🟢 S&P 500 ETF (SPY) is trading 0.01% up on October 5 as payrolls eased rate-hike bets

SPY is trading at $769.75, up +0.01% versus the October 2 close of $769.64, as weak September payrolls lowered rate-hike bets. - Payrolls rose by just 29,000, below expectations, while unemployment reached 4.2%; Treasury yields fell, supporting equities. - Futures were modestly higher overnight as investors awaited the October 5 ISM Services PMI. - The pre-market move is negligible, not a significant rally.