NASDAQ 100 Eyes 35,000 Target Amid Weaker Jobs Data
The US jobs report for September has provided support to the NASDAQ 100 index. The nonfarm payrolls increased by only 29,000, which is well below the 90,000 forecast.
This data points to uneven hiring and reduces the case for raising interest rates to restrain an overheating labor market.
The breakout from the broadening wedge pattern in September 2026 suggests that the index is ready to surge towards a target area of 35,000.