Jobs Miss Lifts Tech, Oil Drops: Oct. 2 | StockCram — Market Analysis

Key Themes This Week

• •U.S. markets ended a volatile week nearly flat as escalating U.S.-Iran tensions pushed oil and Treasury yields to multi-year highs before a weaker-than-expected September jobs report on Friday triggered a sharp rally in technology stocks and eased rate-hike expectations.
• •The Federal Reserve's September rate hike—its first since 2023—combined with surging energy costs and geopolitical uncertainty created a tug-of-war between inflation fears and growth concerns that left major indexes mixed for the week.
• •Friday's jobs report showed just 29,000 payrolls added versus 84,000 expected, with downward revisions turning July negative, giving the Fed room to pause further tightening and sending the Nasdaq to an intraday record high despite weekly losses for the Dow and S&P 500.