🟢 S&P 500 ETF (SPY) is trading 0.7% up on October 5 as jobs cut Fed-hike bets

SPY is trading at $774.88 (+0.68%) as soft September jobs data reduced expectations for another Fed hike, supporting equities.

• September payrolls rose just 29,000, while unemployment increased to 4.2%.
• Foxconn’s 47% revenue growth offered a positive AI-demand signal for technology shares; the 10-year Treasury yield remained around 5.25%.
• The broad index gained amid mixed trading and elevated yields; payroll repricing was a key backdrop, not a confirmed sole cause of the day’s move.