Tech stocks jump after jobs report miss, Treasury yields ease: AlphaCheck
Good morning. Stocks jumped on Friday after the September jobs report missed expectations, with unemployment inching up to 4.2%.
The weak labor report raised expectations that the Federal Reserve will keep interest rates unchanged at its policy meeting this month.
The 10-year Treasury (^TNX) yield, used as a benchmark for mortgages and other loans, eased to 5.18% after reaching a 2002 peak in the prior session.
Here’s a check of the markets in the first few minutes of trading, based on a heat map powered by Yahoo Finance AlphaSpace data.
Tech (XLK) stocks gained, with AI chip heavyweight Nvidia (NVDA) nearing a record high.
Bitcoin (BTC-USD) rose more than 2% to above $86,000 while ether (ETH-USD) also jumped.
Here are some other notable stocks that Yahoo Finance readers are viewing this morning: Nike (NKE), Seagate (STX), and Western Digital (WDC).
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