Nasdaq Near Record as Stocks Rally on Weak Jobs Data — SkimNews
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- Nasdaq closed just below a record, with the Dow and S&P 500 also rallying after soft September U.S. jobs data was reported
- U.S. job growth came in weak for September, while bond yields rose in the same session — a tension the equity rally did not resolve
Why it matters: A weak September payrolls print is precisely the kind of data point that eases rate-hike fears and fuels equity rallies, which is exactly what the headlines describe — but the simultaneous rise in bond yields suggests fixed-income investors aren't treating the soft data as unambiguously bullish, a split that will define near-term market direction.
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