investingLive Americas FX news wrap 2 Oct: Nasdaq 100 closes at a record after soft US jobs; Treasury yields reverse higher

Why it matters

NDX (NASDAQ 100) · Why linked: The Nasdaq 100 index closed at a record high, making it the most directly affected instrument in this report. Market context: Reaching a record close signals strong bullish momentum and could drive further index-related buying.

TLT (20+ Year Treasury) · Why linked: Treasury yields reversed higher after initially falling on the soft jobs report, directly impacting long-duration Treasury prices. Market context: Rising yields typically weigh on long-duration Treasury prices, creating downward pressure on TLT.

DXY (US Dollar Index) · Why linked: FX movements are central to the daily wrap, with Treasury yields and jobs data driving dollar direction. Market context: Softer jobs but rebounding yields create mixed signals; dollar direction depends on relative rate trajectories.

SPY (SPDR S&P 500 ETF) · Why linked: The broader U.S. equity market reacted to the jobs report, with risk assets generally bid on softer labor data. Market context: Weaker-than-expected payrolls supported risk-on sentiment and lifted equities broadly.