GENERAL2 Oct 2026
Nasdaq climbs to record after softer jobs data cools rate-hike expectations | Stock Market News
US stocks rose on Friday as softer jobs data cooled expectations of a near-term Federal Reserve rate hike. The Nasdaq hit a record high, while the Dow and S&P 500 also gained. Weaker hiring signals a slowing American economy, which matters for Indian exporters and IT firms. Watch US market moves, but avoid knee-jerk changes to your investments.
Key Statutory Highlights
- The Nasdaq Composite climbed to an intraday record high, rising 1.14% to 27,179.15, while the Dow gained 0.43% and the S&P 500 rose 0.70%.
- US nonfarm payrolls increased by just 29,000 jobs last month, well below the 90,000 that economists polled by Reuters had estimated.
- Expectations for a Federal Reserve rate hike of at least 25 basis points later this month fell to 23.8%, down from 64.2% a week earlier.
Actionable Advice for Taxpayers / Founders:If you hold US-focused funds or export-linked stocks, review your exposure calmly with your advisor rather than trading on one day's headlines.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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