The three major US Wall Street indexes closed at their highest levels, supported by gains in technology stocks.
The benchmark index rose slightly to its highest level since 2020, while the Nasdaq Index rose 0.4%, driven by technology stocks such as Nvidia, Apple and Broadcom.
The technology sector rose 0.5% and was the biggest contributor to the S&P 500 index, driven by chip stocks. The semiconductor index jumped 1.9%, recording its highest closing.
The Dow Jones Index rose 0.17% to 46,519.72 points, the S&P 500 strengthened 0.06% to 6,715.35 points, while the technology-focused Nasdaq Composite rose 0.39% to 22,844.05 points.
The weak employment data has led investors to expect the Federal Reserve (Fed) to cut interest rates two more times this year, including at the end of October.
However, the September NFP jobs report was delayed by the Labor Department due to the US government shutdown.
According to global employment firm Challenger, Gray & Christmas, US employers announced fewer layoffs in September, but their hiring plans for the year were the lowest since 2009.
The development came after yesterday's ADP jobs report showed a weaker-than-expected reading.
Volume on US exchanges was $18.77 billion, compared to an average of $18.83 billion over the past 20 trading days.
