Broadcom, Qualcomm, and Sensata Technologies Stocks Trade Up, What You Need To Know

Broadcom, Qualcomm, and Sensata Technologies Stocks Trade Up, What You Need To Know What Happened? A number of stocks jumped in the afternoon session after weaker-than-expected U.S. employment data cooled Treasury yields, easing interest rate pressure. The Bureau of Labor Statistics reported that nonfarm payrolls increased by 29,000 in September, falling short of the 84,000 projected by economists polled by Dow Jones, while the unemployment rate rose to 4.2%.For the broader group, softer hiring eases interest-rate pressure on high-multiple growth equities by pulling borrowing costs lower. However, further deceleration in the labor market risks dampening cyclical end-market demand across industrial and automotive chip channels.