Nasdaq hits intraday record as softer U.S. jobs data eases near-term Fed rate-hike bets
AI Market Summary
Softer US jobs data and downward revisions reduced near-term Fed hike odds (CME FedWatch ~23.8%), pushing the Nasdaq to an intraday record and lifting broad equities. Rate-sensitive areas such as real estate and small caps outperformed, while megacap growth (notably Nvidia and Tesla) provided the largest S&P 500 support. The move reflects easing rate expectations, though investors remain alert to growth and inflation trade-offs.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT+0.22%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▲ Bullish
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U.S. stocks rose on Friday, with the Nasdaq Composite touching an intraday record after weaker-than-expected jobs data reduced expectations for a near-term Federal Reserve rate hike. CME FedWatch showed the probability of a rate increase of at least 25 basis points at the Fed’s meeting later this month slipped to 23.8%. The Dow climbed 0.43%, the S&P 500 gained 0.70% and the Nasdaq advanced 1.14%. Rate-sensitive groups such as real estate and small caps led, while Nvidia and Tesla provided the biggest lift to the S&P 500.
