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News 2026-10-02 14:41 UTC

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.