Dow Opens Higher, Yields Fall as Hiring Softens -- WSJ

By Alexander Osipovich

Stocks are climbing and Treasury yields fell after the September jobs report came in cooler than expected.

Investors scaled back their expectations of a Federal Reserve interest-rate hike before the end of this year after the U.S. added 29,000 jobs in September, far short of expectations.

The report suggested that the labor market remains steady but may not be able to deliver consistent and sizable employment gains like it did in the past. The unemployment rate was 4.2% last month, up slightly from the previous month.

Benchmark Brent crude oil futures fell more than 2% to below $100 a barrel. European officials are discussing whether to tap diesel reserves in a bid to relieve soaring fuel prices and head off President Trump's threat to ban U.S. diesel exports.

Overseas, German and U.K. yields are retreating after Thursday's global bond selloff. France continues to worry investors, though, and yields on two-year bonds have jumped to their highest level since 2008.

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(END) Dow Jones Newswires

October 02, 2026 09:37 ET (13:37 GMT)