Nasdaq Rises 1%, S&P 500 and Dow Gain as Weak Jobs Data Tempers Rate-Hike Bets
US nonfarm payrolls rose only 29,000 in the latest reading, far below the 90,000 economist forecast.
Key points
- US nonfarm payrolls rose only 29,000 in the latest reading, far below the 90,000 economist forecast.
- The Nasdaq gained approximately 1% while the Dow Jones and S&P 500 also closed higher.
- Real estate stocks and small-cap Russell 2000 index gained roughly 1% on reassessed Fed tightening odds.
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