On Friday, October 4th, U.S. markets closed higher, as the Dow closed at a record high and the Nasdaq gained over 1% after a stronger-than-expected jobs report eased concerns about economic weakness. U.S. job gains surged, reducing the likelihood of further aggressive rate cuts by the Fed.
According to economic data, the U.S. added 254,000 jobs in September, beating the 147,000 forecast, while the unemployment rate fell from 4.1% to 4.2%.
Most S&P 500 sectors closed higher, led by consumer discretionary, financials, and communication services, while real estate and utilities fell.
The Dow Jones Industrial Average was up 0.81% and closed at 42,352.75. The S&P 500 ended the day higher by 0.90% at 5,751.07, and the Nasdaq Composite rose 1.22%, finishing the session at 18,137.85.
Asian Markets Today
- On Monday, Japan's Nikkei 225 closed the session higher by 2.05% at 39,405.50, led by gains in the Mining, Chemical, Petroleum & Plastic and Power sectors.
- Australia's S&P/ASX 200 ended the day higher by 0.68% at 8,205.40, led by gains in the IT, Financials and Consumer Discretionary sectors.
- India's Nifty 50 was trading lower by 0.88% at 24,794.95, and Nifty 500 was down 1.52% at 23,178.45.
- China Markets closed for the National Day holiday.
- Hong Kong's Hang Seng rose 1.60%, ending the day at 23,099.78.
Eurozone at 06:00 AM ET
- The European STOXX 50 index declined 0.01%.
- Germany's DAX was down 0.20%.
- France's CAC was up 0.17%.
- U.K.'s FTSE 100 index traded higher by 0.35%.
Commodities at 06:00 AM ET
- Crude Oil WTI was trading higher by 2.49% at $76.24/bbl, and Brent was up 2.15% at $79.75/bbl.
- Natural Gas was down 1.16% at $2.821.
- Gold was trading higher by 0.34% at $2,676.80, Silver fell 0.62% to $32.193, and Copper slid 0.33% to $4.5585.
US Futures at 06:00 AM ET
Dow futures were down 0.44%, S&P 500 futures fell 0.52%, and Nasdaq 100 Futures declined 0.66%.
Forex at 06:00 AM ET
The U.S. dollar index rose 0.08% to 102.60, the USD/JPY was down 0.21% to 148.38, and the USD/AUD gained 0.06% to 1.4734.
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