U.S. Stock Market Movement | Expectations for Fed Rate Hike in October Ease, Cryptocurrency Concept Stocks Rise

According to Zhihu Finance APP, on Friday, US cryptocurrency-related stocks rose, with TeraWulf (WULF.US) up over 8%, IREN (IREN.US) up over 7%, and Robinhood (HOOD.US), MARA (MARA.US), and Cipher Digital (CIFR.US) all up over 5%. On the news front, data released by the US Department of Labor on the 2nd showed that the US added 29,000 non-farm payroll jobs in September, significantly lower than the downwardly revised 133,000 in August and also below the average monthly increase of 45,000 over the previous 12 months. After the release of the latest non-farm payrolls data, market expectations for further interest rate hikes by the Federal Reserve at its October monetary policy meeting cooled further. The cryptocurrency market generally rose, with Bitcoin up 1.93% to $85,679 and Ethereum up 0.89% to $2,710.