New York, Oct 2, 2026 (AFP) - US stocks rise on weak jobs data, oil price retreat

NAMPA / AFP
2026-10-02
Wall Street stocks jumped early Friday after lackluster US jobs data eased concerns about imminent Federal Reserve interest rate hikes, while oil prices tumbled. Employment in the United States grew by 29,000 jobs in September, significantly missing analysts' expectations. Ken Mahoney of Mahoney Asset Management described a "Goldilocks" report, "not too hot, not too cold," saying that "for the Fed, these numbers do not make a case for a rate inc......
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