Global markets are navigating geopolitical tensions with surprising resilience, particularly in the US. Despite initial fears, financial assets show a weakening correlation with oil prices, while US equities remain robust. The dollar’s strength is linked more to equity performance than oil, suggesting a shift in market focus towards corporate earnings and AI.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026