🟢 Growth ETF (VUG) is trading 1.5% up today as weak payrolls ease Fed rate-hike pressure

VUG is trading at $91.59, up +1.51%, as weak September payrolls eased pressure for further Fed tightening.

• September payrolls rose just 29,000, far below expectations, while unemployment edged up to 4.2%.
• Falling Treasury yields and reduced October rate-hike expectations are supporting rate-sensitive growth stocks; the Nasdaq is up 1.56%, signaling a broad risk-on move.
• Micron’s strong results and outlook also buoyed semiconductor sentiment, adding a sector tailwind.