Economy Robust, Stocks Mixed Ahead of Fed Decision

The September jobs report surpassed expectations, with nonfarm payrolls increasing by 119,000, significantly higher than the predicted 50,000. Despite a slight uptick in unemployment and slower wage growth, this data indicates a robust economy. The stock market, particularly the technology sector, welcomed the news, with some individual stocks like Coherent, Applied Digital, and Maximus seeing notable gains. However, Nvidias earnings report and potential Fed interest rate pause, along with Bitcoins drop and Home Depots missed earnings, contributed to the S&P 500s fourth consecutive daily decline.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.