SPY is trading at $772.32, up 1.09%, as investors saw softer hiring as reducing pressure for further Fed rate hikes.

  • September payrolls rose just 29,000, below the 84,000 forecast, while unemployment reached 4.2%.
  • Treasury yields fell and stocks broadly advanced.
  • Strong Micron results supported semiconductor sentiment, but the broad market response pointed to jobs and rate expectations as the main drivers.