Nasdaq hits record high after softer jobs data eases rate hike fears

Summarised from 2 outlets · Updated 2 Oct, 17:13 · Archive

The Nasdaq reached a record high following softer-than-expected US jobs data.

US stocks opened higher following the release of jobs data that came in softer than expected. The weaker employment figures reduced concerns about the Federal Reserve raising interest rates, boosting investor sentiment and driving the Nasdaq to a record high.

How it is being reported

• Nasdaq hits record high following softer jobs dataPerth Now · 2 Oct, 16:37
• Nasdaq hits record high following softer jobs dataThe West Australian · 2 Oct, 16:37

In this story: Nasdaq · Federal Reserve · United States

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