Fed October pause odds rise to 83% as Nvidia hits record high

  • U.S. stocks opened higher as Nvidia reached another record high.
  • September nonfarm payrolls increased by only 29,000 jobs.
  • CME data put October rate-pause odds at 83%.

U.S. stocks rebounded at the open as September nonfarm payroll growth slowed sharply to 29,000 jobs. The Nasdaq rose 1.2%, while all three major indexes opened higher. Nvidia reached another record high, and crypto-related stocks and artificial-intelligence companies led sector gains. CME data showed the probability of the Federal Reserve keeping interest rates unchanged in October had risen to 83%.

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