🟢 S&P 500 ETF (SPY) is trading 0.9% up on October 2, 2026, as weak payrolls ease Fed rate-hike fears

SPY is trading at $771.17 (+0.94%) as investors read the report as reducing pressure for another Fed hike.

• September payrolls rose just 29,000, below expectations, while unemployment reached 4.2%.
• Rate-hike odds fell as low as 12% after the report.
• Lower expected rate pressure and falling Treasury yields supported broad-market gains; Micron’s strong results lifted technology sentiment, and major indexes were higher, consistent with a market-wide risk-on move.