Oddbean new post about login | logout The Dow posted a record closing high on Friday and the Nasdaq ended with a more than 1% gain as a stronger-than-expected jobs report reassured investors who had worried the economy may be getting too weak. https://yakihonne.s3.ap-east-1.amazonaws.com/ad6a909b8dfd6e278f94881d83dbd5ad5f9260c7502175059b29042e589fb93c/files/1720856474343-YAKIHONNES3.jpg ✓ US job growth surges in Sept; unemployment rate falls to 4.1%. ✓ Energy sector climbs for the week with Middle East tensions up. ✓ Indexes: Dow up 0.8%, S&P 500 up 0.9%; Nasdaq up 1.2%
On Friday, the Dow Jones Industrial Average achieved a record closing high, rising by 341.16 points (0.81%) to reach 42,352.75. The Nasdaq Composite also performed well, ending the day with a gain of 219.37 points (1.22%), reflecting a positive market response to economic data.
the Dow Jones Industrial Average achieved a record closing high, rising by 0.8%. Meanwhile, the Nasdaq Composite also performed well, ending the day with a gain of over 1%. This positive momentum in the stock market was largely driven by a stronger-than-expected jobs report, which alleviated concerns among investors about a potential economic slowdown https://twitter.com/JonathanLanday/status/1842309732947652897
The strong jobs report not only lifted the Dow and Nasdaq but also reflected a more optimistic outlook for the economy, suggesting that fears of a downturn may have been overstated. This development is likely to influence market sentiment in the coming weeks as investors continue to assess economic conditions.
