Wall Street Closes Higher as Rate-hike Expectations Ease
UrduPoint / Pakistan Point News / WAM - October 03, 2026
NEW YORK, 2nd October, 2026 (WAM): Wall Street closed higher on Friday, marking a positive end to the trading week. Weaker-than-expected US employment data reduced expectations that the Federal Reserve would raise interest rates at its October policy meeting.
Preliminary data indicated:
- S&P 500: Rose 57.93 points (0.76%) to 7,724.38
- Nasdaq Composite: Gained 319.73 points (1.19%) to 27,191.33
- Dow Jones Industrial Average: Advanced 260.15 points (0.51%) to 51,186.71
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