S&P 500 Futures Rise 0.7% as September Payrolls Slow to 29,000

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3▲3 ▼3Impact / 5
Summary · why it matters

E-mini S&P 500 futures climbed about 0.7% as investors weighed cooler job growth against firmer factory and price signals. The September non-farm payrolls report showed only 29,000 new jobs and unemployment at 4.2%, with annual wage growth at 3%, while the ISM Manufacturing PMI stood at 54.5 and the S&P Global manufacturing gauge at 55.9, both pointing to busy factories and rising costs tied to tariffs and Middle East conflict. Among individual movers, Teradyne jumped 8.00% on upbeat AI data center and HDD supply commentary, Hewlett Packard Enterprise rose 7.36% after analysts raised targets on a bullish networking event and Helios AI order, and Space Exploration Technologies gained 7.35% on Starship cadence, Grok pricing and large AI compute deals. Western Digital fell 10.22% and Seagate Technology Holdings declined 10.21% after Toshiba outlined plans to nearly double AI data center HDD capacity, while Accenture slipped 6.31% as investors locked in gains after a sharp post-earnings rally. On the radar this week are the ISM Services PMI on Monday, Constellation Brands earnings on Tuesday, a Fed Williams speech on Tuesday, FOMC Minutes on Wednesday and Initial Jobless Claims on Thursday.

Impact on assets 9

Cloud & Digital Infrastructure▼ · 2 stocks
Western Digital Corporation
WDC
▼ NegativeCompetitionrelevance

Toshiba plans to nearly double AI data center HDD capacity, threatening Western Digital's HDD market position.

Seagate Technology PLC
STX
▼ NegativeCompetitionrelevance

Seagate fell 10.21% after Toshiba outlined plans to nearly double AI data center HDD capacity.

Artificial Intelligence± Mixed · 2 stocks
Accenture plc
ACN
▼ NegativeCapitalrelevance

Accenture slipped 6.31% as investors locked in gains after a sharp post-earnings rally.

Hewlett Packard Enterprise Co
HPE
▲ PositiveCapitalrelevance

Hewlett Packard Enterprise rose 7.36% after analysts raised targets on a bullish networking event and Helios AI order.

Space Economy▲ · 1 stocks
Semiconductors▲ · 1 stocks
Teradyne Inc
TER
▲ PositiveDemandrelevance

Teradyne jumped 8.00% on upbeat AI data center and HDD supply commentary.

Climate Adaptation & Water▲ · 1 stocks
Industrials▲ · 1 stocks
Consumer Staples▲ · 1 stocks