🟢 Loandepot is trading 6.5% up today as weak payrolls ease near-term Fed hike expectations

Loandepot is trading 6.54% higher at $0.65, a move consistent with broader risk-on trading after September payrolls came in below forecasts and Treasury yields retreated.

• The developments eased expectations for another near-term Fed hike and may support mortgage-rate-sensitive shares.
• No clear company-specific announcement was identified for October 2; the S&P 500 was up 1.04% and Nasdaq was up 1.66%.