Dow Jumps 600 Points; US Adds 119,000 Jobs In September

Market Performance - U.S. stocks experienced a significant increase, with the Dow Jones index rising by over 600 points, up 1.32% to 46,747.93, the NASDAQ gaining 2.19% to 23,058.11, and the S&P 500 increasing by 1.68% to 6,754.03 [1] - Information technology shares saw a notable rise of 2.4% on the same day, while health care stocks increased by 0.3% [1] Labor Market Insights - The U.S. labor market showed a strong rebound in September, with non-farm payrolls increasing by 119,000, significantly surpassing market expectations of 50,000 [2][11] - Despite the hiring increase, the unemployment rate rose from 4.3% to 4.4%, marking the highest level since October 2021 [3][11] Commodity Market - In commodity trading, oil prices increased by 0.8% to $59.92, while gold rose by 0.1% to $4,083.90 [5] - Silver prices decreased by 0.2% to $50.780, and copper saw a slight increase of 0.1% to $5.0255 [5] European Market Performance - European shares also experienced gains, with the eurozone's STOXX 600 rising by 0.9%, Spain's IBEX 35 Index up 1.1%, London's FTSE 100 increasing by 0.7%, Germany's DAX 40 gaining 1.2%, and France's CAC 40 jumping 1% [6] Asian Market Performance - Asian markets closed mostly higher, with Japan's Nikkei 225 gaining 2.65%, Hong Kong's Hang Seng up 0.02%, while China's Shanghai Composite fell by 0.40%, and India's BSE Sensex increased by 0.52% [7] Company Stock Movements - Sonder Holdings Inc (NASDAQ:SOND) shares surged by 117% to $0.20, while PACS Group Inc (NYSE:PACS) shares rose by 60% to $27.00 following better-than-expected quarterly sales results [9] - Magnera Corp (NYSE:MAGN) shares increased by 48% to $11.78 after reporting fourth-quarter financial results [9] - Conversely, Brera Holdings PLC (NASDAQ:SLMT) shares dropped by 39% to $3.53, and JX Luxventure Group Inc (NASDAQ:JXG) shares fell by 31% to $0.31 [9]