US equities climb while soft job numbers curb rate-hike hopes

At the market open, the S&P 500, Dow Jones and Nasdaq each posted gains, driven by expectations that the latest US employment report will temper the Federal Reserve's inclination to tighten monetary policy. The job report showed slower hiring and a rise in the unemployment rate, prompting analysts to argue that the odds of an October rate increase have diminished. Nike's stock fell more than seven percent after the sportswear giant posted a weak first-quarter 2027 earnings preview and disclosed a 26 percent drop in revenue from China, while short-selling activity in the stock had reached record levels.

Tesla's shares rose above three percent following a delivery figure of 486,532 vehicles for the third quarter, surpassing the consensus estimate. Bond yields on 10-year and 30-year US Treasury securities slipped modestly after the data release. Senior economists from DNB Carnegie and Nordea highlighted the mixed signals in the labor market but agreed that the overall picture remains relatively stable.