Jobs Report: Soft Hiring Lifts S&P 500, Sinks Rate-Hike Odds; AI Effect? (Live Coverage)

The September jobs report showed much softer-than-expected hiring as the unemployment rate ticked higher. After the data, the S&P 500 rallied, adding to overnight gains on lower oil prices, and Treasury yields fell as markets bet on fewer Fed rate hikes. The tepid jobs data and falling oil prices combined provided relief just where the stock market needed it. Prior…