MACOM, Texas Instruments, Semtech, Amkor, Teradyne Rise on Easing Rate Pressure
Stocks including MACOM, Texas Instruments, Semtech, Amkor, and Teradyne saw gains in morning trading. This rise followed the release of U.S. employment data showing nonfarm payrolls increased by only 29,000 in September, falling short of the 84,000 projected. The weaker-than-expected jobs report led to a cooling of Treasury yields, alleviating interest rate pressures.
S. employment data pushed Treasury yields lower, easing interest-rate pressure. The Bureau of Labor Statistics said nonfarm payrolls rose by 29000 in September, below the 84000 projected.