🧵 1. Wall Street rises as labor market cools and Treasury yields retreat from multi-year highs, boosting investor sentiment. #finance
🧵 1. Wall Street rises as labor market cools and Treasury yields retreat from multi-year highs, boosting investor sentiment. #finance
🧵 2. Major tech stocks Microsoft, Amazon, Nvidia, Alphabet, and Tesla gain between 1.5% and 4.4%. Consumer discretionary stocks lead gains.
🧵 3. U.S. private employers add the fewest workers in over 2-1/2 years in September, raising investor hopes for positive payroll numbers on Friday.
🧵 4. S&P Global's Composite Purchasing Managers' Index for September slightly improves, while separate data shows U.S. services sector slowing.
🧵 5. Dow Jones up 0.23%, S&P 500 up 0.49%, and Nasdaq Composite up 0.97%. Investors monitor 4,200-point mark as potential support for S&P 500.
🧵 Read more at: https://www.reuters.com/markets/us/futures-subdued-relentless-rally-treasury-yields-2023-10-04/