The US non-farm payrolls increased by 0.254 million in September, far exceeding expectations, with the unemployment rate unexpectedly dropping to 4.1%. The market expects a slight half-point cut in November, and the three major US stock indices rebounded significantly on Friday, with the Dow rising by 300 points in early trading and the Nasdaq up over 1%.

The S&P 500 index opened 37 points higher, or 0.7%, at 5,737 points; the Dow opened 236 points higher, or 0.6%, at 42,248 points; the Nasdaq opened 211 points higher, or 1.2%, at 18,130 points.

Technology stocks performed well, with Tesla (TSLA.US) and Amazon (AMZN.US) both rising nearly 4% and 3% respectively, while Nvidia (NVDA.US) continued to gain over 1%.

American Airlines Spirit Airlines (SAVE.US) plummeted nearly 30% early on, amid rumors of potential bankruptcy. Electric vehicle manufacturer Rivian (RIVN.US) fell over 6% as it failed to meet third-quarter delivery expectations.