StocksMedium•2 October 2026•
1 min read
AMD Stock Rises 3% Following Weak US Employment Report
Key Facts
1AMD stock gained 3% on Friday as technology shares rallied following the US employment report.
2The US economy added only 29,000 jobs in September, missing expectations, while the unemployment rate rose to 4.2%.
AMD stock gained 3% on Friday as technology shares rallied following the release of the US employment report. Invezz reported that the upward movement in the stock price occurred alongside a broader sector advance triggered by disappointing economic data.
The US economy added only 29,000 jobs in September, missing market expectations, while the unemployment rate rose to 4.2%. These figures led to increased market speculation that the Federal Reserve will pause its interest rate hikes in response to the cooling labor market.