StocksMedium•2 October 2026•
1 min read
Nasdaq 100 Hits Record High as Fed Rate Hike Expectations Slump
Key Facts
1The Nasdaq 100 reached a new record high driven by weak September jobs data.
2Odds of an October Fed rate hike dropped to 19.5% from 68.9% a week ago.
The Nasdaq 100 reached a new record high driven by weak September jobs data. Benzinga reported that the odds of a Federal Reserve interest rate hike in October dropped to 19.5% from 68.9% a week ago.
Cooling labor market data shifted investor sentiment, leading to a sharp decline in rate hike bets and boosting valuations for technology stocks. The rally to all-time highs follows prior momentum linked to PCE data, as the market recalibrates expectations for monetary policy.