US September Job Data is out!!
Stocks fell on Friday morning as traders evaluated September's jobs report, which showed the unemployment rate continuing to decline and sparked an increase in interest rates.
This led to 650 points plunges in Dow Jones and Almost 200 points in
#NIFTY50 Future!!
The data showed 263,000 jobs were added in September - the smallest monthly advance since April last year - after a 315,000 gain in August, a Labor Department report showed Friday. The unemployment rate unexpectedly dropped to 3.5%, and average hourly earnings rose firmly.
Gold declined below $1,700 an ounce after US jobs data showed the labor market remains tight, dashing hopes the Federal Reserve will become less aggressive with rate hikes.
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