🇺🇸 US Market Close — Stocks Finish Higher
US stocks ended Friday higher as weaker-than-expected jobs data increased expectations that the Fed may keep rates unchanged at its October meeting.
The Dow gained 0.5%, the S&P 500 rose 0.7%, and the Nasdaq climbed 1.2%.
The September jobs report showed only 29K jobs added, well below the 84K expected, while unemployment rose to 4.2%.
Tech stocks led the move higher. Nvidia, AMD, CrowdStrike and Palo Alto Networks all traded near record levels, with AMD closing almost 3% higher.
For crypto traders, this is important because a softer labor market can reduce pressure for further Fed tightening. If yields remain under control, risk assets like BTC could benefit from improving market sentiment.
But the key question now is whether this strength continues into next week.
Watch US yields + Fed expectations + BTC reaction.$NVDAB $AAPLB $NVDA.US
US stocks ended Friday higher as weaker-than-expected jobs data increased expectations that the Fed may keep rates unchanged at its October meeting.
The Dow gained 0.5%, the S&P 500 rose 0.7%, and the Nasdaq climbed 1.2%.
The September jobs report showed only 29K jobs added, well below the 84K expected, while unemployment rose to 4.2%.
Tech stocks led the move higher. Nvidia, AMD, CrowdStrike and Palo Alto Networks all traded near record levels, with AMD closing almost 3% higher.
For crypto traders, this is important because a softer labor market can reduce pressure for further Fed tightening. If yields remain under control, risk assets like BTC could benefit from improving market sentiment.
But the key question now is whether this strength continues into next week.
Watch US yields + Fed expectations + BTC reaction.$NVDAB $AAPLB $NVDA.US