What drove the stock rally since April

Tech stocks have been on a rollercoaster since Nvidia reported earnings, the US added 119,000 jobs in September but unemployment reached its highest level in four years, and the US has formally handed Ukraine a sweeping peace plan drawn up with Moscow. Plus, we’ll go over all the drama that’s ensued in the run-up to the G20 conference in South Africa. 

Mentioned in this podcast:

US tech stocks slide as jolt of volatility hits Wall Street

The American exceptionalism trade is wobbling

US adds 119,000 jobs in September but unemployment hits four-year peak

US hands Ukraine new peace plan drawn up with Russia

Trump’s total boycott of G20 casts shadow over its future

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Mischa Frankl-Duval, Victoria Craig and Sonja Hutson. Our show was mixed by Kelly Garry. Additional help from Gavin Kallmann, Michael Lello and David da Silva. The FT’s acting co-head of audio is Topher Forhecz. The show’s theme music is by Metaphor Music.

Read a transcript of this episode on FT.com

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