{
  "id": 11503796,
  "title": "Nasdaq climbs to record after softer jobs data cools rate-hike expectations",
  "url": "https://urgent.news/2026/10/02/nasdaq-climbs-to-record-after-softer-jobs-data-cools-rate-hike",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T18:43:30.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/wall-st-futures-gain-as-yields-oil-prices-ease-ahead-of-jobs-report-4929250"
  },
  "original_language": "en",
  "account": "US stocks rose on Friday, with the Nasdaq Composite reaching an intraday record high, as weaker-than-expected job data dampened expectations for an imminent Federal Reserve rate hike. The Labor Department reported a 29,000 increase in nonfarm payrolls last month, well below economists' expectations. This cooler data led to a reduction in the probability of a 25-basis point rate hike at the Fed's upcoming meeting from 24.4% to 23.8%. Robert Bernstone, head of trading at SummitTX Capital, noted that while the economy isn't booming, it's acceptable as it prevents the need for a near-term rate hike. However, concerns over the economy and inflation persist, leading to cautious optimism. Despite the gains, both the Dow and S&P 500 were on track for a fourth week of declines, but the Nasdaq was experiencing its fifth weekly gain in six. Tech stocks led the advance, with Nvidia and Tesla significantly boosting the S&P 500. However, job cuts at Nike and a drop in annual revenue forecasts weighed on the company's shares.",
  "summary": null,
  "key_points": [
    "Nasdaq reaches record high as softer jobs data eases rate hike expectations",
    "US adds 29,000 nonfarm payrolls last month, below economists' expectations",
    "Tech stocks, Nvidia and Tesla, drive Nasdaq's fifth weekly gain in six"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Why US stocks are rising: Nasdaq hits record after weaker jobs data cools rate-hike bets; Nike shares drop on forecast",
        "url": "https://urgent.news/2026/10/02/why-us-stocks-are-rising-nasdaq-hits-record-after-weaker-jobs-data",
        "published": "2026-10-02T15:48:45.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Stocks making the biggest moves midday: Tesla, Broadcom, Nike, ON Semiconductor & more",
        "url": "https://urgent.news/2026/10/02/stocks-making-the-biggest-moves-midday-tesla-broadcom-nike-on",
        "published": "2026-10-02T16:56:55.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}