U.S. stocks climb after September payrolls rise by 29,000 and Fed October hike odds fall to 23%
AI Market Summary
A sharply weaker U.S. jobs report (29k vs 133k prior) cooled inflation fears and drove a rapid repricing of Fed policy, with implied odds of an October hike falling to ~23% from ~64%. Treasury yields dropped intraday, supporting equity multiples and lifting major U.S. indices toward record levels, led by rate-sensitive growth and AI-linked megacaps. Oil remained volatile, adding cross-asset uncertainty but not derailing the risk-on tone.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.56%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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U.S. employers added 29,000 jobs in September, far below expectations and sharply slower than August, easing inflation worries. Traders cut the implied probability of a Federal Reserve rate hike at its October meeting to less than 23% from 64% a week earlier, according to CME Group data. U.S. stocks advanced on the shift, with the S&P 500 up 0.7%, the Dow up 250 points and the Nasdaq up 1.2%. The 10-year Treasury yield dipped below 5.17%, while Brent crude swung between $98 and $103.
