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Bad news is good news again
September jobs report turns out to be just bad enough to keep Fed rate-hike plans on hold
Published Sun, Oct 4, 2015 · 09:50 PM
US stocks rose last week as traders celebrated a bleak jobs report, betting it would put the Federal Reserve's rate-hike plans on ice.
This week could see stocks adding to gains as long as there are no nasty surprises from earnings reports, and no pleasant surprises from economic data.
Only 142,000 jobs were added to US payrolls in September, suggesting the wobbles in Chinese and emerging-markets growth have spread to US shores.
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