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Wall Street Stocks Gain After Jobs Data Calms Fed-Hike Fears
A jobs report eased concerns about Federal Reserve rate hikes, and stocks moved higher in the market wrap.
What happened
Stocks rose as a jobs report eased worries about Fed rate hikes, according to Bloomberg Markets.
What it means for the Nasdaq and TQQQ
Easing Fed-hike worries can shift rate expectations, a channel that tends to matter for the Nasdaq-100 because its tech-heavy companies are sensitive to borrowing costs and discount rates. TQQQ is designed to move about 3x the Nasdaq-100, so any index move tied to those rate expectations can be amplified.
Originally reported by Bloomberg Markets. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
Education, not investment advice.