Stocks Settle Higher as a Weak Jobs Report Allays Rate Hike Fears The recent jobs report has sent shockwaves through financial markets, with stocks rebounding as investors breathed a collective sigh of relief at the prospect of a delayed rate hike.
The S&P 500 Index closed up 0. 62%, the Dow Jones Industrial Average up 0. 28%, and the Nasdaq 100 Index up 1. 19% on Friday.
The jobs report's unexpected decline in nonfarm payrolls and smaller than expected increase in average hourly earnings has added to growing unease about monetary policy.