🟢 S&P 500 ETF (IVV) is trading 1% up as weak payrolls cool rate-hike expectations

IVV is trading at $775.07, up 1.00%, as weak September payroll growth cooled rate-hike expectations.

• September payrolls rose just 29,000, far below expectations; unemployment edged up to 4.2%.
• Treasury yields fell, supporting a broad risk-on move in stocks.
• Micron’s strong results and AI-demand outlook lifted semiconductor sentiment; the Nasdaq’s larger gain than the S&P 500 pointed to an added growth-stock boost.