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Stocks-Equities Close Higher as Softer Jobs Data Quiets Rate-Hike Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=2672746219","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2672746219?lang=en_us&edition=fundamental","pubTime":"2026-10-03 04:00","pubTimestamp":1790971248,"startTime":"0","endTime":"0","summary":"US STOCKS-Equities close higher as softer jobs data quiets rate-hike expectationsNEW YORK, Oct 2 -US stocks advanced on Friday to close out the trading week after weaker-than-expected jobs data dampened expectations for a rate hike from the Federal Reserve at its policy meeting this month.The Labor Department saidnonfarm payrolls increasedby 29,000 jobs last month, with the count for the prior two months also revised sharply lower, and well below the 90,000 estimate of economists polled by Reuters.The weaker-than-anticipated data pulled down expectations for a rate hike of at least 25 basis points from the Fed at its meeting at the end of October to 22.7%, according to CME FedWatch, from 24.4% in the prior session and 64.2% a week earlier.\"Today's news was OK insofar as it means the economy isn't roaring,\" said Robert Bernstone, head of trading at SummitTX Capital in New York. \"But how good is 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500 Top and Bottom Performing Stocks at About 03:30 P.m. 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