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New York stocks rise as weak September jobs report eases rate-hike concerns

  • New York stocks opened broadly higher after September’s weak jobs report.
  • 9:38 a.m. local time marked the reported market status.
  • The cooling labor market weakened the Federal Reserve’s justification for additional rate hikes.

New York stocks opened broadly higher after September’s unexpectedly weak jobs report reduced expectations for additional Federal Reserve rate hikes. The cooling labor market rapidly improved investor sentiment, with stocks higher as of 9:38 a.m. local time.

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