Dow jumps 400 points after weak jobs data sends yields tumbling: Live updates - CNBC

Dow Jumps 400 Points Following Weak Jobs Report

United States markets experienced significant gains following the release of weaker-than-expected employment data. The Dow Jones Industrial Average surged 400 points as the market opened higher, while the Nasdaq climbed to a record high. Overall, US stocks rose close to their record levels as the latest jobs report calmed a rattled bond market.

Market Performance and Bond Rally

• Dow Jones: Climbed 400 points following the release of the softer employment numbers.
• Nasdaq: Reached a record high as rate-hike bets were reduced.
• S&P 500 and General Stocks: Advanced near their record levels.
• US Bonds: Rallied strongly as yields tumbled due to the hiring slowdown and September jobs miss.

Analyst Commentary and Rate Expectations

The employment figures revealed a hiring slowdown that shifted investor perspectives. Traders actively pared back their Federal Reserve rate-hike bets in response to the weaker data. Additionally, BlackRock’s Rosenberg described the September jobs report data as dovish.