Weaker Jobs Data Boosts US Stocks Amid Reduced Rate Hike Expectations

The US stock market rebounded on Friday after weaker-than-expected jobs data in September led to reduced expectations for a Federal Reserve rate hike later this month.

The Dow Jones Industrial Average rose by 260 points, or 0.51%, while the S&P 500 gained 0.76% and the Nasdaq Composite advanced 1.19%.

Nvidia shares reached an all-time high for the first time since May, with technology stocks among the strongest performers as investors increased exposure to risk-sensitive assets.