Stocks Rebound After Strong September Jobs Report Signals Resilient Labor Market
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US added 336,000 jobs in September, nearly double expectations, signaling labor market resilience that may push Fed to keep rates high or raise further.
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Unemployment rate unchanged at 3.8% in September; wage growth slowed to 4.2% over past year.
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Stocks opened lower after jobs report but quickly rebounded, with S&P 500 up 0.9%, Dow up 0.8%, and Nasdaq up over 1%.
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Oil prices set for biggest weekly loss since March on growth worries; WTI crude wavering around $83, Brent holding $84.
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Before jobs data, stock futures pointed to a higher open, with S&P 500 futures up 0.24%, Dow futures up 0.22%, and Nasdaq futures up 0.28%.