Wall Street Rises Following Weak U.S. Employment Data, Easing Rate Hike Fears; Nasdaq Up 1.2%

On the 2nd local time, all three major U.S. stock indices closed higher in New York.

Investor sentiment recovered as weaker-than-expected U.S. employment data for September eased concerns over a potential interest rate hike by the Federal Reserve in October.

On this day, the Dow Jones Industrial Average finished up 250.40 points, or 0.49%, at 51,176.96.

The S&P 500 index rose 56.27 points, or 0.73%, to close at 7,722.72, while the Nasdaq Composite Index climbed 319.27 points, or 1.19%, to finish at 27,190.86.

The Nasdaq hit an all-time intraday high before paring some of its gains later.

(Photo: Getty Images)
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