Wall Street says goodbye to the week in the green. Employment data was a catalyst – Stock Exchange

Wall Street ended the last session of the week in positive territory. The main catalyst for the main North American indices this Friday was positive data from the labor market. The number of job creations in the country increased more than expected, which allayed fears that the health of the world’s largest economy could be heading towards a recession.

The S&P 500 grew 0.90% to 5,751.07 points, while the Nasdaq Composite rose 1.22% to 18,137.85 points. The Dow Jones advanced 0.81% to 42,352.75 points.

Job creation in the US in September recorded its biggest increase in six months. 254 thousand jobs were created in September. This value exceeded the estimate by a large margin creating 105 thousand jobs for most economists. The data was revealed this Friday by the US Department of Employment Statistics.

Already the unemployment rate reduced by a tenth compared to Augusthaving stood at 4.1% in September, also below forecasts.

“This should put an end to speculation of a second consecutive cut of 50 basis points by the Fed at its November meeting”, said Joana Vieira, partner at Ebury, in a note to which Negócios had access.

Investors now assess just an 8% probability of a 50 basis point cut in policy ratesup from about 31% earlier this Friday, CME Group’s FedWatch tool showed.

As for the main market movements, a Spirit Airlines tombou 24,55% after it was reported that it was in talks with bondholders about a potential request for protection from creditors.

Among the “big tech”, Amazon grew 2.50%, Meta advanced 2.26%, Nvidia rose 1.98%, Alphabet appreciated 0.81% and Apple added 0.50%. Contrary to this scenario was Microsoft, which depreciated 0.12%.