New York, Oct 2, 2026 (AFP)
Wall Street stocks jumped early Friday after lackluster US jobs data eased concerns about imminent Federal Reserve interest rate hikes, while oil prices tumbled.
Employment in the United States grew by 29,000 jobs in September, significantly missing analysts' expectations.
Ken Mahoney of Mahoney Asset Management described a "Goldilocks" report, "not too hot, not too cold," saying that "for the Fed, these numbers do not make a case for a rate increase in October."
About 35 minutes into trading, the Dow Jones Industrial Average was up 0.6 percent at 51,210.93.
The broad-based S&P 500 rose 1.0 percent to 7,742.87, while the tech-rich Nasdaq Composite Index climbed 1.6 percent to 27,309.37.
Markets were also cheered by a pullback in oil prices as G7 countries were holding talks Friday to coordinate action on tackling high fuel prices, after Washington upped pressure on Europe to release its strategic reserves or face a US diesel export ban.

Sumber : AFP