[Data boosted the Nasdaq to close up 1.3%, Tesla rose nearly 6%] The U.S. small non-agricultural data was poor, and the market reduced its bets on the Federal Reserve to raise interest rates, boosting U.S. stocks. The Dow initially closed up about 140 points or 0.4%, the Nasdaq closed up 1.3%, and the S&P 500 closed up 0.8%. The Nasdaq China Golden Dragon Index closed down 0.28%, Wei Xiaoli generally rose, and Xpeng Motors (XPEV.N) closed up 3%. Tesla led gains among large technology stocks, closing up nearly 6%. The comprehensive oil and gas sector of U.S. stocks generally fell, with Suncor Energy closing down more than 5%, and Exxon Mobil and BP falling more than 3%.
U.S. Treasury Secretary Yellen: The bond market’s expectations of the Fed’s actions can be