Nasdaq hits record high after weaker-than-expected US jobs report – as it happened
News Source
•Fri, 02 Oct 2026 15:58:01 GMT
📰 What Happened
The Nasdaq Composite hit an all-time high after a weaker-than-expected US jobs report. The US economy added just 29,000 jobs in September, far below what economists expected. Investors bet that the Federal Reserve would not raise interest rates, pushing share and bond prices higher. The dollar weakened and US bond yields fell.
🔍 The Backstory
The same day brought other economic strains. Eurozone inflation reached a three-year high of 3.8 percent, diesel hit £2 a litre in the UK for the first time, and the FTSE 100 posted its biggest one-week fall since April. Global markets are juggling weak growth and rising prices at the same time, which worries investors.
🎯 Why It Matters
A cooling job market can mean fewer openings and slower pay rises, even while stock markets set records.
The Nasdaq Composite hit an all-time high after a weaker-than-expected US jobs report. The US economy added just 29,000 jobs in September, far below what economists expected. Investors bet that the Federal Reserve would not raise interest rates, pushing share and bond prices higher. The dollar weakened and US bond yields fell.
The same day brought other economic strains. Eurozone inflation reached a three-year high of 3.8 percent, diesel hit £2 a litre in the UK for the first time, and the FTSE 100 posted its biggest one-week fall since April. Global markets are juggling weak growth and rising prices at the same time, which worries investors.
A cooling job market can mean fewer openings and slower pay rises, even while stock markets set records.