US stocks climbed, with the Nasdaq reaching a record after a weak September jobs report showed hiring slowed sharply and unemployment ticked up, cooling expectations for a rate hik
US stocks climbed, with the Nasdaq reaching a record after a weak September jobs report showed hiring slowed sharply and unemployment ticked up, cooling expectations for a rate hike and easing bond yields. Industrials gained alongside tech, with a major machinery maker rallying on a large investment announcement, while crypto-linked and software names drifted lower despite the broader lift. Geopolitical tension with Iran and a strong dollar remain background pressures as investors weigh whether the soft labor data signals relief or a slowing economy.
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