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Global market today: Wall Street rallies on US job date, ease in US Fed rate hike
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Global market today: On account of strong US job data for the month of September 2023, US stock market witnessed sharp upside movement on Friday. Dow Jones Index shot up 0.87 per cent, S&P 500 index surged 1.18 per cent whereas tech heavy weight Nasdaq skyrocketed 1.60 per cent.
MSCI's gauge of stocks across the globe closed up 1.0 per cent, while the pan-European STOXX 600 index rose 0.82 per cent. According to stock market experts, US stock market surged after the US job data as it eased the tension of US Fed rate hike in upcoming US Fed meeting shceduled in November 2023.
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