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After the Bell - Scarcity Is a Business Model Until Someone Builds More
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AFTER THE BELL — OCTOBER 2
THE HARD DRIVE REFUSES TO DIE
Friday’s September jobs report came in far weaker than expected, with just 29,000 payrolls added and 60,000 jobs removed from the prior two months through revisions.
Stocks liked the reduced pressure on the Federal Reserve. Bonds were less convinced.
The Dow gained 0.49%, the S&P 500 rose 0.73%, and the Nasdaq climbed 1.19% as investors tried to reconcile slowing hiring with still-low layoffs, cooler wage growth, and a 10-year…
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