Macro EconomyMedium•2 October 2026•
1 min read
US Stocks Rally as Weak September Jobs Data Fuels Rate Cut Hopes
Key Facts
1The Dow Jones rose 260 points or 0.51% following weaker-than-expected September jobs data.
2The Nasdaq Composite gained 1.19% while the S&P 500 advanced 0.76%.
The Dow Jones rose 260 points or 0.51% following weaker-than-expected September jobs data. Invezz reported that the Nasdaq Composite gained 1.19% while the S&P 500 advanced 0.76%, as disappointing employment figures reduced the perceived necessity for the Federal Reserve to maintain a hawkish stance.
NDAQ closed at $90.33 on October 2, 2026, with the stock trading between a day low of $89.67 and a high of $92.27. This market movement aligns with a shift toward a more dovish outlook as investors react to the macro miss in the labor market.