U.S. stocks surged Friday after a weaker-than-expected jobs report and falling oil prices led traders to sharply scale back bets on another Federal Reserve interest rate hike. The rally wasn’t enough to pull the Dow Jones Industrial Average and S&P 500 out of weekly losses, as another spike in global bond yields kept trading choppy.
U.S. employers added just 29,000 jobs in September 2026 and the unemployment rate rose to 4.2%, according to the Bureau of Labor Statistics (BLS) in Washington, D.C. The Oct. 2 report followed a Sept. 29 release from the U.S. Department of Labor showing job openings slid to 7.08 million in August, the lowest level since March, which adds to signs that hiring is cooling even as layoffs stay low.
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