U.S. Stocks Show Resilience Amid Hot Jobs Report
Friday, 4 October 2024, 07:47
Market Reaction to the Job Report
The U.S. stock market experienced a significant rally following the release of a hot jobs report. The Dow Jones Industrial Average rose as much as 0.7%, or 300 points, while the S&P 500 climbed 0.8%. Meanwhile, the tech-heavy Nasdaq surged by 1.2% and the small-cap Russell 2000 gained 1.6%
Implications of Rising Yields
Despite the positive growth, rising yields in the 10-year treasury note may pose challenges ahead. Investors are advised to remain cautiously optimistic as market fluctuations continue.
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