On Wednesday, October 4, the U.S. stock markets ended higher, led by tech-focused Nasdaq Composite, influenced by the September private payrolls data rising below expectations.
Private payrolls increased by 89,000 in September, significantly falling short of the anticipated 153,000 and down from 180,000 in August, as per the ADP and Moody’s Analytics report.
Data indicating a 32-month low in private job growth alleviated concerns of another Federal Reserve rate hike this year, pausing the rise in Treasury yields.
The Dow Jones Industrial Average closed higher by 0.39% at 33,129.55. The S&P 500 saw ...