US employers added 254,000 jobs in September, surpassing estimates and signaling continued economic strength, with the S&P 500 closing up 0.90%. This strong jobs report helped recover losses from earlier in the week.
The tech-heavy Nasdaq climbed 1.22%, driven by substantial gains in key tech entities like Nvidia, Broadcom Corp., and Advanced Micro Devices, showcasing the sector's resilience amid broader market fluctuations.
In Europe, markets were mixed initially but rose on the U.S. jobs report, with the STOXX Europe 600 closing up 0.44%, reflecting investor confidence in positive economic indicators.
Japan's Nikkei 225 ended the week with a slight 0.22% gain after new Prime Minister Shigeru Ishiba's economic agenda promised pay raises and support for lower-income households, interestingly linking political changes to market movements.
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