Oct 4, 2026 · 10 min · 8 segments
**Wall St** rose Friday, though ended off best levels after **non-farm payrolls missed expectations**, *slightly* dialling back rate hike bets (bad news is good news). **Dow Jones** up 250 points…
Henry JenningsHost
Well, I guess better than expected if you're, uh, looking for, uh, rates to be on hold.
Uh, we see, uh, a big miss on the September non-farm payrolls, up just twenty-nine thousand.
The market was going for around eighty-nine to ninety thousand, and August was revised down to a hundred and thirty-three thousand from initial one sixty-two thousand.
Uh, the expectations were for a hold at 4.1, so it does give the, the Federal Reserve a little bit more wriggle room, and we did see US markets respond positively to that.
Nasdaq up 1.2% to a record high, three hundred and nineteen points, twenty-seven thousand one hundred and ninety-one.
For a long time, the Nasdaq was half the price of the Dow, but it is now well and truly motoring ahead.
The S&P 500 in the middle for diddle, up 0.7 of a percent, fifty-six points to seventy-seven twenty-three.
And the Russell 2000 doing well, up 0.9 of a percent, twenty-six points there to twenty-eight thirty-three.
The VIX volatility index fell 6.6%, hardly unexpected with this breakout of optimism.
The ten years, though, up 4.1 basis points on the yield to 5.279, and the two years, 3.6 basis points to 4.83.
Well, I guess better than expected if you're, uh, looking for, uh, rates to be on hold.
Uh, we see, uh, a big miss on the September non-farm payrolls, up just twenty-nine thousand.
The market was going for around eighty-nine to ninety thousand, and August was revised down to a hundred and thirty-three thousand from initial one sixty-two thousand.
Uh, the expectations were for a hold at 4.1, so it does give the, the Federal Reserve a little bit more wriggle room, and we did see US markets respond positively to that.
Nasdaq up 1.2% to a record high, three hundred and nineteen points, twenty-seven thousand one hundred and ninety-one.
For a long time, the Nasdaq was half the price of the Dow, but it is now well and truly motoring ahead.
The S&P 500 in the middle for diddle, up 0.7 of a percent, fifty-six points to seventy-seven twenty-three.
And the Russell 2000 doing well, up 0.9 of a percent, twenty-six points there to twenty-eight thirty-three.
The VIX volatility index fell 6.6%, hardly unexpected with this breakout of optimism.
The ten years, though, up 4.1 basis points on the yield to 5.279, and the two years, 3.6 basis points to 4.83.
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