Stocks plummet after jobs report blows past expectations: Stock market news today

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Investors are waiting for the release of the monthly US jobs report that could sway the Fed on whether to hold or hike interest rates.

, as investors considered the possibility that it could sway the Federal Reserve's thinking on whether to hold or hike interest rates.in the labor market that were forecast. The US economy added 336,000 jobs in September, almost twice the number expected. That could give the Fed more evidence that the labor market remains strong, making the case for a more restrictive policy for longer.

Wage growth slowed modestly in September, with average hourly earnings rising 4.2% over the prior year, less than the 4.3% that was expected, which would've matched the increase seen in August.

 

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