The S&P 500 rallied after the September jobs report showed a significant slowdown in hiring. The U.S. economy added only 29,000 jobs, far below economists' expectations, and the unemployment rate ticked up to 4.2%. [7, 16, 17] This weaker-than-anticipated data has led investors to believe the Federal Reserve will be less likely to raise interest rates at its upcoming October meeting. [13, 15] The cooling of rate hike fears has sent Treasury yields lower, providing a significant boost to the broader stock market. [6, 8]