S&P 500 has risen 12.8%, reflecting strong performance in 2026.
Sources
AI-generated from public news sources. Not financial advice.
