US Stocks Surge, Nasdaq Hits Record High After Weak Jobs Data
US stocks surged Friday, with the Nasdaq-100 reaching a new record high and Treasury yields falling, following a surprisingly weak September jobs report that lowered expectations for a Federal Reserve rate hike this month. The Dow Jones Industrial Average gained as much as 400 points, and the S&P 500 also advanced.
S. stocks jumped on Friday, with the Nasdaq-100 reaching a fresh record high and Treasury yields falling after a weaker-than-expected September jobs report lowered expectations for a Federal Reserve rate hike this month. The Dow Jones Industrial Average rose by as much as 400 points, while the S&P 500 was up 0…