{"id":439291,"date":"2026-10-02T20:44:09","date_gmt":"2026-10-02T13:44:09","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-stocks-open-higher-after-employment-slows-439291\/"},"modified":"2026-10-02T20:44:09","modified_gmt":"2026-10-02T13:44:09","slug":"us-stocks-open-higher-after-employment-slows","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/us-stocks-open-higher-after-employment-slows-439291\/","title":{"rendered":"US stocks open higher after employment slows"},"content":{"rendered":"<div>\n<p>US stocks are trading higher as  slower jobs gains for the month of September reduces the pressure on the Fed to raise rates again.<\/p>\n<p>The market\u2019s initial reaction suggests investors are giving more weight to relief on interest rates than to the slowdown in hiring.<\/p>\n<ul>\n<li>Payrolls increased just 29,000, while July and August were revised lower by a combined 60,000. That points to weaker hiring momentum.<\/li>\n<li>Average hourly earnings rose only 0.1%, with annual wage growth at 3.0%, suggesting less inflation pressure from wages.<\/li>\n<\/ul>\n<p>For stocks, the transmission comes through lower Treasury yields. Lower yields reduce the rate investors use to value future corporate earnings, supporting stock valuations\u2014particularly technology and growth shares. They also ease financing conditions and make bonds less competitive with equities.<\/p>\n<p>Yields have recovered from their initial post-report lows, but remain below the Morning North American Kickstart levels:<\/p>\n<ul>\n<li>2-year yield:4.7517%, down 3.53 basis points on the day and 2.92 basis points from the Kickstart level of 4.7809%.<\/li>\n<li>5-year yield:4.9623%, down 4.27 basis points on the day and 3.03 basis points from 4.9926%.<\/li>\n<li>10-year yield:5.1989%, down 3.51 basis points on the day and 2.53 basis points from 5.2242%.<\/li>\n<li>30-year yield:5.5795%, down 2.35 basis points on the day and 1.94 basis points from 5.5989%.<\/li>\n<\/ul>\n<p>Technically the major US stock indices are opening higher with the NASDAQ index rising by 1.17%. The high price has reached a high  of 27247.97. That is still short of the high price reached on September 22 at 27288.79. Getting above the all-time high price would open the door for further upside momentum. This week, the price lows did stay above the rising 100 hour MA and also found support buyers within the swing area between 26676 and 26856. The inability to move below thar MA and the swing area, kept the buyers in play and they are reaping the reward from the softer jobs data reaction today.\u00a0\u00a0<\/p>\n<\/p>\n<p>For the NASDAQ 100 index, it is up 1.10% reaching a high in the 1st few minutes of trading at 30,899. The current price is trading at 30, 856. The prior all-time high was at 30,770.63 and is a close level to eye if the buyers are to run the price higher.\u00a0\u00a0<\/p>\n<\/p>\n<p>The S&amp;P index is up 0.92% at 7737.79 (the high reached 7750 so far). The all-time high prices is still higher at 7816.70 (reached in August). The swing high from the month of September was near 7779.22. Looking at the chart there are a number of swing highs going back to August between 7771.48 and the all time high at\u00a07816.70.\u00a0 The price high is still short of that area. Can the buyers push to and through? Or will the market keep the up and down caution in play?<\/p>\n<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US stocks are trading higher as slower jobs gains for the month of September reduces the pressure on the Fed to raise rates again. The market\u2019s initial reaction suggests investors are giving&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439291","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439291"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439291\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}