Jobs Report Surprises with Big Gains but Soft Wages; Markets Rebound on Hopes for 'Soft Landing'

U.S. jobs report showed massive 336k increase in nonfarm payrolls in Sept, surprising markets. Unemployment held at 3.8% and wage growth was softer than expected.

Markets initially fell on the strong jobs number, fearing more Fed rate hikes. But they rebounded as details suggested continued growth without adding inflation pressure.

Major indexes managed to post weekly gains, breaking 4-week losing streaks. Investors saw signs of possible soft landing for economy.

Gary Wang testified Sam Bankman-Fried deliberately sent customer deposits to Alameda Research to cover losses.

Hamas attack on Israel killed 250+ and spiked oil prices. Markets face new geopolitical uncertainty.