US Stocks Rise on Soft-Landing Expectations: Markets Wrap.

US stocks rose after a stronger-than-expected jobs report, indicating the strength of the economy. This led to a sell-off in Treasuries as expectations of a large rate cut by the Federal Reserve next month diminished. The S&P 500 and Nasdaq 100 both saw gains, and the two-year US Treasury yield increased. Traders are now predicting a higher likelihood of a quarter-point rate reduction in November. The unemployment rate fell to 4.1% and other economic data throughout the week further supported the notion that the US economy is performing well. [Extracted from the article]