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US nonfarm payrolls rose by just 29,000 in September, far below the 90,000 expected, while the unemployment rate ticked up to 4.2%, sharply cooling…
U.S. stocks climbed at midday Friday, with the Nasdaq 100 leading and reaching new record highs, after a much weaker-than-expected September jobs report pared bets on further Federal Reserve rate hikes.Chip stocks led the move as Nvidia Corp. NASDAQ:NVDA hit a record high at $237.88 per share.Nonfa…