Small Correction 'Not Unhealthy' Says JP Morgan's Grace Peters

The stock market closed positively today, with the S&P 500 rising by 0.4%, supported by gains from Block and GE Vernova. The Nasdaq Composite increased by 0.6%, buoyed by strong earnings from Nvidia. Despite mixed intraday trading, the overall sentiment was optimistic as the Dow Jones also showed positive movement.

The Labor Department announced that it would not release complete jobs data for October due to the impacts of the government shutdown. This decision leaves Federal Reserve officials with an incomplete understanding of the labor market as they prepare for their upcoming meeting. The September jobs report is expected to be released on Thursday.

The S&P 500 index ended its four-day losing streak, showing a positive shift in the U.S. market as investors awaited Nvidia's earnings report. This recovery comes after a period of declines attributed to concerns over Nvidia's performance and broader market volatility. The closing bell coverage was provided by Bloomberg Television and Radio.

The Labor Department announced that due to the recent government shutdown, some survey data is permanently unavailable. This situation complicates the Federal Reserve's decision-making regarding interest rates, as incomplete data may hinder their ability to assess economic conditions effectively. The absence of crucial information raises concerns about the central bank's upcoming policy decisions.

The Federal Reserve's recent meeting revealed significant divisions among officials regarding potential interest rate cuts next month. The discussions highlighted contrasting views on the economic outlook and the appropriate monetary policy response.

The dollar experienced its strongest performance since late September as traders increased their bets that the Federal Reserve will maintain interest rates. This rise reflects growing confidence among investors regarding the Fed's monetary policy direction amid ongoing economic uncertainties.

The Federal Reserve's recent decision to lower interest rates was marked by significant internal divisions among officials, who disagreed on how to balance a weakening labor market with rising inflation. Jerome H. Powell, the Fed chair, acknowledged that there are 'strongly differing views' among members regarding the economic outlook.

The anticipated Bitcoin bounce did not materialize, leaving leveraged traders in a precarious position. The cryptocurrency has seen a significant decline, falling nearly 30% from its peak earlier in 2025, raising concerns about the sustainability of high-risk investments in the crypto market.