Wall Street closed higher on Friday, with the Dow up 0.5%, S&P 500 up 0.7%, and Nasdaq up 1.2%, led by tech stocks. US jobs data showed only 29,000 jobs added in September, below estimates, while unemployment rose to 4.2%. Oil prices eased with Brent at $102.25, and G7 agreed to release 100 million barrels from reserves. In India, the Nifty fell over 3% last week, marking an eighth consecutive weekly decline, and the RBI is expected to hike rates by 25 basis points.
Global Markets Rise, RBI Rate Hike Expected This Week
Source: Moneycontrol