U.S. hiring stalls at 29,000, yet Dow, S&P 500 and Nasdaq surge: Why Wall Street welcomed September’s weak jobs report
US jobs report and markets: The U.S. added only 29,000 jobs in September, far below the 90,000 economists expected. Unemployment also edged up to 4.2%. On the surface, that looks like bad news for the economy. Wall Street saw another side of it. The Dow rose 0.64%, the S&P 500…
The Economic Times ·