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Macro EconomyMediumUpdated•Originally published 2 October 2026•Updated 2 October 2026•
1 min read

US Indices Rally as Soft Jobs Data Fuels Hopes for Accommodative Policy

Key Facts

1The Nasdaq closed just below a record high following the release of weaker-than-expected US jobs data.
2The Dow Jones and S&P 500 indices also rallied to close higher in Friday's session.

Major US stock indices rallied to close higher in Friday's session, with the Nasdaq finishing just below a record high. MarketWatch reported that the upward movement followed the release of weaker-than-expected US jobs data, which fueled expectations for a more accommodative monetary policy from the Federal Reserve.

The Dow Jones and S&P 500 also joined the rally to finish the session in positive territory. Investors interpreted the soft labor market figures as a sign of cooling economic activity, a factor that could potentially influence the Federal Reserve's upcoming decisions regarding the interest rate path.

Latest Updates · 1

  1. Notable·

    Update: The G-7 agreed on October 2, 2026, to release diesel and crude oil from strategic reserves. Following the announcement, oil prices declined while bond yields turned higher.