Why Stocks Hit Records Oct 7: Nvidia & Jobs | StockCram — Market Analysis

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Why Stocks Hit Records Oct 7: Nvidia & Jobs | StockCram

bullish optimism with tech-driven momentum illustration depicting Stock market rally driven by Nvidia and tech sector growth, communicating Stock markets hitting record highs led by Nvidia's surge, with Fed rate concerns easing
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S&P 500 hits record 7,819 as Nvidia nears $6T valuation while weak September jobs data slashes Fed rate-hike odds from 70% to 20%, and oil volatility keeps inflation sticky.

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Executive Summary

  • •The S&P 500 closed at a record 7,819 on October 6, driven by Nvidia's surge toward $6 trillion in ma...
  • •September's dismal jobs report—just 29,000 jobs added versus 90,000 expected—slashed Fed rate-hike o...

Deep DiveToday's Market Movers

S&P 500 Breaks 7,800 as Nvidia Nears $6 Trillion Valuation

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Weak September Jobs Report Cools Fed Rate-Hike Expectations

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