The Dow Jones Industrial Average (DJIA) rallied after US Nonfarm Payrolls (NFP) jobs figures blew past expectations.
The Dow Jones recovered ground on NFP Friday, but still remains down on the week.. The US added far more jobs than expected in September. Market hopes for a follow-up jumbo cut from the Fed have collapsed. The Dow Jones Industrial Average rallied after US Nonfarm Payrolls jobs figures blew past expectations. US NFP net job gains soared to 254K on Friday, cudgeling market hopes for a second double-wide rate cut from the Fed eral Reserve on November 7. The US Unemployment Rate dropped back to 4.
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